Tag: ICICI Bank

Fitch downgrades long-term default and viability rating of ICICI and Axis banks

Newsroom24x7 Network Mumbai: Fitch Ratings has downgraded ICICI Bank Limited’s Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘ and its Viability Rating to ‘bb+’ from ‘bbb-‘. The Outlook on the IDR is Stable. Fitch has also affirmed ICICI’s Support Rating at ‘3’ and Support Rating Floor at ‘BB+’. A full list of rating actions

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CBI registers case against former MD & CEO OF ICICI Bank Chanda Kochhar & others

Newsroom24x7 Network New Delhi: The Central Bureau of Investigation has registered a case against the then MD & CEO of ICICI Bank; two Managing Directors of separate private companies based at Mumbai (Deepak Kochhar, Husband of Chanda Kochaar and Videocon group boss Venugopal Dhoot ; four Mumbai based private companies and other unknown private persons

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Allegations against ICICI Bank pose reputational risks

ewsroom24x7 Network Mumbai/Singapore: An investigation into allegations that India’s ICICI Bank (BBB-/Stable/bbb-) extended a loan with a potential conflict of interest raises questions over the bank’s governance and creates reputational risks, says Fitch Ratings. According to Fitch, other regulatory sanctions are also possible, depending on the outcome of the investigation. The allegation regarding ICICI Bank

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CBI, alleged wrongful gain of Rs 48 crore to Prannoy Roy, Radhika Roy and RRPR Holdings Pvt Ltd

Newsroom24x7 Staff New Delhi: CBI today issued a statement clarifying that searches have been carried out at the premises of the promoters and their offices based on search warrants issued by the Competent Court. The CBI statement comes in response to reports in sections of the media raising certain issues and the statement issued by NDTV

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