ICICI Bank consolidated net profit drops 42% to Rs 12.05 bn in July-Sept

On a standalone basis, its net profit fell by 56 per cent to Rs 9.09 billion in the said quarter as against Rs 20.58 billion in July-September 2017

The HFC's loan book currently stands at  ~ 100 billion and the company aims to triple it to Rs 300 billion in three-four years


ICICI Bank Friday reported a 42 per cent drop in its consolidated net profit to Rs 12.04 billion in the quarter ended September 2018.


The country’s largest private sector lender had posted a consolidated net profit of Rs 20.71 billion in the corresponding quarter a year ago, the bank said in a regulatory filing.


However, total income of the bank on a consolidated basis rose to 319.14 billion as against Rs 301.90 billion a year ago.


On a standalone basis, its net profit fell by 56 per cent to Rs 9.09 billion in the said quarter as against Rs 20.58 billion in July-September 2017.


The bank had reported a net loss of Rs 1.19 billion in the first quarter of the ongoing fiscal.


Total income of the ICICI Bank on a standalone basis stood at Rs 182.62 billion during the September quarter, down from Rs 187.63 billion in the year-ago period.


Its shares closed at Rs 315.05 apiece on the BSE, down 1.45 per cent from their previous close.



First Published: Fri, October 26 2018. 17:08 IST

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