ICICI

The markets have turned towards the Union Finance Minister for some much needed respite. Expectations are high with regards to Budget 2023 providing a boost to rural consumption that continues to struggle and also simplify taxation norms for the middle class.

According to the CBI, between June 2009 and October 2011, ICICI Bank had sanctioned rupee term loans (RTLs) of Rs 1,875 crore to six companies of Videocon Group for the purpose of enabling them to repay the loans to M/s Videocon Industries Limited. 

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The Flipkart Big Savings Days Sale 2023 began on January 15 at midnight and will end on January 20. The sale will last for a total of six days. From time, bank offers, here's everything you need to know.

A division bench of Justices Revati Mohite Dere and PK Chavan after hearing both Dhoot's lawyer Sandeep Laddha and CBI's counsel Raja Thakare reserved its order on interim relief.

The CBI alleged that ICICI Bank, headed by Chanda Kochhar from 2009 to 2018, sanctioned credit facilities to the tune of Rs 3,250 crore to these companies in violation of norms.

The Bombay High Court granted bail to former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in the ICICI Bank-Videocon loan fraud case. The Kochhars, along with Videocon group founder Venugopal Dhoot, were arrested by the CBI late last month for their alleged roles in the case and the trio is currently in jail under judicial custody.

According to the CBI, a sanctioning committee headed by Chanda Kochhar in 2009 approved a term loan of Rs 300 crore to VIEL in contravention of the rules and policies of the bank by abusing her official position as a public servant.

According to the CBI, a sanctioning committee headed by Chanda Kochhar in 2009 approved a term loan of Rs 300 crore to VIEL in contravention of the rules and policies of the bank by abusing her official position as a public servant.

On Friday, the Kochhars were called to the agency headquarters and arrested after a brief questioning session. The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation.

The 71-year-old was arrested from Mumbai after a brief questioning session on Monday morning, hours before former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were to be produced before a Special Court for a remand hearing

Initially, she enjoyed the full backing of the board but lost support as the list of allegations kept growing, with more names such as an Essar group shell company of the Ruias emerging among those with which the Kochhar family had links.

On Friday, the Kochhars were called to the agency headquarters and arrested after a brief questioning session. The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation.

Digital Rupee or e-Rupee is a form of digital token that represents legal tender. Unlike cryptocurrencies, the digital Rupee is issued in the same denominations as paper currency and coins. Here's everything you need to know about it.

The statement also said that the settlement in RBI money would reduce transaction costs by preempting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk.