India

2020-07-27 12:03

Market analysisICICI Bank quarterly profit misses estimates
Related product:
Others,Others,Others,Others,Others,Others
Market analysis:
India's ICICI Bank Ltd ICBK.NS on Saturday reported a quarterly profit that missed analyst estimates as its provisions for bad loans rose sharply to account for the impact of the coronavirus pandemic. Net profit at the country's second-largest private lender for the quarter ending June 30 was 25.99 billion rupees ($347.69 million) compared with a profit of 19.08 billion rupees ($255.25 million) in the same period a year ago, the bank said in a regulatory filing. That fell well short of an average of 27.47 billion rupees estimated by 24 analysts, according to Refinitiv data. The bank's quarterly provisions jumped to 75.94 billion rupees from 34.96 billion rupees a year ago.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

FX3886574399
Trader
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

ICICI Bank quarterly profit misses estimates
India | 2020-07-27 12:03
India's ICICI Bank Ltd ICBK.NS on Saturday reported a quarterly profit that missed analyst estimates as its provisions for bad loans rose sharply to account for the impact of the coronavirus pandemic. Net profit at the country's second-largest private lender for the quarter ending June 30 was 25.99 billion rupees ($347.69 million) compared with a profit of 19.08 billion rupees ($255.25 million) in the same period a year ago, the bank said in a regulatory filing. That fell well short of an average of 27.47 billion rupees estimated by 24 analysts, according to Refinitiv data. The bank's quarterly provisions jumped to 75.94 billion rupees from 34.96 billion rupees a year ago.

Others

Others

Others

Others

Others

Others

Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.