Thursday, January 12, 2023

How ICICI Bank burned an $850 million hole with wrong bet on Australian coal mine

How ICICI Bank burned an $850 million hole with wrong bet on Australian coal mine Three other Indian banks also put money on the table for the acquisition of the Griffin Coal mine by Lanco, which went bankrupt. The loans turned bad in 2017 and ICICI Bank claims it as fully provided for in FY18.

from Moneycontrol Business News https://ift.tt/Gzv9ZJQ
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