Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Sun, Jan 20, 2019 | Last Updated 4:44 pm IST

Menu &Sections

Search

ICICI's huge loss in first quarter!

ICICI's huge loss in first quarter!
ICICI's huge loss in first quarter!
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Due to the massive increase in bad loans, the most prominent private sector bank of India, ICICI Bank has reportedly incurred a huge loss to the tunes of Rs 119.5 crore in a standalone basis during the June quarter.

 


During the period before this year, ICICI bank’s net profit had been steady at a whopping Rs 2,049 crore. During this period, the Total income generated was Rs 18,574.17 crore while it was Rs 16,847.04 crore during the period of April-June 2017-18, as per the recent statement from ICICI bank.

 ICICI

For the June quarter, the Net profit was a paltry Rs 4.93 crore, as opposed to the huge number of Rs 2,604.73 crore last year. The bank's asset quality has been deteriorating Slowly and steadily, as the gross non-performing assets / bad loans got increased to an unprecedented ratio of 8.81 per cent of gross advances in June 2018,  as opposed to 7.99 per cent in June 2017. 

ICICI

ICICI's huge loss in first quarter!
5/ 5 - (1 votes)
Add To Favourite
More from author
Hyderabad Police booked 12 Websites for publishing defamatory article
GHMC shelving its plan to revise property tax rates
Again old rupee notes in Chennai!
World's first genetically modified child!
Edappadi checks food quality!
Will DMK intervene in Mekedatu project?
Prakash Raj to contest election as an Independent from Bengaluru-Central constituency
Religion politics have not fared well in the South
Paytm's New Feature adds benefit to Partner Merchants
Deepika Padukone titled World's Most Beautiful Bride
Amazon's New Year Sale delivery makes Record!!!
Lord Vishnu statue carved from a monolithic block reached Singarapettai
Jio New Year Offer recharges done between December 28, 2018, to January 31, 2019
437 CCTV Cameras installed in Chennai, Kilpauk Jurisdiction
High Court Justice orders 37 ISPs to block 12,000 Websites
Trump cancelled his own participation in Davos, citing row over his proposed wall
Telangana & AP extended time limit for interstate transfers
Trump coming out with reforms giving H-1B visa holders certainty to stay in US
SC appoints Ombudsman for Hardik & Rahul comments
Rakesh Asthana ousted from CBI!
TASMAC surpasses Petta!
Congress MP's trolls Amit and gets criticism!
World's top four Richest Celebrity list with their individual net worth
RBI Governor to cut Interest Rates
PhonePe seen a remarkable growth in 2018 in offline business
Vijayashanthi questions Why TRS shows fake statements
SC orders protection for counterfeit travelers in Sabarimala issue
Boxing Legend Muhammad Ali name for US Airport
Reliance Jio Net Profit jumped to 65%
Arun Jaitley to increase Income Tax Slabs Tax Rate
Ola Money Postpaid offers a 15 day credit line to passengers
Chill breeze to prolong for 4 days in Tamilnadu
DMK Chief MK Stalin to attend Mamata Banerjee's Party meet on January 19
Low cost Airline Scoot to adds 3 new South Indian cities
Telangana new Assembly session begins with new Speaker
Dinakaran suspects Edappadi Palanisamy!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.