INSUBCONTINENT EXCLUSIVE:
NEW DELHI: ICICI Bank stock came off 2 per cent on Thursday after the lender raised a red flag on increased regulatory scrutiny and
reputational risks due to the ongoing investigation against CEO Chanda Kocchar
The bank in a filing with the US Securities and Exchange Commission (SEC) has also cautioned that any bank official if found guilty could
adversely impact its operational results and financial condition.
The stock weakened 1.7 per cent to hit a low of Rs 294.05 on the BSE early
investigation to have violated applicable laws or regulations, the bank or individuals associated with the bank could become subject to
bank said in an annual filing to the US securities regulator
