ICICI Bank probe finds ex-CEO Kochhar violated internal policies [Reuters]
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Source: Reuters
ICICI Bank probe finds ex-CEO Kochhar violated internal policies | Reuters 3 Min Read MUMBAI (Reuters) - ICICI Bank Ltd ( ICBK.NS ) said on Wednesday an investigation into former Chief Executive Chanda Kochhar found she had violated internal bank policies and the bank will seek to revoke her financial entitlements. Kochhar, who worked at India’s third biggest lender for over three decades, rose through the ranks to become one of the most influential women bankers in the country before she retired last year. But Kochhar has been dogged by allegations of conflict of interest and misconduct over the last two years and she sought early retirement from the bank in October. ICICI Bank said in a statement it would seek to revoke Kochhar’s unpaid bonuses or increments, unexercised stock options and medical benefits following a board decision on Wednesday. The board also planned to “clawback” all bonuses paid to Kochhar between April 2009 until March 2018, the statement said. Kochhar said in
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