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