Stocks

ICICI Bank scrip down over 7% on reports of exposure to troubled Singapore oil-trading company

Our Bureau Mumbai | Updated on April 21, 2020 Published on April 21, 2020

S&P Global Ratings has revised the rating outlooks on Axis Bank and ICICI Bank to negative from stable   -  REUTERS

ICICI Bank scrip was trading over 7 per cent down on Tuesday after reports of its $100 million exposure to troubled Singapore oil-trading company Hin Leong Trading Pte Ltd.

The bank’s scrip was down 7.41 per cent at ₹335.15 apiece on BSE in intraday trade.

BSE has also asked for a clarification from the bank on the reports.

 

The bank has issued notices to impound two vessels operated by Ocean Tankers, which is a unit of HLT.

Published on April 21, 2020
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