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Private lender ICICI Bank postponed its annual general meeting on Monday. (PTI) The private sector lender, ICICI Bank, has postponed its annual general meeting (AGM) for more than a month to September 12. The AGA was scheduled for August 10th.
"We wish to refer to our letter dated July 13, 2018, indicating the revised annual general meeting (AGM) of September 12, 2018 and the revised closing dates of the book between August 28, 2018 and September 12 2018 (both days included), "said the lender in a regulatory file, adding," We wish to update that the modification of the date of the AGM and the changes of registration dates have been necessary because of schedule of general meetings within listed entities of ICICI Group. "
The bank commissioned an investigation allegations of quid pro quo and conflict of interest against the CEO and CEO, Chanda Kochhar, regarding loans to certain groups of companies. The investigation committee is headed by former Supreme Court Justice BN Srikrishna. Last month, the bank said an anonymous complaint received in March 2018 allegations of improprieties in the conduct of 31 loan accounts with an outstanding Rs 6082 crore, accounting for more than 1% of the bank's gross loans, including included an incorrect badet clbadification charge.
An investigation conducted under the supervision of the audit committee of the bank's board of directors found that, in some of these accounts, transactions had delayed their clbadification as non-current badets. Productive (NPA). shares ended at Rs 259.30 on Monday, down 3.3% from yesterday's close.
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