You are here: Home » Finance » News » Banks

Rupee pares early losses, down 10 paise at 70.69 against US dollar

Rupee touches fresh low of 70.74 to a dollar despite RBI intervention

Business Standard

ICICI Bank backs Chanda Kochhar's appointment on board of ICICI Securities

Kochhar, the CEO and MD of ICICI Bank, had been sent on leave after the bank appointed former Supreme Court judge B N Srikrishna to probe allegations of conflict of interest against her

Topics
Icici Securities  |  Chanda Kochhar

BS Web Team  |  New Delhi 


ICICI Bank on Thursday voted in favour of appointing Chanda Kochhar to the board of ICICI Securities, according to reports. Kochhar, the CEO and MD of ICICI Bank, had been sent on leave after the bank appointed former Supreme Court judge B N Srikrishna to probe allegations of conflict of interest against her.

ICICI Bank holds a majority 80 per cent stake in ICICI Securities. According to Economic Times, today's vote almost seals Kochhar's position as director at the firm. ALSO READ: ICICI Bank tells Sebi it was unaware of conflict of interest

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, August 30 2018. 17:48 IST

.