2020-07-27 12:03
Pagsusuri ng merkadoICICI Bank quarterly profit misses estimates
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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.
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ICICI Bank quarterly profit misses estimates
India | 2020-07-27 12:03India'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.
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