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(AFX UK Focus)
2009-11-10 12:31
India's ICICI Bank: bad loans have peaked |
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NEW DELHI, Nov 10 (Reuters) - The chief executive of ICICI Bank, India's second biggest bank, said bad loans had peaked and loan quality should improve. "I think the peak should be behind us," Chanda Kochchar told a conference at the World Economic Forum on Friday, when asked about the bank's non-performing assets, or bad loans.
(Reporting by Devidutta Tripathy and Rajesh Kumar Singh; Editing by John Mair) ((kuncheria.jacob@thomsonreuters.com; +91 11 4178 1007; Reuters Messaging: kuncheria.jacob.reuters.com@reuters.net)) Keywords: INDIA ICICI/NPA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
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