April 21, 2020

ICICI says has exposure to Singapore oil trading co

ICICI Bank on Tuesday said it is taking steps to protect its interest regarding its exposure to a Singapore-based oil trading company. Crude oil prices have plunged to their historic lows in the wake of the current coronavirus pandemic as demand has been severely hit due to the almost lockdown situation all across the globe.

February 11, 2020

ICICI moves NCLT to get dues from Mercator

ICICI Bank has moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against Mercator Limited for recovering dues. Mercator, once the second-largest private shipping company in India, owes over Rs 50 crore to the banking giant.