Videocon loan case: ICICI Bank faces litmus test; 5 points
Last week, the board of ICICI Bank had ordered an independent probe, by an 'independent and credible' person, into allegations of 'conflict of interest' and 'quid pro quo' in Kochhar's dealing with certain borrowers. There are allegations that Chanda Kochhar had provided a loan to Videocon group on a quid pro quo basis.
Chanda Kochhar’s leadership came under a cloud following the resurfacing of allegations against her, including alleged conflict of interest over loans made to Videocon Group. Image source: Image source: Reuters