No talks with Nigeria's Spring Bank: ICICI

Lagos: ICICI Bank said on Wednesday it was not in talks with Nigeria's Spring Bank about any investment, denying a statement made a day earlier by the Nigerian lender.

"ICICI Bank is not in discussions with Spring Bank for any investment," a spokesman for the Indian bank said.

Spring Bank said in a statement on Tuesday it was in recapitalisation talks with several possible investors including ICICI and U.S.-based private equity firm Cloudleap Partners.

Source: Financial Express