Sanctioned 3,250 Crores As Part Of Consortium’: ICICI Bank Explains Exposure To Videocon Group

ICICI Bank said: “ICICI Bank Board reviews the Bank’s internal processes for credit approval and finds them robust. The Board also expresses and reposes full faith and confidence in its MD & CEO, Ms. Chanda Kochhar.” ICICI Bank in its statement also said that “similar rumours had first surfaced in the mid-2016 and had been appropriately responded to”.

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