Videocon loan case: Uncertainty to keep ICICI Bank's stocks under stress

What further disturbed investors is that some of the current top brass of the bank and its subsidiary are also named in the FIR

Just when things were looking up for ICICI Bank, the FIR filed by the Central Bureau of Investigation (CBI) against the bank’s former managing director (MD) & chief executive officer (CEO) Chanda Kochhar, her husband Deepak and Venugopal Dhoot, MD of the Videocon group, as well as companies related to them, has unsettled investors. 

Extending the weak trade on Friday, stocks of ICICI Bank and ICICI Prudential Life Insurance (I-Pru Life) came under further pressure on Monday. While I-Pru Life stock was down 2.5 per cent, ICICI Bank’s shares fell about 4 per cent. Analysts say while a large part