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ICICI to recast Rs 1,300-cr loans this quarter to cover GTL, 3i Infotech debt
ICICI Bank, the country’s largest private sector lender, is likely to restructure Rs 1,300 crore of loans in the current January-March quarter. Key accounts expected to be part of the exercise include those of GTL and 3i Infotech. The bank’s net restructured loan portfolio was estimated at Rs 3,070 crore as of December 31. “With respect to GTL, while we understand that some banks
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