.
Chanda Kochhar Money Trail-VII: The mom & pop shop that Kochhar-Advani fam built (IANS Exclusive)
Chanda Kochhar Money Trail-VII: The mom & pop shop that Kochhar-Advani fam built (IANS Exclusive)

Photo Credit: IANS

IANS

New Delhi, May 16 (IANS) The cosy Kochhar-Videocon deal smacks of absolute cronyism, more so because Chanda was on the credit committee, which cleared the loan, instead of maintaining an arm's length, which makes it even more questionable. What about firewalls and other governance issues that this raised? Or they don't apply to private banks and their CEOs? Are they then a law onto themselves? Shouldn't she have recused herself, like judges do these days, isn't there a clear conflict of interest? And what was RBI doing, was it asleep on the wheel?

To get full access of the story, click here to subscribe to IANS News Service

© 2019 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.

For news, views and gossips, follow IANS at Twitter.

Update: 16-May-2019

RELATED TOPICS

NATION



© 2019 IANS India Private Limited.
Don't forget to bookmark us! (CTRL-D)
Site designed by IANS