Edition:
India

India's ICICI Bank Sept-Qtr Net Profit Plunges 55.8 Pct


Friday, 26 Oct 2018 

Oct 26 (Reuters) - ICICI Bank Ltd ::SEPT QUARTER NET PROFIT 9.09 BILLION RUPEES VERSUS NET PROFIT OF 20.58 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT QUARTER PROFIT WAS 9.98 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 151.06 BILLION RUPEES VERSUS 135.77 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS AND CONTINGENCIES 39.94 BILLION RUPEES VERSUS 45.03 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 8.54 PERCENT VERSUS 8.81 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 3.65 PERCENT VERSUS 4.19 PERCENT PREVIOUS QUARTER.NET INTEREST MARGIN AT 3.33 PERCENT IN Q2-2019.PROVISION COVERAGE RATIO (INCLUDING TECHNICAL/PRUDENTIAL WRITE-OFFS) AT 69.4 PERCENT AT SEPTEMBER 30, 2018.NET LOANS TO COS WHOSE FACILITIES HAVE BEEN RESTRUCTURED WERE 14.13 BILLION RUPEES AT SEPT 30 AT SAME LEVEL AS COMPARED TO JUNE 30, 2018.AT SEPT 30, 2018, BANK HOLDS PROVISION OF ABOUT 93.01 BILLION RUPEES W.R.T OUTSTANDING LOANS TO BORROWERS UNDER IBC.