Amid Videocon loan rumours, ICICI Bank says it has full faith in Kochhar


India's ICICI Bank moved to put to rest rumours that its Chief Executive Chanda Kochhar allegedly favoured Videocon Group in its lending practices, calling the rumours "malicious and unfounded".

The bank's board "has come to the conclusion that there is no question of any quid pro quo/nepotism/conflict of interest as is being alleged in various rumours," the third-biggest Indian lender by assets said in a stock exchange filing on Wednesday. The board has "full confidence and reposes full faith".....

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