INSUBCONTINENT EXCLUSIVE:
The government broke its silence on allegations of conflict of interest involving ICICI Bank executive Chanda Kochhar, saying that the law
Investigations into the matter are on and the findings will be out soon, acting finance minister Piyush Goyal told reporters after a
meeting with bank chiefs in the financial capital Mumbai on Friday
is concerned, the law of the land will take its own course and the processes are already going on both internally in ICICI Bank and
code of conduct and conflict of interest among others
The bank has denied allegations that Chanda Kochhar favoured clients because of their business dealings with her husband Deepak Kochhar,
specifically while sanctioning loans to Videocon Industries
Goyal also said that regulating banks was the job of the Reserve Bank of India (RBI) and the government believes in full autonomy for both
said on being questioned on what action on what had been taken by the government and RBI
