Bad loans hit ICICI net

Hit by higher bad-loans and weak performance in key segments, country's largest private lender ICICI Bank has reported 13.4 per cent fall in net profit at Rs 1,101.6 crore for the October-December quarter.

Hit by higher bad-loans and weak performance in key segments, country's largest private lender ICICI Bank has reported 13.4 per cent fall in net profit at Rs 1,101.6 crore for the October-December quarter.

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However, ICICI Bank MD & CEO Chanda Kochhar told reporters that outlook on the asset quality in the fourth quarter is "positive". I think the peak of credit quality (deterioration) is behind us,” she said.