Malicious rumours’: ICICI Bank backs CEO Chanda Kochhar over nepotism claims

Multiple reports circulated in online blogs and social media in India last week, alluding to alleged conflict of interest in ICICI’s lending to Videocon, alleging that the conglomerate was favoured by the bank’s CEO.
ICICI Bank board has said it had full faith in its managing director and CEO Chanda Kochhar and described as “malicious rumours” reports of wrongdoing in granting loans to the Videocon group.