The disclosure made by a terminated ICICI Bank representative to the Central Bureau of Investigation (CBI) confirms Chanda Kochhar’s violation of bank norms. As per the rep, the bank learned about the termination of loans to Videocon in 2018 when Kochhar responded to a SEBI query. Earlier, Kochhar h…

‘Kochhar disclosed VIL links to husband’s company only after Sebi query’

State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The countrys largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.

SBI seeks buyers for its Rs 96,000 crore distressed loans

The ICICI Bank suffered losses of more than Rs 1,000 crore when credit facilities provided to the Videocon Group turned into non-performing assets (NPAs), according to the CBI’s charge sheet filed against the banks former CEO Chanda Kochhar, her husband Deepak Kochhar, and Videocon founder Venugopal…

Videocon loan led to business loss: ICICI Bank to CBI

The latest decision has been taken after Dhoot failed to pay the fine imposed on him in March by Sebi for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with…

Sebi orders attachment of bank, demat, MF accounts of Videocon’s Dhoot to recover dues

Dhoot was arrested by the Central Bureau of Investigation (CBI) on December 26, 2022, and was granted interim bail by the Bombay High Court on January 20

SC seeks Videocon group founder Venugopal Dhoot’s response on CBI plea

The Bombay High Court had granted interim bail to Videocon group chairman VN Dhoot, who was arrested on December 26, 2022, after he approached the high court days after a division bench granted bail to co-accused Chanda Kochhar and her husband Deepak Kochhar.

Videocon-ICICI loan case: SC agrees to hear CBI plea on HC order granting interim bail to Venugopal Dhoot

Chanda Kochhar, her husband Deepak Kochhar, and Videocon Group’s promoter, V N Dhoot, have been charged in an alleged loan fraud scam case of Rs 3,250 crore, and all three were named in CBI’s 11,000-page chargesheet.

ICICI Bank-Videocon loan case: ICICI tells CBI that Videocon loans caused no wrongful loss

ICICI Bank-Videocon Case: There was no issue of wrongful loss and violation or contravention of rules and policy, the bank said

ICICI Bank says loans to Videocon did not cause any ‘wrongful loss’

ICICI Bank has defended its loans to Videocon Group companies, saying there was “no wrongful loss” to the bank and no violation of rules. The bank has reiterated its stance to the Central Bureau of Investigation regarding former CEO Chanda Kochhar, accused in a chargesheet along with her husband and…

After CBI chargesheet, ICICI maintains Videocon loans caused no wrongful loss

ICICI Bank-Videocon case: Chanda Kochhar reportedly paid tax for family trust after start of CBI probe

Chanda Kochhar, her husband and Videocon Group’s promoter, V N Dhoot, have been charged with corruption in the Rs 3, 250 crore loan fraud scam, and all three were named in CBI’s 11,000-page chargesheet lodged in late March this year.

ICICI Bank loan fraud case: Chanda Kochhar, husband bought flat, worth Rs 5.3 crore, for just Rs 11 lakh, CBI tells court

Hasn't fared well - amongst the low performers

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Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

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Profitability and efficiency haven't been upto the mark

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Not a good time to consider, stock is in the overbought zone

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The stock has a moderate number of red flags

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Videocon Industries Limited offers a range of products across Consumer Electronics and Home Appliances segment. It also operates in Crude oil and Gas, Telecommunication and Power segments.