Says severe breach of disclosure norms in restructuring of debt
Besides, Kochhar will also have to forgo her unexercised stocks options
On March 28 last year, the board, led by M K Sharma, had said there was no favouritism or conflict of interest in granting loans to Videocon Industries or to any other company by the bank
Mr Jaitley is right to question CBI's adventurism
Currently, the market regulator is conducting adjudication proceedings against both the bank and Kochhar for potential conflict of interest in the business dealings of her husband
On May,'09, Chanda Kochhar took over as ICICI Bank MD and CEO
Committee expected to submit ICICI Bank-Videocon loan case probe report by third week of January
The bank is yet to file an application under its consent mechanism to settle the case
Sources said Kochhar has reiterated her stand to the regulator and had claimed that she adhered to all requisite disclosures
Under the code of conduct, Chanda Kochhar didn't need to disclose third parties' investments in husband's firm, says bank
The coming Tuesday had been set as a date for personal hearing, cross-questioning and recording of her statement
Chanda Kochhar's exit was long overdue
Kochhar got several awards as a leading banker and business leader in India and made it to several global lists including Time Magazine's 2015 list of 100 Most Influential People in the world
Kochhar has been on long leave to facilitate the independent investigation, which is being conducted by former Supreme Court judge B N Srikrishna
She championed many social causes but it was her inspiring rise to the top that was most admired
Kochhar made her reputation of a decisive leader and her style included a punishing work schedule
The bank and Kochhar have been maintaining there has been no regulatory violation on their part and that she was not aware of specific business dealings of her husband
Kochhar has completely denied any knowledge of her husband's dealings with Videocon
Kochhar has also apprised Sebi of the current status of outstanding loans to the Videocon group
Chanda Kochhar is currently under investigation for charges of conflict of interest over a loan given to the Videocon group, which had business dealings with her husband