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Chanda Kochhar

Kochhar violated bank’s code of conduct: Srikrishna panel report

New Delhi | An independent enquiry initiated by ICICI Bank has indicted its former CEO Chanda Kochhar of violation of the bank’s code of conduct.

The enquiry report submitted by Justice (Retd) B N Srikrishna on Wednesday concluded that there was a lack of diligence with respect to annual disclosures and violation of the code of conduct, on her part.

The board of the bank based on the report has decided to treat her resignation as Termination for Cause’ under the bank’s internal policies.

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