ICICI Bank (IBL) reported its 4QFY19 results with the key pointers being: (1) Gross slippage was Rs 35.47bn in 4QFY19 compared with an 8-quarter average of Rs 80.46bn till 4QFY18, indicating IBL continues to see a lower slippage regime.
ICICI Bank Ltd reported Q4FY19 numbers largely inline with our/market expectations on the net revenue front; however, aggressive provisioning and higher than expected operating expenditure dented PAT significantly.
ICICI Bank (IBL) reported its 3QFY19 results with the key pointers being: (1) Gross slippage was Rs 20.91bn in 3QFY19 compared with an 8-quarter average of Rs 80.46bn till 4QFY18, indicating IBL continues to see a lower slippage regime.
ICICI Bank has positively surprised on asset quality as well as on the profitability front in 2QFY19 led by sequentially lower fresh slippages, substantial improvement in PCR and strong sequential growth in operating profit.
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.