Videocon loan case: ICICI Bank defends ex-CEO Chanda Kochhar before Sebi

Under the code of conduct, Chanda Kochhar didn't need to disclose third parties' investments in husband's firm, says bank

Denying allegations of disclosure-related violations in the ICICI Bank-Videocon case, the private sector lender told the Securities and Exchange Board of India (Sebi) that its code of conduct policy did not mandate disclosure of investments or transactions concerning firms that are owned by a bank employee's spouse. 

The bank's representatives made the statement during the personal hearing called by the market regulator on October 16, regulatory sources said.

A regulatory source said ICICI Bank refuted all charges. The bank claimed that all information that had to be disclosed by former managing director (MD) and chief executive officer (CEO) Chanda