To what extent does the ICICI-Chanda Kochhar case uncover the vulnerabilities of the Indian banking industry and emphasize the requirement for greater regulation, compliance and transparency?

Sohaanii Kishore

ICICI Bank, Chanda Kochhar, Videocon, Financial fraud, Regulation, Corporate Governance

The Indian Banking Industry plays a crucial role in facilitating credit, investment, and infrastructure, especially in a middle-income economy like India. The industry is made of a vast network of banks one of the prominent ones being ICICI Bank. Chanda Kochhar is a popular name in the Indian banking industry - she has been linked with ICICI Bank from as long back as 1984 and also served as the CEO between 2009 and 2018. Whilst Kochhar made remarkable strides during her time at ICICI for which she garnered both national and international credit, unfortunately, her reign came to an end when allegations against her, along the lines of conflict of interest and quid pro quo, came to the surface. This research paper analyses the ICICI Bank-Chanda Kochhar case focusing on the misconduct and lack of abidance of regulations and corporate governance by Kochhar by failure to mention the connection between Videocon’s promoter, Venugopal Dhoot, and her husband Deepak Kochhar during the approval of a loan to the former company. The paper also evaluates the implications of this case for the Indian banking industry and how it highlighted a need for greater regulation, compliance and transparency.

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"To what extent does the ICICI-Chanda Kochhar case uncover the vulnerabilities of the Indian banking industry and emphasize the requirement for greater regulation, compliance and transparency?", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 10, page no.c160-c167, October-2024, Available :https://ijnrd.org/papers/IJNRD2410225.pdf

Volume 9 Issue 10, October-2024

Pages : c160-c167

Paper Reg. ID: IJNRD_301408

Published Paper Id: IJNRD2410225

Downloads: 00022

Research Area: Social Science All

Country: Delhi, Delhi, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2410225

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2410225

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

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