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ICICI loses ₹12,000cr in value amid probe into Videocon loan
short by Krishna Veera Vanamali / on Monday, 2 April, 2018
ICICI Bank lost as much as ₹12,000 crore in market value on Monday after the CBI initiated a preliminary enquiry into the bank's loan to Videocon. The bank is currently valued at ₹1.66 lakh crore after its shares dropped 7% to a 5-month low. A report alleged that the loan benefitted the ICICI CEO Chanda Kochhar's husband Deepak Kochhar.
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