ICICI Bank loses â¹19,000 crore market cap in 4 days
ICICI Bank's shares have plunged 11% in last 4 sessions, eroding â¹19,066 crore in market capitalisation. This comes after a whistleblower alleged that ICICI inflated profits by at least $1.3 billion over 8 years by delaying provisioning for 31 bad loan accounts. Further, CEO Chanda Kochhar has gone on an indefinite leave pending a probe into the Videocon loan case.