ICICI loses â¹12,000cr in value amid probe into Videocon loan
ICICI Bank lost as much as â¹12,000 crore in market value on Monday after the CBI initiated a preliminary enquiry into the bank's loan to Videocon. The bank is currently valued at â¹1.66 lakh crore after its shares dropped 7% to a 5-month low. A report alleged that the loan benefitted the ICICI CEO Chanda Kochhar's husband Deepak Kochhar.