Srikrishna panel indicts Chanda Kochhar; ICICI Bank to retrieve bonuses from ex CEO

A panel headed by Justice BN Srikrishna has found the actions of ICICI Bank former MD and CEO Chanda Kochhar in the Videocon loan case in violation of the bank’s code of conduct. Following the report, the bank's board has decided to retrieve all bonuses paid to Kochhar from April 2009 till March 2018. ICICI Bank also said the board will treat her separation as 'termination for cause' under their internal policies.