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The ICICI bank has approached the Bombay High Court seeking effect to "termination of appointment" of Chanda Kochhar as its Managing Director and CEO, and also sought recovery of various amounts from her.
In a monetary suit filed on 10 January, the bank sought dismissal of Kochhar's petition and stated that the issue can be decided in a commercial suit.
"ICICI has filed a suit seeking recovery of amounts towards the claw back of bonuses given to the petitioner (Kochhar) from April 2006 to March 2018 pursuant to the termination of the petitioner's services," the bank said in its affidavit.
A clawback is a provision in which incentive-based pay, like a bonus, is taken back from an employee by an employer following misconduct or declining profits.
If there is one thing we both are truly passionate about, it is the urge to travel and explore every corner of the world.
While this sounds fantastic, it has its bouquets and brickbats. Whenever we choose a destination for a holiday, we spend a significant amount of time researching about its history, the culture, the local cuisine, the kind of people we will be interacting with, modes of transport available and most importantly, the budget for the trip.
A lot of you keep asking us about how to plan a perfect trip so here is our take on it. 🙂
For us, it’s essential that we maintain a little travel notebook to jot down every expense. This helps us keep track of our budget. Another important thing is right investments. We have invested our money in a ULIP plan - ICICI Pru LifeTime Classic from @iciciprulifeofficial.
The plan helps us grow our money for our long term travel goals and also supports our short term goals through tax savings up to Rs.46,800/- under section 80C.
Along with this, the plan also secures our loved ones with a life cover so that we can keep exploring the world without a worry. 💜💜
Know more: http://bit.ly/35cQM92 or click the link in the bio.
#BreathtakingPostcards is what it is because of Arindam's undying love for photography and my passion for writing and literature.
It's been almost 3 years and each day, we have learnt something new. We keep making mistakes and we still feel there is a long way to go. One of the most important things that we have learnt, is to make maximum use of our photography gear. We own a professional DSLR, a GoPro and a DJI Mavic Air Drone. All these equipment’s as you know need constant upgradation or add-ons.
While all this is amazing, there is also a cost to it. In the last 3 years, we have worked extremely hard to be able to produce content for all our audiences. Hence what is important for us is, to not only invest in these equipment’s, but also save enough money for the trips that we make. So, after a bit of research we invested in LifeTime Classic from @iciciprulifeofficial.
The plan helps us grow our money for us to fund few of our dream destinations and helps us financially secure our loved ones. Not only that, with tax savings of up to 46,800 we can upgrade our travel gears too.
How do you fund your travel dreams?
Know more: http://bit.ly/36N2adk or (click the link in our bio). #photooftheday#bankingadvice#travelblog #iciciprudential#financialfreedom#travelblogger#travelcouple#financialadvisor#futureplanning#travellingthroughtheworld#letsgoeverywhere
8 1,15618 December, 2019
We truly believe it is important to have a hobby along with your daily routine. A passion that helps you relax and recharge. It's something you look forward to after spending hours at the office. 🏖️
However, in today's world, any passion you wish to follow requires you to spend a considerable amount of your valuable time and money into it. To sustain our travel adventures throughout the year, we ensure to keep a tab on finances right from the start of the year. In fact, now that 2020 is here, we have already started making a plan for all the destinations, we wish to explore along with the finances to fund these trips.
To prepare a robust financial plan for the New Year, we did a bit of research and stumbled upon ICICI Pru LifeTime Classic plan from @iciciprulifeofficial. This plan suits all our needs - be it tax saving or growing my money. It also provides us with the flexibility to choose from the mix of equity and debt. All this, along with a life cover for our loved ones, makes this plan a perfect fit in my financial portfolio. It gives us the freedom and security to follow our passion.
Now, we can be the explorer, and the world is our oyster!
Know more: http://bit.ly/2texqU3 or click the link in the bio.