ICICI Bank stock down 3 pc on SFIO probe
Shares of ICICI Bank today slumped nearly 3 per cent as the bank's senior officials were summoned by the Serious Fraud Investigation Office (SFIO) with regard to the PNB scam.
On BSE, ICICI Bank stock ended the day at Rs 286.70, down 2.85 per cent from the previous close. During the day, it had touched a high of Rs 294 and a low of Rs 285.30.
On NSE, the shares plunged 2.46 per cent to settle at Rs 287.80. The stock had touched a high of Rs 293.80 and a low of Rs 285.35 in the intra-day trade.
On the volume front, 14.29 lakh shares of the bank changed hand on BSE and 3.15 crore shares changed hands on NSE.
Senior officials from private sector lenders ICICI Bank and Axis Bank appeared before SFIO yesterday with regard to a probe into the Rs 12,636-crore PNB swindle.
Meanwhile, shares of Axis Bank, which has Rs 200-crore exposure to the scam-tainted companies promoted by Nirav Modi and his uncle Mehul Choksi, fell 0.77 per cent per cent to Rs 512.80 on BSE and 0.42 per cent to Rs 515.20 on NSE.
SFIO has sought information on the accounts of Nirav Modi and Gitanjali groups of companies.
"ICICI Bank has no exposure to the Nirav Modi group of companies, nor has it issued any LoU; nor has any buyer's credit exposure against LoUs with respect to the Nirav Modi group of companies as well as the Gitanjali group of companies," the ICICI Bank response said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.