Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : ICICI Bank Ltd - (Nyse: IBN) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4)	3/27/2000 3:48:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 15

ICICI Bank puts Rs 13.5 cr ($3 mln) aside for NPAs Our Banking Bureau in Mumbai ICICI Bank has made additional provisions of Rs 13.5 crore or $3 million under the US generally accepted accounting practices (GAAP) in respect of certain new accounts being identified as non-performing loans in the current quarter (January-March 2000). This decision had been taken at a board meeting of the bank on March 14, ICICI Bank said in a press release. The bank is in the final lap of its roadshows to raise $175 million through the issue of American Depository Shares (ADS), with pricing set for Monday night (in the US) and trading slated to behin on the New York Stock Exchange on Tuesday. business-standard.com