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27 October 2017
 |
| ICICI Bank Ltd (The Total Investment & Insurance Solutions) |
ICICI Bank Ltd, India`s
third-biggest lender by assets, reported a 34 percent fall in second-quarter
profit, missing analysts` estimates.
Net
profit fell to 20.58 billion rupees ($316.49 million) in the quarter ended
Sept. 30, from 31.02 billion rupees a year earlier, the bank said on Friday.
Analysts on average had expected a profit of
24.91 billion rupees, Thomson Reuters data shows.
Gross bad loans as a percentage of total
loans stood at 7.87 percent at end-September, versus 7.99 percent at end-June
and 6.12 percent a year ago.The Total
Investment & Insurance Solutions
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