INSUBCONTINENT EXCLUSIVE:
ICICI Bank shares ended flat at Rs401.80 apiece on the National Stock Exchange.ICICI Bank on Monday reported a 5 per cent decline in net
Its net profit had stood at Rs 1,020 crore for the corresponding period last year, according to a regulatory filing by the private sector
lender after market hours
ICICI Bank's profit declined due to higher provisioning for bad loans in the January-March quarter
ICICI Bank made a provisioning of Rs 5,451 crore compared with Rs 4,244 crore in the previous quarter, according to the filing.ICICI Bank's
net interest income (NII) grew 26.54 per cent to Rs
level in the last 13 quarters
Bank's total provisioning as of March 31, 2018 stood at Rs 7,261.03 crore in respect to the outstanding loans of Rs 10,306.50 crore,
amounting to a provision coverage of 73.94 per cent, ICICI Bank added.As per the Reserve Bank of India's guidelines, ICICI Bank declared
its loan exposure to Infrastructure Leasing Financial Services Limited (ILFS) entities amounting to Rs 275.94 crore as non-performing
National Stock Exchange, as against a 0.97 per cent fall in the benchmark Nifty index, ahead of the corporate earnings announcement by the
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