Mumbai ATM Scams: ICICI Bank Secures Rs 9.5 Lakh Recovered from International Scam

10 Nov 2024

In a recent court decision, ICICI Bank was granted permission to claim over INR 9.51 lakh recovered from three Romanian nationals involved in widespread ATM fraud. The decision, issued by a sessions court, overturned an earlier ruling by the metropolitan magistrate court in Kurla, Mumbai, which had denied the bank’s...

SEBI Chairperson Madhabi Puri Buch and Husband Call Allegations ‘False and Malicious’

13 Sep 2024

In response to recent allegations, SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch have categorically denied all claims against them, describing them as "false, incorrect, malicious, and motivated." The couple released a detailed six-page joint statement on Friday, addressing the allegations surrounding their Income Tax Returns. SEBI Chairperson...

RBI Imposes Monetary Penalty on ICICI Bank and YES Bank for Rule Violations

27 May 2024

On May 27, the Reserve Bank of India (RBI) announced a monetary penalty on ICICI Bank and YES Bank due to rule violations. ICICI Bank was fined Rs 1 crore for sanctioning term loans to certain entities to replace budgetary resources for specific projects without proper due diligence. The bank...

ICICI Bank Issues Warning On ‘Customer Service Frauds’: Tips To Spot Scams

16 May 2024

ICICI Bank has issued a cautionary notice to its customers, highlighting the importance of being vigilant regarding Interactive Voice Response (IVR) calls. The bank has pointed out instances where cybercriminals have used pre-recorded voice messages to deceive customers, prompting them to disclose sensitive information or access accounts by pressing specific...

HDFC Bank Greenlights Rs 60,000 Crore Fundraising Through Debt Instruments

21 Apr 2024

HDFC Bank has unveiled its strategy to raise Rs 60,000 crore through a variety of debt instruments. The decision came following the approval granted during the Board of Directors meeting held on Saturday. The board greenlit the "annual renewal of issuance of Long-Term Bonds (for Infrastructure and Affordable Housing financing),...

Chanda Kochhar, 10 others accused of ‘cheating’ private company

28 Dec 2023

In the nation's capital, a case has been filed against Chanda Kochhar, the former managing director and CEO of ICICI Bank, charging her and ten other people with defrauding a private company and causing a loss of Rs 27 crores. On December 20, the Delhi Police's Economic Offence Wing filed...

Indian stocks marginally increase on Wednesday at the opening bell

22 Nov 2023

At the opening bell on Wednesday, the Indian stock indexes were slightly higher. The overnight losses in the US global benchmark market probably restricted the upside. The Indian Sensex and Nifty indices were up about 0.1% and 0.7%, respectively, from their closing at 9:35 a.m. Sectoral index movement this morning...

Bombay High Court grants interim bail to Venugopal Dhoot

20 Jan 2023

Bombay High Court grants interim bail to Videocon Group Chairman Venugopal Dhoot in the alleged loan fraud case related to the ICICI Bank.

CBI arrests Videocon Group’s Venugopal Dhoot in ICICI Bank fraud case

26 Dec 2022

The CBI on Monday arrested Videocon Group promoter, Venugopal Dhoot. The arrest has been made after the arrest of former ICICI Bank’s chief executive officer and managing director, Chanda Kochhar, and her husband, Deepak Kochhar, in a case related to the credit facilities extended to the Videocon Group of companies.