Private sector lender ICICI Bank today said it has waived off late payment penalties for all retail customers in Kerala this month as well as contributing Rs 10 crore towards flood relief to the state that's facing worst rain havoc in a century.

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"No penalty for late payment of credit card dues as well as no cheque bouncing charges for our customers in Kerala this month," the second largest private sector lender said in statement.

The majority of its Rs 10 crore contribution will be extended to the Chief Minister's distress relief fund, the bank said.

The bank will also contribute to the district collectors' efforts in all the 14 districts to help in the supply of essential commodities like clothes, food items, medicines, sanitation and hygiene products and others.

It will also not charge penalties for late payment of credit card dues as well as no cheque bouncing charges on its customers in this month.

State chief secretary Tom Jose accepting contribution said, of this, Rs 8 crore will be donated to the Chief Minister's distress relief fund and the rest to all the 14 district administrations to help them buy relief material. ************* MCF gets green clearance for fertiliser expansion

Mangalore Chemicals & Fertilizers has received environmental clearance from for expansion and modernization of the fertilizer plant.

The company has received green permission to increase ammonia capacity from 2,47,00 million tonners per annum to 3,28,00 mt, urea from 4,29,000 mt to 5,69,000 mt and NPK from 4,01,000 to 14,01,500 mt, the company said in an BSE filing today.

The company has reported a standalone total income from operations of Rs 670.64 crore and a net loss of Rs 3.91 crore for the quarter ended June 2018.

First Published:Aug 17, 2018 9:08 PM IST