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ICICI Bank's ex-CEO Kochhar appeared for hearing before Sebi on Nov 19

Sources said Kochhar has reiterated her stand to the regulator and had claimed that she adhered to all requisite disclosures

ICICI Bank ex-MD & CEO Chanda Kochhar
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ICICI Bank MD & CEO Chanda Kochhar

Shrimi Choudhary Mumbai
ICICI Bank’s former managing director and chief executive officer Chanda Kochhar appeared for a personal hearing before market regulator Securities and Exchange Board of India (Sebi) on November 19, said sources. The hearing was for the case of alleged disclosure-related violations against her. 
 
Sources say Kochhar limited her submission around the bank’s code of conduct ethics and the loan-approval procedure, which she claimed was immune to the individual interference.
 
“She decided of her own accord to participate and witness the proceeding and accordingly recorded the statement with the regulator,” said another person privy to the development.

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