Showing posts with label 5bn loan to media company. Show all posts
Showing posts with label 5bn loan to media company. Show all posts

Sunday, November 4, 2012

ICICI Bank includes Rs 5bn loan to media company in NPA




Reuters : Oct 26,2012


ICICI Bank has included a 5 billion rupee loan to a media company in its July-September non-performing assets breakdown, the CEO of the Indian lender, Chanda Kochhar, said in a conference call after its results.



Although Kochhar did not name the media company, traders widely identified it as Deccan Chronicle Holdings Ltd , estimating the size of the exposure cited by her was similar to the amount they believe ICICI Bank has lent to the company.