Kochhar, Priyanka among world's most powerful women: Forbes.
Nupower, Videocon, and Kochhar have denied these allegations.
Kochhar has also consistently figured in Fortune's
The bank has not shared the panel report with Kochhar.
Kochhar received the notice under Section 131 of the Income Tax Act.
In 2006- 07, Kochhar handled the international and corporate businesses of the bank.
On 4 October, the bank had informed that Kochhar had quit the bank with immediate effect.
They said that Deepak Kochhar will soon be called for questioning along with some bank officials.
A whistleblower alleged that Ms Kochhar's husband Deepak Kochhar
and her family members benefited from the dealings.
Kochhar said:"I would like to accept this honour on behalf of India,
its women and the ICICI Group.
Chanda Kochhar(née Advani,
born 17 November 1961) is the former MD and chief executive officer of ICICI Bank.
month on October 4, the bank had informed that Kochhar had quit the bank with immediate effect.
Chanda Kochhar accepted charge as MD
and CEO of ICICI Bank on May 1, 2009 and surrendered on October 2018.
Earlier this month on October 4, the bank had informed that Kochhar had quit the bank with immediate effect.
Chanda Kochhar, the managing director(MD) & chief executive officer(CEO) of ICICI Bank will be on leave, till the enquiry ends.
An independent enquiry panel
led by Justice(Retd) B N Srikrishna observed that Kochhar violated bank policies and other rules and regulations.
Chanda Kochhar, ICICI Bank's managing director
and CEO will remain on leave until a committee investigating allegations of impropriety completes its work.
In 1993, once the ICICI Bank was being created,
Chanda Kochhar was appointed united of the core team members
and granted major responsibilities.
On its part,
ICICI Bank's board has also constituted an"independent enquiry" and Kochhar has gone on leave till completion of this enquiry.
In the interim, the bank has appointed a chief operating officer who
will report to the board during the absence of Ms Kochhar.
Kochhar responded with:"It's sad to see that you have
not respected the sentiments of Hindus who have been terrorised by Islam over 2,000 years.
In 1993, when the ICICI Bank was being set up,
Chanda Kochhar was appointed as one of the core team members
and granted major responsibilities.
The bank had
earlier announced earlier this month that Chanda Kochhar has decided to stay on leave till the internal
investigation is completed in the case.
Apart from this panel, even CBI initiated a preliminary enquiry in March 2018,
where it questioned Deepak Kochhar, few members of Videocon Group and others.
Kochhar tweeted on Sunday:“It's sad to see that you[Chopra]
have not respected the sentiments of Hindus who have been terrorized by Islam over 2000 years.
The bank also said that its CEO and Managing Director Chanda Kochhar will be on leave till the completion of internal
check in Videocon loan case.
Earlier in March, when the reports first surfaced in this regard, the bank had said that its board has“full confidence and
reposes full faith” in Kochhar.
ICICI Bank announced that Kochhar has decided to go on leave till the completion
of an external inquiry into the matter of lending loan to Videocon group.
CEO of ICICI Bank Chanda Kochhar was named the most powerful woman in India
as she ranked 32nd in World's 100 Most Powerful Women list by Forbes.
After resignation of Chanda Kochhar, the bankâ€™s board had elevated Chief Operating Officer(COO)
Bakshi as the new managing director and CEO for five years until October 3, 2023.