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When allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis first surfaced, the highly respected banker firmly denied all charges of nepotism or any wrongdoing.

It was then alleged that the Videocon group pumped money into NuPower Renewables, a canada goose outlet in toronto firm owned by Deepak Kochhar, Chanda Kochhar’s husband, followed by charges that NuPower got investments of Rs 325 crore from the Mauritius based Firstland Holdings, a company owned by Nishant Kanodia, Essar Group co founder Ravi Ruia’s son in law.

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Following the ICICI Bank canada goose outlet london board’s decision to institute an enquiry by retired Supreme Court Justice B N Srikrishna into the charges, Chanda Kochhar went on leave in May.

On Thursday, ICICI Bank said Justice Srikrishna’s enquiry into Kochhar’s actions will continue and that the benefits canada goose outlet shop owed to her would be subject to the outcome https://www.canadagoosejacketonlines.ca of that probe.

Kochhar’s resignation brings the curtain down at least, for now canada goose outlet on the career of the most influential lady banker in India. The canada goose outlet winnipeg 56 year old banker had helmed ICICI Bank since 2009.

canadian goose jacket „She was a fine banker, she was an intelligent banker and a fine human being. canadian goose jacket

After holding out for so long, and mounting a spirited defence, including insisting there was no malintent or conflict of interest, Chanda Kochhar has quit with immediate effect. Does this negate her earlier protestations of innocence?

I don’t know exactly and I am not qualified to say that. It is like the Securities and Exchange Board of India has a system of when some investigation is on, you come back and you settle it, sort of you pay a penalty, and that does not necessarily mean you are guilty.

I personally think even if she gets exonerated by the committee, if you look at the new trend, the way the regulator is particularly handling the private banks, the possibility of her getting another term was non existing.

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I wish she would have done so (resigned) earlier.

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Only she can answer that, but one way of looking canada goose outlet canada at it is that she was over confident, or the other way to look at it is she underestimated the gravity of the allegations.

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Then things changed for whatever reasons and a new committee was formed with a retired Supreme Court judge going into all those things.

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It will only be a comfort for her if she gets a clean chit from the committee.

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