ICICI Bank Ltd (ICBK.BO)
24 Jun 2016
Thu, May 12 2016
* Sees potential trouble in five sectors (Adds management comment)
* About 60 percent of about 70 billion rupees adds to bad loans in Q4 was due to RBI directed review
MUMBAI, April 29 ICICI Bank Ltd, India's biggest private sector lender by assets, reported a 76 percent fall in fourth-quarter net profit, lagging estimates, as it was weighed down by a surge in bad loans.
MUMBAI ICICI Bank Ltd , India's biggest private sector lender by assets, saw its bad loans surge in the December quarter on a central bank order to reclassify some troubled loan accounts, and predicted sour assets will rise further this quarter.
* Bad loans surge in Q3 on cenbank's asset classification order
MUMBAI, Jan 28 ICICI Bank Ltd, India's biggest private sector lender by assets, reported a surge in bad loans for the December quarter partly due to a central bank direction to reclassify some troubled loan accounts as bad loans.