ICICI Bank includes 5 bln rupee loan to media company in NPA - CEO

Source : REUTERS
Last Updated: Fri, Oct 26, 2012 08:57 hrs
India's ICICI Bank's new CEO designate Kochhar smiles during a news conference in Mumbai

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.

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