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.
The performance continues to underlie the traction in recovery & stability in the core operating matrix. Headline loan growth numbers showed improvement as the quarter saw lesser drag from stressed book and the healthy part continues to grow.
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