Industry

ICICI Bank Q4 profit plunges 49% to ₹1,020 crore

ICICI Bank, the country's largest private sector lender, reported 49% decline in net profit to ₹1,020 crore for the quarter ended March 31, 2018 as fresh slippages during the period zoomed.

The addition to gross NPA was ₹15,737 crore during the quarter. Gross NPA ratio was 8.84% as compared to 7.89% a year ago.

Net interest income in Q4 was ₹6,022 crore as compared to ₹5,962 crore in the same period of the previous year. The domestic net interest margin was 3.67% and the overall net interest margin was 3.24% in Q4-2018.

Domestic advances grew by 15% of which retail growth was 20%. The current and savings account deposit grew by 17% which are now 51.7% of the total deposits.


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Printable version | Jun 17, 2021 1:25:45 PM | https://www.thehindu.com/business/Industry/icici-bank-q4-profit-plunges-49-to-1020-crore/article23803803.ece

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