ICICI Bank yet to answer Sebi on queries relating to Chanda Kochhar

Sebi chairman Ajay Tyagi said the regulator is yet to receive reply from ICICI Bank on allegations involving its CEO Chanda Kochhar. The private bank is facing multiple probes into alleged lapses involving Kochhar and her family members with respect to loans extended by the lender to Videocon group.

On a question about whether Sebi was conducting any probe in the alleged violation of code of ethics in ICICI Securities IPO, Tyagi said: “We are looking into that, we have sought some information from them and we are yet to get their reply.”