ICICI Bank shares surge 8% after clarification on bad loans
ICICI Bank's shares surged as much as 8.6% on Thursday after the lender clarified that it has made full disclosures about its bad loans in its annual report, investor presentations and analyst calls. The bank further said it classifies bad loans and makes provisions as per RBI guidelines. The bank's accounts are audited by "reputed statutory auditors", ICICI Bank added.