August 9, 2018 / 5:09 AM / 4 months ago

BUZZ-India's ICICI Bank climbs; responds to report on accounting policy change

** Shares of India’s third-biggest lender by assets ICICI Bank Ltd gain as much as 5 pct to 334.9 rupees, highest since Feb. 8

** In response to a media report here on Tuesday that said ICICI masked its bad loans via change in accounting policy, the company said on Wednesday it had made full disclosure in its annual report, investor presentations and analysts calls

** Allegations come at a time when long-serving Chief Executive Officer Chanda Kochhar is on leave pending the completion of a probe into alleged nepotism charges against her

** More than 20 mln shares traded as of 0447 GMT, compared with 30-day avg of 21.9 mln

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