Edition:
United States

ICICI Bank Says Has Non-Fund Based Outstanding 5.45 Bln Rupees To IL&FS Entities As At March 31


Monday, 6 May 2019 07:00am EDT 

May 6 (Reuters) - ICICI Bank Ltd ::HAS NON-FUND BASED OUTSTANDING 5.45 BILLION RUPEES TO ILFS ENTITIES, HOLDS PROVISION OF 4.68 BILLION RUPEES FOR THIS OUTSTANDING AS AT MARCH 31.HAS FUND-BASED OUTSTANDING TO IL&FS ENTITIES AMOUNTING TO 2.76 BILLION RUPEES AS NPA, HOLDS PROVISION OF 1.46 BILLION RUPEES AS PER RBI GUIDELINES.PROVISION COVERAGE RATIO ON NON-PERFORMING LOANS INCREASED BY 440 BPS SEQUENTIALLY TO 80.7% AT MARCH 31, 2019.GROSS ADDITIONS TO NPA WERE 35.47 BILLION RUPEES IN Q4 COMPARED TO 20.91 BILLION RUPEES IN Q3.GROSS NPA ADDITIONS IN Q4 INCLUDE AN ACCOUNT IN SUGAR SECTOR WHERE PAYMENT OBLIGATIONS ARE BEING MET, WHICH HAS BEEN CLASSIFIED AS NPA.