RBI's Approval For Chanda Kochhar's Dismissal In Accordance With Statutory Provisions; Central Bank Tells Bombay HC

The Reserve Bank of India on Thursday told the Bombay High Court that the Central Bank's approval for Chanda Kochhar's termination from ICICI bank as CEO and Managing Director was in accordance with the law.Division bench of Justice Ranjit More and Justice SP Tavade were hearing Kochhar's plea challenging her termination.RBI's counsel, Senior Advocate Venkatesh Dhond submitted an affidavit...