March 21, 2018 / 11:04 AM / 4 months ago

BRIEF-Axis Bank Has 92.22 Bln Rupees Of Non Fund Based Exposure To Telecom Sector As Of Dec. 31, 2017

March 21 (Reuters) - Axis Bank Ltd:

* CLARIFIES ON REPORTS REFERRING TO BANK GUARANTEE ISSUED TO CERTAIN TELECOM COMPANIES

* SAYS “THE ‍SAID BANK GUARANTEE HAS BEEN ISSUED BY BANK ON BEHALF OF BHARTI AIRTEL LIMITED.”

* SAYS BANK “HAS NO EXPOSURE TO AIRCEL”

* HAS 92.22 BILLION RUPEES OF NON FUND BASED EXPOSURE TO TELECOM SECTOR AS OF DEC. 31, 2017

* SAYS ‍HAS BEEN INFORMED THAT TELECOM DISPUTES SETTLEMENT AND APPELLATE TRIBUNAL​ ORDER IS OPERATIVE Source text - bit.ly/2GPf6Do 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