In a reply to stock exchanges, ICICI Bank said it is a part of the working capital lender consortium, adding its exposure is not the highest.
SFIO has summoned consortium of 31 banks that include ICICI, Axis and PNB.
Meanwhile, the Enforcement Directorate (ED) has also written to all lenders that have had exposure to Modi and Choksi firms and directed them to submit documents pertaining to their loans and guarantees.
"We have summoned Mehta (the head of the beleaguered bank) and he is expected to appear before us tomorrow", said an SFIO official. As per a report, the two were called in context of the probe in credit extended to Mehul Choksi's Gitanjali Group by a bank consortium.
The CBI filed a second FIR on February 15 for a Rs 4,886.72-crore fraud against Choksi's Gitanjali Group.
This comes in the midst of reports that the Central Bureau of Investigation (CBI) on Monday kept Vipul Chitalia, VP (saving money tasks), Gitanjali Group, at Mumbai airplane terminal in the Punjab National Bank misrepresentation case. NS Kannan, executive director ICICI bank, was the leader of consortium of the bank that lent money to Gitanjali Group, it has been alleged.
It is alleged that firms colluded with officials at a city branch of state-run PNB to clear letters of undertakings (LoUs) without proper diligence, resulting in the scam. With Axis Bank and ICICI Bank officials complying with the SFIO summons, other banks are likely to follow the suit.
Axis Bank revealed that it has a Rs 200-crore exposure to the scam-tainted companies promoted by Nirav Modi and his uncle Mehul Choksi.
The Punjab National Bank detected a 1.77 billion dollar scam in which Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders. These amounts are then credited to the LoU issuing bank's Nostro accounts.