ICICI Bank steps up defence of Chanda Kochhar in Videocon loan case

Shriram Subramanian, founder and managing director at InGovern Research, said a board verification is not enough. “If the allegations are true, then the lack of disclosures of related party transactions is a big corporate governance lapse. In such cases, all the board members become yes men. There is a need for an independent third-party verification and also for ICICI Bank to come clean on disclosures,”