March 29, 2018 / 9:38 AM / 5 months ago

BRIEF-ICICI Bank Says RBI Imposed Penalty On Bank For Continued Sale Of Govt Securities Classified As HTM‍​

March 29 (Reuters) - ICICI Bank Ltd:

* SAYS RBI HAS IMPOSED A PENALTY ON BANK FOR CONTINUED SALE OF GOVERNMENT SECURITIES CLASSIFIED AS HTM‍​

* SAYS CONTINUED WITH SALES FROM HTM CATEGORY FOR A FEW WEEKS DURING QUARTER ENDED MARCH 2017

* SAYS CONTINUED SALES "DUE TO GENUINE MISUNDERSTANDING ON TIMING OF APPLICABILITY OF RBI'S DIRECTION IN THIS MATTER" Source text: bit.ly/2IdCie7 Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below