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ICICI Bank: No communication from US SEC on CEO allegations

ICICI Bank Ltd. said it has not received "any specific communication" from the U.S. SEC in regard to Managing Director and CEO Chanda Kochhar's alleged connection to an improper loan to Videocon Group.

The BSE had sought clarification from the Indian bank regarding a report that the SEC was looking into the alleged lapses at the bank since it was listed in the U.S. It added that the regulator may also seek further details about the matter from the Securities and Exchange Board of India.

In response, the lender said it regularly engages with regulators, including the U.S. SEC, on a range of matters, but has not been contacted by SEC in regard to the allegations against Kochhar.