India's second largest private lender ICICI Bank on Tuesday confirmed its exposure to the Singapore-based troubled oil trader Hin Leong Trading Pte Ltd (HLT) and said it is taking steps to protect its interest.
FILE PHOTO: A security guard sits outside an ICICI bank branch in Mumbai, India, April 4, 2018. REUTERS/Francis Mascarenhas
“We confirm that the Bank, in the normal course of its business, has exposure to the borrower group in question, is taking due steps to protect its interests, and will appropriately reflect the same in its financial statements, as it would do in respect of all its banking exposures,” ICICI said in a stock exchange filing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India records highest single-day spike in cases since the outbreak beganThe global coronavirus pandemic has brought countries around the world to a standstill. Here's the latest updates on worldwide Covid-19 cases, deaths, government responses, and more.
Read more »
India reports biggest one-day virus spike as lockdown easedIndia has recorded its biggest single-day spike in the number of coronavirus cases as the nationwide lockdown eases to restart some manufacturing and agriculture
Read more »
India reports biggest one-day virus spike as lockdown easedIndia's government has begun loosening one of the world's strictest lockdowns, allowing some manufacturing and agricultural activity to restart Monday. The change took effect as the country recorded its largest single-day spike in coronavirus cases.
Read more »
Coronavirus Fallout: Impact of School Closures on Girls in IndiaAmid the many impacts of implementing the world’s biggest lockdown, India’s cohort of adolescents (aged 10-19)—the largest in the world—face unique challenges as schools close across the country.
Read more »
Stocks Fall As Oil Futures Turn Negative And Lawmakers Fail To Agree On More Stimulus Loan FundingU.S. oil storage tanks are filling up and traders are dumping May futures contracts, which expire tomorrow and are due to be delivered while the country is still on lockdown.
Read more »