Business Standard

Chanda Kochhar asked to reply to Sebi show cause notice by July 10

Kochhar did not respond to the notice by the June 7 deadline

Chanda Kochhar, icici
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Illustration by Ajay Mohanty

Shrimi Choudhary Mumbai
The Securities and Exchange Board of India (Sebi) has set a fresh deadline for ICICI Bank and its managing director and chief executive officer, Chanda Kochhar, to reply to a show-cause notice over alleged violation of listing disclosure norms.

The private sector lender and Kochhar did not respond to the notice by the June 7 deadline, citing lack of documentary proof to support the allegations. Sources said Sebi had provided the lender with relevant documents last week.

The new deadline to respond to the notice is July 10.

The markets regulator served the notice on the bank and its CEO

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