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Chanda stays on leave, COO gets ICICI charge
Sandeep Bakhshi and Chanda Kochhar (R)

Chanda stays on leave, COO gets ICICI charge

Bakhshi to head in absence of beleaguered CEO19 Jun 2018 | 1:49 AM

NEW DELHI:ICICI Bank on Monday announced that its CEO Chanda Kochhar would be on leave till the completion of internal inquiry against her in the Videocon loan matter and named Sandeep Bakhshi as Chief Operating Officer (COO), who would be handling all the businesses.

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New Delhi, June 18

ICICI Bank on Monday announced that its CEO Chanda Kochhar would be on leave till the completion of internal inquiry against her in the Videocon loan matter and named Sandeep Bakhshi as Chief Operating Officer (COO), who would be handling all the businesses.

In a significant development, Bakhshi, who is currently MD and CEO of ICICI Prudential Life Insurance, would take over as the bank’s COO on June 19, subject to various approvals.

In line with the highest levels of governance and corporate standards, Kochhar has decided to go on leave till the completion of the inquiry as announced on May 30, the bank said in a filing.

“Bakhshi will be responsible for handling all the businesses and corporate centre functions at the bank. All executive directors on the board of ICICI Bank and the executive management will report to him.

“Bakhshi will report to Chanda Kochhar, who will continue in her role as MD and CEO of ICICI Bank,” the filing said. During Kochhar’s period of leave, Bakhshi would report to the board. She is already on a planned leave.

Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to the Videocon group. 

Last month, the bank had announced an independent inquiry into the allegations against Kochhar following a complaint from a whistleblower. The bank’s board also recommended the appointment of NS Kannan as MD and CEO of ICICI Prudential Life Insurance Company. — PTI

Sangrur’s Eliza topper in AIIMS exam

Sangrur’s Eliza topper in AIIMS exam

19 Jun 2018 | 1:49 AM

PANCHKULA:Sangrur girl Eliza on Monday aced the All India Institute of Medical Sciences (AIIMS) MBBS entrance examination, even as students from Punjab and Haryana bagged the top four positions.

Robbers kill 2 at Patiala highway petrol station, flee with  Rs 11,000

Robbers kill 2 at Patiala highway petrol station, flee with Rs 11,000

19 Jun 2018 | 2:14 AM

PATIALA:Three robbers on a bike shot dead two persons at a petrol station on the Patiala-Rajpura highway late Sunday night and decamped with Rs 11,000.

Audi boss held in ‘dieselgate’ emissions case

Audi boss held in ‘dieselgate’ emissions case

19 Jun 2018 | 1:49 AM

FRANKFURT:Audi chief executive Rupert Stadler was arrested on Monday in connection with parent company Volkswagen’s “dieselgate” emissions cheating scandal, with prosecutors saying they feared he might try to destroy evidence.

Will go by book on next CJI, don’t question intent: Prasad

Will go by book on next CJI, don’t question intent: Prasad

19 Jun 2018 | 1:49 AM

NEW DELHI:Asserting that the intent of the government should not be questioned on the issue of appointment of the next Chief Justice of India (CJI), Union Law Minister Ravi Shankar Prasad on Monday said the Centre would follow the convention.

Rift over truce: BJP summons J&K ministers

19 Jun 2018 | 1:49 AM

JAMMU:Amid reports of serious differences between the PDP and BJP over the Centre’s decision not to extend the unilateral Ramzan truce, the saffron party’s central leadership has summoned its ministers and senior leaders from Jammu and Kashmir to Delhi to take a final call on the future of the coalition.

IAS officers open to talks, HC raps Kejri on dharna

IAS officers open to talks, HC raps Kejri on dharna

19 Jun 2018 | 1:49 AM

NEW DELHI:As Chief Minister Arvind Kejriwal’s sit-in at the Lieutenant Governor’s office entered its eighth day, the Delhi Government and its IAS officers on Monday showed signs of thaw, with both sides expressing readiness for talks to end the impasse.

Nirav travelled on cancelled passport despite Interpol alert

Nirav travelled on cancelled passport despite Interpol alert

19 Jun 2018 | 1:49 AM

NEW DELHI:Absconding diamantaire Nirav Modi managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on February 24, the CBI said here today.

Afghan Sikh MP-to-be holds out hope for community

Afghan Sikh MP-to-be holds out hope for community

19 Jun 2018 | 2:37 AM

KABUL:Avtar Singh Khalsa will represent Afghanistan’s tiny Sikh and Hindu minority in the next Parliament, where he says he hopes to serve the entire country.


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Chatter over Pinarayi, Mamata sharing space

Chatter over Pinarayi, Mamata sharing space

19 Jun 2018 | 1:42 AM

NEW DELHI:The picture of West Bengal Chief Minister Mamata Banerjee and Kerala Chief Minister Pinarayi Vijayan rubbing shoulders expressing solidarity with beleaguered Delhi Chief Minister Arvind Kejriwal offered a rare sub-text that may leave the traditional supporters of either parties somewhat confused.

