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United States

India's ICICI Bank March-Qtr Net Profit Falls


Monday, 6 May 2019 06:59am EDT 

May 6 (Reuters) - ICICI Bank Ltd ::MARCH QUARTER NET PROFIT 9.69 BILLION RUPEES VERSUS NET PROFIT OF 10.20 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH QUARTER PROFIT WAS 21.29 BILLION RUPEES.MARCH QUARTER INTEREST EARNED 172.93 BILLION RUPEES VERSUS 142.64 BILLION RUPEES YEAR AGO.MARCH QUARTER PROVISIONS AND CONTINGENCIES 54.51 BILLION RUPEES VERSUS 66.26 BILLION RUPEES YEAR AGO.MARCH QUARTER GROSS NPA 6.70 PERCENT VERSUS 7.75 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 2.06 PERCENT VERSUS 2.58 PERCENT PREVIOUS QUARTER.BOARD APPROVED FUND RAISING BY WAY OF ISSUANCE OF DEBT SECURITIES OF UPTO 250.00 BILLION RUPEES FROM DOMESTIC MARKETS.RECOMMENDED DIVIDEND OF 1 RUPEES PER SHARE.BOARD APPROVED FUND RAISING BY WAY OF ISSUANCE OF DEBT SECURITIES OF UPTO USD 3.00 BILLION FROM THE OFFSHORE MARKETS.MARCH QUARTER NIM 3.72 PERCENT.