ICICI Bank posts 34 per cent fall in Q2 net profit
Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September.
ICICI Bank reported a 34 per cent fall in the September-quarter. (File Photo)
ICICI Bank Ltd, India’s third-biggest lender by assets, reported a 34 per cent fall in second-quarter profit, missing analysts’ estimates.
Net profit fell to Rs 20.58 billion ($316.49 million) in the quarter ended September 30, from Rs 31.02 billion a year earlier, the bank said on Friday.
Analysts on average had expected a profit of Rs 24.91 billion, Thomson Reuters data shows.
Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September, versus 7.99 per cent at end-June and 6.12 per cent a year ago.
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