However, the bank did not say anything with regard to review of insolvency cases which was part of board meeting agenda for today.
Stocks of ICICI Bank dipped to a five month low or almost 6% on Monday after a CBI team launched a preliminary investigation in the case of loans disbursed to Videocon Group.
ICICI Bank had loaned United States dollars 100 million through its Canadian subsidiary to Videocon, which was repaid in full with interest, Dhoot said, adding that there were enquiries by the Enforcement Directorate in the matter, but it did not find any wrongdoing under the foreign exchange management laws.
The CBI has launched a probe to verify the bank's loans to the Videocon group and possible nepotism in the loans extended. The amount was a part of Rs.40,000 crore loan that Videocon group secured from a consortium of 20 banks led by SBI.
ICICI Bank's board, however, has reposed full faith in Kochhar. Ms Kochhar, who is known for her extra ordinary contribution in taking retail banking to all together different level, ICICI bank in particular and banking sector in general, is facing conflict of interest charges by one of the investors of ICICI bank and Videocon group.
Asked about the alleged Rs 64 crore loan given to Nupower by Supreme Energy which is "99.99 percent owned by him", Dhoot initially claimed Videocon does not have any such entity, but then conceded that the Group may have invested "a lakh or two" in some company, but claimed he does not exactly remember.
Punglia transferred his holding in Supreme Energy to Pinnacle Energy, where Deepak Kochhar was the managing trustee. In both cases, interface with the lenders was inevitable, and it appears that ICICI Bank has acquired stakes of these few companies too. Shares of Videocon Industries also fell 4.97% to Rs 12.42 - the lowest trading permissible limit for the day - on the BSE.
On BSE, the stock fell 7% to Rs 258.90 while it slumped 7% to Rs 258.80 on NSE. Approximately 5,108,606 shares were traded during trading, a decline of 36% from the average daily volume of 7,936,838 shares.
Among 2 analysts covering Icici Bank Limited (NYSE:IBN), 2 have Buy rating, 0 Sell and 0 Hold. The institutional investor held 2.50 million shares of the commercial banks company at the end of 2017Q4, valued at $24.37 million, up from 1.82M at the end of the previous reported quarter.
In their win against Kansas, the Wildcats hit a Final Four record 18 three-pointers, with 13 of those coming in the first half. The Wolverines eschew interior D in favor of covering the 3-point line at all costs, and the results have proven him right.
The WWE Grand Slam champion announced a blockbuster match for the grandest stage of them all on the recent edition of Smackdown . In addition, Bryan added that there will be a stipulation attached to this tag team match at Mania .
Additionally, Smackdown Live General Manager Daniel Bryan is confirmed to be returning to the ring imminently. He brawled with Kevin Owens and Sami Zayn before being taken out of the arena on a stretcher.
Trump's comments came as France said on Friday it could increase its military presence in Syria to bolster the USA -led campaign. No date was given for the pullout and Moscow said rebels were expected to demine buildings and clear roadblocks before leaving.
India is the second largest smartphone market after China, and Google now doesn't sell its Pixel phones in the country. As far as Amazon's launch is considered, it is sure to give tough competition and a run for its money to Google .
Stoltenberg's statement followed the earlierdismissal of more than 140 Russian diplomats from 24 different countries. Moscow has fiercely denied the charge and has pointed the finger at British intelligence.
The Cubs bullpen, revamped after a dismal 2017 postseason, shut out Miami over the final 5 2-3 innings, allowing only one hit. Louis, MO, USA; Chicago Cubs right fielder Ian Happ (8) follows through on a double during the first inning against the St.
After Notre Dame turned it over with 3.6 seconds left in regulation, Williams' runner was short, sending the game to overtime. New this year, ESPN has shifted its Women's Final Four transmission to the XAVC Intra codec.
Discussion focused on means of developing trade cooperation and technology development between Saudi Arabia and the United States. At the White House , Trump repeated his description of the Iran nuclear deal, negotiated by Obama, as the "worst deal ever".
Amazon Echo Devices Can Now be Used as an Intercom System
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Ford Escape Fails Passenger Safety Test
The Institute has used that process, known as test verification, to assign other types of ratings under certain circumstances. None of the newly rated 2018 models earns better than acceptable marks for structure.
Winnie: South Africa's voice of defiance
Following the announcement of her passing, the Mandela family released a statement about the late matriarch. He then urged South Africans to reflect on Madikizela-Mandela's "rich‚ remarkable and meaningful life".
Zverev: "I'm Happy He Won His First Masters"
He made 83 percent of his first serves in the final set. "Very happy it's all sort of coming together right now", Isner said. Isner's serve allowed him to overcome inconsistent returning, a succession of botched volleys and shaky play at crunch time.
Chelsea legend urges club to keep Conte
However, the progress Andreas Christensen has made since becoming a Chelsea regular can give our youngsters a goal that they can play for the club's first team one day.
Could the Patriots sign Johnny Manziel?
If Manziel proves he has grown up, he could get another chance in the NFL. "I don't want to make the same mistake twice". Manziel , still only 25 years old, could show enough to entice the Patriots to take a risk.
Odell Beckham Jr. NFL trade rumor mill
But certainly we all understand that there are certain ways that we need to act and certain things we don't want to be doing. We want guys that understand the importance of relationships, which means they want to be coached.