India's ICICI Bank confirms exposure to troubled oil trader Hin Leong

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India's second largest private lender ICICI Bank on Tuesday confirmed its exposure to the Singapore-based troubled oil trader Hin Leong Trading Pte Ltd (HLT) and said it is taking steps to protect its interest.

FILE PHOTO: A security guard sits outside an ICICI bank branch in Mumbai, India, April 4, 2018. REUTERS/Francis Mascarenhas

“We confirm that the Bank, in the normal course of its business, has exposure to the borrower group in question, is taking due steps to protect its interests, and will appropriately reflect the same in its financial statements, as it would do in respect of all its banking exposures,” ICICI said in a stock exchange filing.

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