The Kochhars were said to have been questioned about their personal and official dealings with the Videocon group.Their statement was recorded under the Prevention of Money Laundering Act (PMLA) by the investigating officer of the case
ICICI Bank (IBL) reported its 4QFY19 results with the key pointers being: (1) Gross slippage was Rs 35.47bn in 4QFY19 compared with an 8-quarter average of Rs 80.46bn till 4QFY18, indicating IBL continues to see a lower slippage regime.
ICICI Bank Ltd reported Q4FY19 numbers largely inline with our/market expectations on the net revenue front; however, aggressive provisioning and higher than expected operating expenditure dented PAT significantly.
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