ICICI Bank falls for fourth day on loan exposure worries

Reuters Mumbai | Updated on January 24, 2018

ICICI Bank has fallen for a fourth day on loan exposure worries. The share has fallen 1.9 per cent, and is heading for a fourth consecutive daily fall.

Shares of the bank are down 8.6 per cent for the week, the biggest weekly drop since the 8.7 per cent fall in early February and the 9.5 per cent fall in mid-July 2013.

Analysts cite market concerns about ICICI's loan exposure to the property sector.

Shares of property developers and infrastructure companies tumbled on Wednesday on fears about loan repayments.

Worries RBI may not cut rates again this year have also pressured banking shares.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on June 04, 2015
This article is closed for comments.
Please Email the Editor