CITY FOCUS

3 in top 10, 6 among 100

3 in top 10, 6 among 100

19 Jun 2018 | 1:56 AM

PANCHKULA: Three students from the tricity have made it to the top 10 in the All India Institute of Medical Sciences (AIIMS) MBBS entrance examination. The results were declared on Monday. A total of six students from the tricity have made it to the top 100 this year. This time, the performance of the tricity is better as compared to last year when only two students had made it to the top 100. In 2016, there were five students among the top 100.

NoPrime Minister Narendra Modi with Chief Minister Capt Amarinder Singh in New Delhi on Monday. PTI

Settle Rs 31,000-cr food account: Capt to PM

19 Jun 2018 | 1:49 AM

NEW DELHI: Punjab Chief Minister Capt Amarinder Singh on Monday sought Prime Minister Narendra Modi’s intervention for settlement of Rs 31,000 crore ‘food account’ against procurement of wheat and paddy, a matter hanging fire for long.

No

Abrupt end to Sidhu’s demolition drive

19 Jun 2018 | 1:49 AM

JALANDHAR: Pressure from within the Congress and the Opposition seems to have finally worked as the demolition drive initiated by Local Bodies Minister Navjot Singh Sidhu in the city on Thursday came to an abrupt end on Monday.

Categorise colonies to help needy: Cong MLA

19 Jun 2018 | 1:49 AM

CHANDIGARH: Amid Local Bodies Minister Navjot Singh Sidhu’s demolition drive, a new demand has come up from Congress quarters for categorisation of illegal colonies as ‘A’, ‘B’ and ‘C’ so as to extend some relaxation to structures that were low-cost and where even the poor could afford to live.

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Haryana poor manager of water resources: Niti Aayog

Haryana poor manager of water resources: Niti Aayog

19 Jun 2018 | 12:39 AM

GURUGRAM: Haryana is one of the poorest manager of water resources and faces the threat of “aqua-calypse”, states the latest report of the Niti Aayog.

Aggressive CM tears into Virbhadra

Aggressive CM tears into Virbhadra

19 Jun 2018 | 12:48 AM

SHIMLA: Adopting a very aggressive posturing, Chief Minister Jai Ram Thakur on Monday lashed out at his political opponents and said he faced no threat from the Congress as Virbhadra Singh was fully occupied with the “Sukhu Hatao” campaign.

Aurangzeb’s sacrifice won’t go in vain, says Army Chief

Aurangzeb’s sacrifice won’t go in vain, says Army Chief

19 Jun 2018 | 12:46 AM

JAMMU/RAJOURI: Two days after the martyred Rifleman Aurangzeb’s father made a passionate appeal to Prime Minister Narendra Modi to avenge his son’s killing, Army Chief General Bipin Rawat on Monday said the supreme sacrifice rendered by “the brave son of India” would not go in vain.

Tollywood’s tryst with U’khand

Tollywood’s tryst with U’khand

19 Jun 2018 | 1:00 AM

DEHRADUN:Following in the footsteps of the Hindi film directors, crew and caste of a Telugu film started shooting a movie in Dehradun on Monday.

Strong tremor jolts Japan’s Osaka; 3 dead, 150 injured

Strong tremor jolts Japan’s Osaka; 3 dead, 150 injured

19 Jun 2018 | 12:47 AM

TOKYO: A magnitude 6.1 earthquake shook Osaka, Japan’s second-biggest metropolis, early on Monday, killing three persons, halting factory lines in an industrial area and bursting water mains, government and company officials said.

Jaitley rules out reduction in excise duty on petrol, diesel

Jaitley rules out reduction in excise duty on petrol, diesel

19 Jun 2018 | 12:45 AM

NEW DELHI:Union Minister Arun Jaitley on Monday urged citizens to pay their due share of taxes “honestly” to reduce dependence on oil as a revenue source, and virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive.

NoA football enthusiast trains in Srinagar as FIFA fever grips the country. PTI

India skipped FIFA World Cup in 1950

19 Jun 2018 | 2:19 AM

CHANDIGARH:How Indian football fans wish their team played in the FIFA World Cup? Will that day ever come? No one knows, but rest assured, there is no hope anytime soon.

No

Koepka wins back-to-back titles

19 Jun 2018 | 2:19 AM

NEW YORK:American Brooks Koepka putted brilliantly to win the US Open by one stroke at Shinnecock Hills on Sunday, becoming the first player in almost 30 years to successfully defend his title.

No

Ball-tampering hearing scheduled after Chandimal denies charge

19 Jun 2018 | 2:19 AM

DUBAI:Sri Lanka captain Dinesh Chandimal has pleaded not guilty to ball-tampering charges, prompting a hearing into the episode after the conclusion of the ongoing second Test against West Indies, International Cricket Council (ICC) has said.

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Mind, body and soul

Mind, body and soul

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Escorting market to the farm

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Intern, in return reap benefits

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13 Jun 2018 | 12:50 AM
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Portrait of a true artist

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    Amit Dutta’s Aadmi ki Aurat Aur Anya Kahaniyan (2009), which is fast becoming a landmark in Indian cinema, has a section called Adam ki Aurat based on Vinod Kumar Shukla’s Hindi short story by the same name.

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