Moneycontrol Podcast - SOTD - ICICI Q4 EARNINGS
Episode 17, May 08, 2018, 01:19 PM
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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.