E-Paper
ICICI Bank second-quarter profit falls, lags estimates
ICICI Bank Ltd, India’s third-biggest lender by assets, reported a 34% fall in second-quarter profit, missing analysts’ estimates.
Updated on: Oct 27, 2017, 16:53:21 IST
Prefer HTon Google
Share via
Copy link
ICICI Bank Ltd, India’s third-biggest lender by assets, reported a 34% fall in second-quarter profit, missing analysts’ estimates.
Net profit fell to 20.58 billion rupees in the quarter ended Sept. 30, from 31.02 billion rupees a year earlier, the bank said on Friday.
Analysts on average had expected a profit of 24.91 billion rupees, Thomson Reuters data shows.
Gross bad loans as a percentage of total loans stood at 7.87% at end-September, versus 7.99% at end-June and 6.12% a year ago.
