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Banking Ombudsman is a quasi-judicial authority created in 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks. The Banking Ombudsman Scheme was first introduced in India in 1995 and was revised in 2002.
Chanda Kochhar (née Advani, born 17 November 1961) is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 [ 1 ] She resigned from her positions in 2018 due a case of conflict of interest. [ 2 ]
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
[3] [4] [5] Prior to this, he was the managing director and CEO of ICICI Prudential Life Insurance from August 2010 to June 2018 [4] and MD and CEO for ICICI Lombard General Insurance Company in April 2002. [6] In August 2019 he was reported to be one of the highest paid CEOs of any Indian bank with a monthly salary of ₹ 22 lakh (US$26,000). [7]
The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹ 3,250 crore (US$696.34 million) loan to Venugopal Dhoot's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal gratification and undue benefit received in NuPower ...
Ernst & Young Entrepreneur of the Year, 2022. V. Vaidyanathan (born 2 January 1968) is an Indian banker who is the Managing Director and Chief Executive Officer (CEO) of IDFC First Bank, [2] formed after the merger of IDFC Bank and Capital First. Prior to assuming this role, he held the position of Chief Executive Officer at ICICI Prudential ...
The Banking Ombudsman Scheme has been formulated by the Reserve Bank of India (RBI) for effective addressing of complaints by bank customers. The RBI controls the monetary supply, monitors economic indicators like the gross domestic product and has to decide the design of the rupee banknotes as well as coins. [ 64 ]
Indian Banks' Association. The Indian Banks' Association (IBA), formed on (26 September 1946), is an unregistered, voluntary association of like-minded banks and individuals in India [1] —a representative body of Indian banks and financial institutions based in Mumbai. [2] With an initial membership of 22 banks in India in 1946, IBA currently ...