ICICI Bank drops 2% on probe against Chanda Kochhar

Epic Update ICICI BankEpic Update ICICI Bank

ICICI Bank crashed 2% on Thursday after the board ordered an independent probe against its CEO Chanda Kochhar.
The inquiry, including a forensic audit, will look into a whistle blower’s allegations of violations of the bank’s code of conduct, rules on conflict of interest and any impropriety involving quid pro quo dealings with certain borrowers.
The stock fell 1.72% to hit a low of Rs 380.35 on the BSE this morning.

For Real Time News & Trading Trends Keep Liking Epic Research Private Limited

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Share Button

About the Author

Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300