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ICICI Bank Q4 profit plunges 45 per cent to Rs 1,142 cr

PTI
Published : May 7, 2018, 7:30 pm IST
Updated : May 7, 2018, 7:30 pm IST

It had a net profit of Rs 2,083 crore in the January-March quarter of the preceding fiscal, 2016-17.

ICICI Bank on Monday reported 45 per cent decline in consolidated net profit to Rs 1,142 crore for the fourth quarter ended March 31, 2017-18.
 ICICI Bank on Monday reported 45 per cent decline in consolidated net profit to Rs 1,142 crore for the fourth quarter ended March 31, 2017-18.

New Delhi: ICICI Bank on Monday reported 45 per cent decline in consolidated net profit to Rs 1,142 crore for the fourth quarter ended March 31, 2017-18.

It had a net profit of Rs 2,083 crore in the January-March quarter of the preceding fiscal, 2016-17. The bank's standalone profit declined by 50 per cent to Rs 1,020 crore as against Rs 2,025 crore in the year-ago quarter.

The results come against the backdrop of a series of allegations of impropriety in ICICI Bank's extending loans to some companies and enjoying reciprocal benefits by the family members of the lender's CEO Chanda Kochhar.

Tags: icici bank, net profit, bank frauds, chanda kochhar
Location: India, Delhi, New Delhi