Podcast | ICICI Bank stock gains post Q4 earnings

作者:Liz 發表日期:2018-07-23 06:33:20

ICICI Bank reported 49.6 percent year-on-year drop in net profit at Rs 1,020 crore for the fourth quarter ending March 2018. Net profit for Q4FY17 was Rs 2,024.60 crore

Profits of the country’s biggest private sector bank were dragged by an 85-percent spike in provisions due to a 17-percent rise in bad loans.

The results were in line with estimates. A Reuters poll had estimated net profit at Rs 955.7 crore.

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NII or net interest income inched up marginally to Rs 6,021.67 crore in the quarter from Rs 5,962 crore a year ago. It was projected to be marginally lower by about two percent to Rs 5,832 crore, as per the Reuters poll.

Non-interest income jumped 88 percent to Rs 5,678.6 crore (up from Rs 3,017 crore a year ago), supported by a one-time gains of Rs 3,320 crore from the sale of bank's shareholding in ICICI Securities.

本文來源:https://www.moneycontrol.com/news/business/podcast-icici-bank-stock-gains-post-q4-earnings-2565009.html




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