TIL Desk/Business/Mumbai/ Securities market regulator SEBI on Wednesday said that ICICI Bank and its MD and CEO Chanda Kochhar have not filed for any settlement application under the consent mechanism.
“It is hereby clarified that ICICI Bank and Ms. Chanda Kochhar have filed replies to show cause notices issued by SEBI,” the regulator said in a statement on Wednesday.
“It is further clarified that, SEBI has not received any settlement application from ICICI Bank or from any other entity related to the matter.” The clarification comes a day after the private lender denied filing any such application.
The company, however, said on Tuesday that it has submitted its response to the show-cause notice issued by SEBI. “We have submitted our response to the show-cause notice issued by SEBI. We would like to clarify that we have not filed any application for settlement,” ICICI Bank had said in a regulatory filing on Tuesday.
