May 7, 2018 / 1:20 PM / 6 months ago

BRIEF-ICICI Bank CEO: A Lot of Stressed Loans Recognised Already, Focus On Resolution

May 7 (Reuters) - ICICI Bank Ltd Chief Executive Chanda Kochhar On Earnings Call:

* GOING FORWARD FOCUS WILL BE ON RESOLUTION

* BOARD WILL MEET ON TUESDAY FOR STRATEGY AND BUDGET PLANNING

* BOARD DID NOT DISCUSS VIDEOCON LOAN ISSUE IN MONDAY’S MEETING

* TOTAL EXPOSURE TO BORROWERS SENT TO BANKRUPTCY COURT ABOUT 152 BILLION RUPEES, HAVE 50 PERCENT PROVISION COVER ON THOSE LOANS

* GOVERNMENT NOMINEE DIRECTOR ON BOARD WAS NOT ABLE TO ATTEND MONDAY’S MEETING Further company coverage: (Mumbai Newsroom)

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