Chanda Kochhar to face upto 25 crore fine

Here is some good news and bad news for ICICI bank CEO Chanda Kochhar. Everyone in the country is now aware of the Videocon scam where the husband of Chanda Kocchar was involved. Thought the bank has initially backed up Chanda Kocchar. The needle of suspicion has slowly turned towards her initiating few probes by the bank as well as by the external agencies such as SEBI. News is that Chanda Kochhar might slip away from the probe of SEBI by paying huge amount of 25 crore rupees as damages. Which means that she won’t either be asked to step down or any legal action would be taken against her!!!