ICICI Bank NPA

The bank has now raised Rs 3,090 crore by selling stake in its life and general insurance subsidiaries

Analysts on average believe the private lender's PAT could come in between Rs 2,224.8 crore and Rs 2,769.3 crore, up 144 to 205 per cent YoY

The independent audit committee investigating the alleged irregularities in 31 NPA accounts of ICICI Bank has hired a law firm to assist the panel, an official said today. "An independent law firm has been appointed by the audit committee looking into the matter," said a bank official on the condition of anonymity. He said however that as the audit committee comprises the bank's independent directors, the bank is not aware of the name of the law firm hired in this matter that is under investigation. As per reports, law firm Panag & Babu has been roped in by the audit committee. However, when contacted, the firm's spokesperson declined to comment. ICICI Bank said in June that it had received an anonymous complaint which alleged irregularities with respect to 31 borrower accounts, leading to incorrect asset classification. The audit committee of the board of directors of the bank has three members chaired by Uday Chitale, Dileep Choksi (alternate chairperson) and Radhakrishnan ...