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

1 Min Read

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:

Our Standards:The Thomson Reuters Trust Principles.

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