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.
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