ICICI Bank drops 2% on probe against Chanda Kochhar

INSUBCONTINENT EXCLUSIVE:
ICICI Bank crashed 2 per cent on Thursday after the board ordered an independent probe against its CEO Chanda Kochhar
conflict of interest and any impropriety involving quid pro quo dealings with certain borrowers
further actions on the matter
The committee will appoint the head of the investigation, determine the terms of reference and the period covered
The audit committee will also help with the required independent legal and other professional support.