#videocon group

Too many bosses may spoil a company!

SEBI has been pressing the top 500 companies in India to separate the roles of Chairman and CEO since over a year. The deadline for adherence to this rule has been pushed till 2022.

Are there issues to having one person hold both these titles? Yes, there are. Is there any tangible evidence that shows separating these roles will result in better corporate governance? No, there isn’t.

Why the push, then? How may it affect the internal workings of corporate administration?

Click on the link below to read further.

ICICI Bank Chairman MK Sharma Reiterates Points Made In Yesterday’s Statement Regarding ICICI Bank’s Exposure To Videocon Group.

ICICI Bank Chairman MK Sharma Reiterates Points Made In Yesterday’s Statement Regarding ICICI Bank’s Exposure To Videocon Group.                       

✅ The process adopted by ICICI Bank to sanction loan to Videocon Group

✅ Consortium of 20 banks to Videocon Group aggregating Rs 40,000 cr

✅ ICICI Bank’s exposure to the Videocon Group is part of this facility.

ICICI Bank On Exposure To Videocon Group

ICICI Bank On Exposure To Videocon Group

✅ In 2012 a consortium sanctioned Rs 40,000 crore to Videocon group.

✅ ICICI Bank’s current exposure to Videocon group is part of this arrangement.

✅ ICICI Bank was not the lead bank for this consortium.

✅ It only sanctioned approximately Rs. 3,250 crore based on Credit Committee approval.

✅ Chanda Kochhar was not the Chairperson of this Committee.

✅ Terms…