News mentions for Chanda Kochhar surge amid Videocon loan controversy
Chanda Kochhar, managing director and chief executive officer, ICICI Bank, has been in the news lately after a controversy erupted over a conflict of interest in loan approved to the Videocon Group. There were reports in the media that Chanda Kochhar allegedly favored Videocon Group while granting Rs 3,250 crore loan.
However, ICICI Bank board termed the allegations as “malicious and unfounded” against its MD and CEO and reposed faith and confidence in Chanda Kochhar.
As the name of Chanda Kochhar cropped up in the Videocon loan controversy, news mentions for ICICI Bank chief surged towards the end of March.
Mentions for Chanda Kochhar in news titles also jumped towards the end of March.
A surge in news mentions for Chanda Kochhar has also lifted the KMP (key management personnel) news coverage ratio for ICICI Bank CEO to 40% in March 2018 from 12% in the previous month.
Negative media coverage highlighting Videocon loan controversy weighed on the bank’s news sentiment score towards the end of March.
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