5 Minutes Read
ICICI Bank Q4 net profit falls 50% to Rs 1,020 crore
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
ICICI Bank on Monday reported 49.6% Y-o-Y drop in standalone net profit at Rs 1,020 crore for the March quarter. The bank had reported Rs 2024.64 crore profit in the year-ago quarter. ICICI Bank’s net interest income (NII) for Q4FY18 has improved by 1% to Rs 6,022 crore against Rs 5,962 crore a year ago. …
Continue reading “ICICI Bank Q4 net profit falls 50% to Rs 1,020 crore”
ICICI Bank on Monday reported 49.6% Y-o-Y drop in standalone net profit at Rs 1,020 crore for the March quarter.
The bank had reported Rs 2024.64 crore profit in the year-ago quarter.
ICICI Bank’s net interest income (NII) for Q4FY18 has improved by 1% to Rs 6,022 crore against Rs 5,962 crore a year ago.
The asset quality of ICICI Bank worsened as its gross non-performing assets (NPAs) reached Rs 54,062 crore during the fourth quarter of FY18 against Rs 46,038.7 crore in the year-ago quarter.
Slippages in the March quarter was much higher at Rs 15,737 crore against Rs 4,380 crore in in the previous quarter last year.
The board also recommended a dividend of Rs 1.50 per equity share on face value of Rs 2 each.
Speaking on Videocon loan controversy, CEO and Managing Director Chanda Kochhar said board has made the stance very clear on Videocon and we have nothing more to add.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
