US gold futures were up 0.1 per cent at $1,200.40 an ounce.
Gold Fundamentals Reports
Spot gold had risen 0.2 per cent to $1,196.21 as of 0057 GMT. On Wednesday, the metal touched its lowest since September 11 at $1,190.93 an ounce.
ICICI Bank Statement
ICICI Board Is Said to Be Divided Over CEO Kochhar’s Future
Gold Silver Reports – ICICI Board Is Said to Be Divided Over CEO Kochhar’s Future — The board of India’s ICICI Bank Ltd., which less than two weeks earlier expressed full faith in Chief Executive Officer Chanda Kochhar, is divided over whether to ask her to step down as federal authorities investigate allegations of impropriety over loans made to Videocon group, people with knowledge of the matter said.
Questions Yet To Be Fully Answered By ICICI Bank
Gold Silver Reports (GSR) – Questions Yet To Be Fully Answered By ICICI Bank — Towards the end of his brief statement, which mirrored the ICICI Bank board’s press statement issued yesterday, ICICI Bank Chairman MK Sharma listed a few questions received by bank from various media and offered some responses.
Need More Clarification On The Videocon Transaction, Says Hemindra Hazari
Gold Silver Reports (GSR) — Need More Clarification On The Videocon Transaction, Says Hemindra Hazari — The main question is “whether the board was aware that Chanda Kochhar’s husband has business dealings with the Videocon group,” said Independent Banking Analyst Hemindra Hazari.
Need More Clarification, Says Hemindra Hazari
Gold Silver Reports (GSR) – Need More Clarification, Says Hemindra Hazari — The main question is “whether the board was aware that Chanda Kochhar’s husband has business dealings with the Videocon group,” said Independent Banking Analyst Hemindra Hazari.
Chanda Kochhar Was On Committee That Approved Loan To Videocon Group, Says MK Sharma
Gold Silver Reports (GSR) – Chanda Kochhar Was On Committee That Approved Loan To Videocon Group, Says MK Sharma — MK Sharma said that CEO Chanda Kochhar was not the chairperson of the committee that sanctioned the loan to Videocon Group. He added that the bank did not see any conflict of interest and that Kochhar has been making all disclosures in accordance with regulations.
ICICI Bank On NuPower Renewables Founded By Deepak Kochhar
Gold Silver Reports (GSR) — ICICI Bank On NuPower Renewables Founded By Deepak Kochhar — The Bank desires to clarify that none of the investors of NuPower Renewables are borrowers of ICICI Bank. ICICI Bank Statement