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ICICI Bank finds Chanda Kochhar guilty, will take back bonuses paid since 2009

The independent panel headed by Justice BN Srikrishna has found ICICI Bank former head, Chanda Kochhar guilty of violating the bank’s code of conduct. After a due consideration of the enquiry report, the ICICI Bank board has also decided to treat the separation of Kochhar from the bank as 'Termination of cause', which implies the revocation of all her existing and future entitlements such as any unpaid amounts, unpaid bonuses, and medical benefits. The board has also decided to take back all bonuses paid to her from April 2009 until March 2018. 

Read More at Business Today News date : 30 Jan 2019, Wednesday

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