After the big Nirav Modi fraud, the next in the line of fire for fraudulent activities in the banking sector has been ICICI Bank’s CEO Chanda Kochhar. Allegations of unlawful loans extended to groups for her own vested interests and involving her family into the bank’s core functioning stand against Kochhar as she completes her term at the bank next year. While the CBI investigates the matter, the verdict of this controversy hangs loose for now.
Most of us have some relationship with one of the most noticeable Indian brands, the ICICI Bank. Be it an account holder, borrower or just an ATM user, the omnipresent bank touches almost all of us in some way or the other. In March 2018, however, most of us were in for a shock! The media carried lead stories of possible ill-governance in running the ICICI Bank’s affairs, and that too by the bank’s CEO, Chanda Kochhar, herself.
What could the developments mean for you and me? At a broad level, if any bank is not run well, there is every possibility that our hard earned savings deposited with the bank may be open to risk. Banks are the arteries of any economy, and any hiccup could entail impairment to the heart of the economic-management of any country.
What is the ruckus?
What is the noise all about? It pertains to allegations of impropriety by ICICI bank’s CEO, Ms Kochhar, in extending loans to some companies, and her family enjoying reciprocal benefits. An investor Arvind Gupta’s blog post in March 2016 and a recent newspaper follow-up investigation report suggested possible conflicts of interest in relation to her husband’s business dealings. It also questioned whether large loans given (recoverability of which is now in doubt) to the Videocon group has been solely guided by commercial principles or otherwise.
هذه القصة مأخوذة من طبعة June 2018 من SOCIETY.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 2018 من SOCIETY.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Ending Is The New Beginning
Pakistani author Sara Naveed writes on what’s considered a minority genre in her home turf. She discusses her love for writing romances…
Writing On A Wet Wall
Sudha Murty Speaks about her avatar as a bestselling children's writer
Three Friends, One Love!
Find out how love for fashion brought three close friends to start the pret label, LoveGen…
Summer Diet For Kids
WITH the arrival of the summer months and rising temperature each passing day, it really becomes a daunting task to keep a strict check on children’s health and maintain a proper check of their food intake.
Real Life Heroes
Raveena Tandon Thadani and Dr Aneel Murarka unveiled the Bharat Prerna Awards magazine amidst much appreciation and applause
Man Of Action
Magna Lounge was buzzing with excitement when the irresistibly hunky actor Vidyut Jammwal, dressed in a maroon body hugging t-shirt and black pants, dropped in to unveil the April 2017 issue of Health & Nutrition, the cover of which he had graced.
Ira
Theatre has never failed Bollywood in providing a continuous and talented supply of actors who have contributed adequately to make every film a delight. One such actor is Ira Dubey, who was born with theatre in her blood, but is now enjoying her stint in films too.
acting matters
you may remember her as the wheelchair bound character opposite amitabh bachchan in the film, te3n, but there is more to the versatile padmavati rao than just that role. find out more…
the leading lady
aishwaryaa rajnikanth dhanush has been appointed as the un women’s advocate for gender equality and women’s empowerment in india. society catches up with the glamorous lady on the high profile opportunity and her other creative undertakings
mother t our lord's bride in white sari!
even as mother teresa got canonised amidst much fanfare recently, here is an interview the selfless and humble nun gave society in december 1982
