The Reserve Bank of India (RBI) has announced that ICICI Bank has been fined ₹ 12.19 crore for breaching regulations concerning the bank’s directors’ code of conduct and failure to report frauds within the stipulated timeframe. According to the RBI, its inspection reports revealed Continue Reading
In recent developments, customers of SBI and ICICI Bank can now conveniently perform UPI transactions using their RuPay credit cards from these banks. By linking their credit cards to the BHIM app, operated by NPCI, customers can make online payments by scanning the Merchant UPI QR code at any location. This feature is available for […]Continue Reading
Chanda Kochhar, the former CEO of ICICI Bank, and her husband Deepak Kochhar were detained by the CBI on Friday in connection with suspected irregularities in a loan of more than 3,000 crore given to the Videocon Group while she was in charge of the private sector bank. A claim that Chanda Kochhar, 59, had […]Continue Reading