Tag: ICICI Bank

Cobrapost’s Operation Red Spider: ICICI suspends 18 employees,RBI probing

Sensational exposition of money laundering allegations against three private banks has left out 18 employees of ICICI from the bank, suspending them. Read more

ICICI sells 4 billion Kingfisher loan to Srei Infrastructure Finance

As per latest business report, beleaguered Kingfisher Airlines is seeking repayment of its debts by selling assets held against their loans raising scope of outside investment.

Loosing the hopes of lenders, as per source, one of Kingfisher’s lenders, ICICI Bank has sold about 4 billion rupees of the Kingfisher Airlines’s assets against debts to a debt fund managed by the Kolkata-based Srei Infrastructure Finance on Monday. Read more

Kingfisher Airlines in talks with tenants to avoid exile

Kingfisher Airlines 300x185 Kingfisher Airlines in talks with tenants to avoid exileThe most debt overloaded Kingfisher Airlines whose 23% equity stake is of Banks, is under serious critical situation as all its lenders left out their hands from any assurance in finance to the airlines due to nonpayment of dues for over six months now.

Being afraid of grounding, KFA has decide to meet within next week to lenders, sit together and discussing significant strategies that may prove beneficial for both to salvage their interest in debt ridden company. Read more


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