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ICICI Bank’s Q3 Net Profit Shrinks by 27% Over a Year
February 05, 2018
As per the performance data of the private sector ICICI Bank for the third quarter of the FY18, the net profits plummeted by 27% on a year over year basis and stood at Rs. 1894 crores, mainly because of the provisioning for the bad loans. However, the total income grew marginally to Rs. 28,501 crores compared to previous year’s Rs. 27,876 crores.
The bank’s CASA ratio was 50.4% at the end of December 2017 and the gross non-performing assets increased to 7.82% compared to 7.2% of December 2016.
