Brief: ICICI Bank Says Has Full Confidence, Reposes Full Faith In MD, CEO Kochhar

Videocon Industries (India)

28/03/2018 13:52

March 28 (Reuters) - Icici Bank Ltd  ICBK.NS :
    * REVIEWS BANK'S INTERNAL PROCESS FOR CREDIT APPROVAL
    * SAYS  NO INDIVIDUAL EMPLOYEE, WHATEVER MAY BE HIS OR HER
POSITION, HAS THE ABILITY TO INFLUENCE CREDIT DECISION AT THE
BANK
    * BANK'S SHARE OF BANKING SECTOR'S EXPOSURE TO VIDEOCON
GROUP WAS
LESS THAN 10 PERCENT
    * WAS NOT LEAD BANK TO CONSORTIUM TO VIDEOCON; BANK ONLY
SANCTIONED ITS SHARE OF FACILITIES OF ABOUT 32.50 BILLION RUPEES
    * SAYS  "THERE IS NO QUESTION OF ANY QUID PRO
QUO/NEPOTISM/CONFLICT OF INTEREST AS IS BEING ALLEGED IN VARIOUS
RUMOURS"
    * NONE OF THE INVESTORS OF NUPOWER RENEWABLES ARE BORROWERS
OF
BANK
    * SAYS  "BOARD HAS FULL CONFIDENCE AND REPOSES FULL FAITH IN
BANK'S MD&CEO CHANDA KOCHHAR"

Source text: http://bit.ly/2Gi9gtr
Further company coverage:  ICBK.NS 

 ((Reuters.Briefs@thomsonreuters.com;))