provisions

ICICI Bank Q2 results: Net profit jumps six-fold to Rs 4,251 crore; NII rises 16% to Rs 9,366 crore

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ICICI Bank Q2 results: Net profit jumps six-fold to Rs 4,251 crore; NII rises 16% to Rs 9,366 crore

NEW DELHI: ICICI Bank on Saturday reported a six-fold jump in its net profit at Rs 4,251 crore for the September quarter. The private lender had reported a profit of Rs 655 crore in the year ago quarter. Net interest income (NII), which is the difference between the interest income a bank earns from its … Read more

ICICI Bank Q1 takeaways: Huge Covid provisions, lower credit growth & more

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ICICI Bank Q1 takeaways: Huge Covid provisions, lower credit growth & more

NEW DELHI: In spite of a Rs 3,000 odd crore one-off treasury gain, ICICI Bank’s June quarter earnings missed Dalal Street estimates by a wide margin, as the bank chose to utilise the funds raised from stake sales in ICICI Prudential and ICICI Lombard to create higher-than-expected Covid 19-related provisions. The bank said the provisions … Read more