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
An aerial view of Kibera slums in Nairob

Kenya's new highway bulldozes into 30,000 homes

The Kenya Urban Roads Authority demolished 30,000 homes as well as two schools to make way for a new $20 million dual carriageway in Nairobi, claiming the inhabitants were all staying illegally. Jul 24, 2018
indian farmer, farm loan waiver, up govt waives farm loans, bjp kisan morcha, congress govt, bank loans, rbi governor urjit patel

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