ICICI Bank’s former managing director and chief executive officer (MD and CEO), Chanda Kochhar, has sought more time to appear before the Securities and Exchange Board of India (Sebi) for a personal hearing, said a source in the know.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct. The issue is not disclosing a potential conflict of interest arising out of business dealings between ICICI Bank when she was its MD & CEO, Videocon Industries and her husband, Deepak Kochhar’s Nupower Renewables.
The coming Tuesday had been set as
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct. The issue is not disclosing a potential conflict of interest arising out of business dealings between ICICI Bank when she was its MD & CEO, Videocon Industries and her husband, Deepak Kochhar’s Nupower Renewables.
The coming Tuesday had been set as