Chanda Kochhar reappointed director

Chanda Kochhar has got back as a director on the board of ICICI Securities with ICICI Bank that has a stake of 79.22 percent in the broking and investment banking entity. 100 percent of the votes of the promoter group were in favour of Ms.Kochhars appointment, 26.35 percent were against the resolution.In all 97.68 percent of the votes cast were in her favour.

She is currently on leave as she is in the midst of a probe by ICICI Bank and she is facing several allegations. The Bank has set up a panel with former Supreme Court judge B.N.Srikrishna to probe into the matter.