ICICI Bank

Crippled by bad loans, ICICI posts first ever loss in 16 years

Hurt by higher provisions for bad loans and bond losses, as well as the ongoing investigation into former Chief Executive Chanda Kochhar, ICICI Bank posted its first loss in 16 years, reporting Rs 1.2 billion in losses for the first fiscal quarter. Jul 28, 2018
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Punjab rules out selling land of loan defaulters

Cooperation Minister Sukhjinder Singh Randhawa said that the government will not sell the land of farmers who have failed to repay their loans. He said that legal action is routine practice for banks. Jul 20, 2018