ICICI Bank Q1 net declines 8% to Rs 2,049 cr

ICICI

However, net interest income rises 8% to Rs 5,589 cr

LATEST NEWS :     Country's largest private lender ICICI Bank reported 8% dip in net profit at Rs 2,049 crore for quarter ending June 2017 as against Rs 2,232 crore a year ago.

However, net interest income rose 8% to Rs 5,589 crore as compared to Rs 5,158 crore in June 2016.


Gross NPAs in Q1FY18 were 7.99% versus 7.89% in Q4FY17 and net NPAs were 4.86% in Q1FY18 versus 4.89% in Q4FY17.

Net loans to companies whose facilities have been restructured were Rs 2,370 crore as compared to Rs 4,265 crore in March 31, 2017.

On Thursday, the lender's stock on BSE closed 1% lower at Rs 307.
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