After massive setback, ex ICICI Bank CEO Chanda Kochhar on Wednesday said that none of the credit decisions at the bank were unilateral. CHanda Kochhar`s reaction comes after Justice Srikrishna Committee indicted her for violation of bank`s code of conduct and conflict of interest duties in the controversial Rs 3,250-crore loan for the Videocon Group, a part of which went to a company run by her husband Deepak, that will cost her various financial benefits.

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In a statement issued on Wednesday evening she said: "I am utterly disappointed, hurt and shocked by the decision. I have not been given a copy of the report. I reiterate that none of the credit decisions at the bank are unilateral. "ICICI is an institution with established robust processes and systems which involve committee-based collective decision-making with several professionals of high calibre participating in the decision-making."

"Hence the organization design and structure obviate the possibility of conflict of interest."