ICICI board backs CEO Chanda Kochhar over Videocon loan row
The board of ICICI Bank has expressed "full faith and confidence" in its CEO Chanda Kochhar and refuted reports of any wrongdoing in granting loans to the Videocon Group. Videocon borrowed â¹40,000 crore from a consortium of banks, where ICICI's exposure was â¹3,250 crore based on Credit Committee approval. The bank clarified that Kochhar wasn't the Chairperson of this committee.