ICICI Bank fourth-quarter profit drops, misses estimates [Reuters]
ICICI Bank Limited (IBN)
US:NYSE Investor Relations:
icicibank.com/aboutus/invest-relations.page
Company Research
Source: Reuters
ICICI Bank fourth-quarter profit drops, misses estimates - Reuters 2 Min Read BENGALURU (Reuters) - ICICI Bank Ltd reported a 5 percent drop in fourth-quarter profit on Monday, missing estimates, partly as a rise in expenses overshadowed a fall in provisions for bad loans. Asset quality improved at ICICI Bank, with gross bad loans as a percentage of total loans easing to 6.7 percent in the quarter ended March 31, from 7.75 percent in the previous quarter and 8.84 percent a year earlier. Provisions for bad loans fell 17.7 percent to 54.51 billion rupees. However, total expenses jumped 18.1 percent to 146.80 billion rupees, led by 17 percent rise in interest that the bank paid on its deposits. Net profit dropped to 9.69 billion rupees ($139.71 million) in the three months ended March 31, from 10.20 billion rupees a year earlier when stricter central bank rules had forced the country’s third-biggest lender by assets to account for more bad loans. Analysts were looking for a profit of 21.
Show less
Read more
Impact Snapshot
Event Time:
IBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBN alerts
High impacting ICICI Bank Limited news events
Weekly update
A roundup of the hottest topics
IBN
News
- India's ICICI Bank exposed thousands of credit cards to ‘wrong' users [TechCrunch]TechCrunch
- India's ICICI Prudential reports narrower new business margin for FY 2024 [Reuters]Reuters
- Arcelormittal Nippon Steel India in Talks for $1 Billion Loan [BNN Bloomberg (Canada)]BNN Bloomberg
- ICICI Lombard's Q4 profit rises on higher premiums earned [Reuters]Reuters
- India swaps suggest cenbank now likely to hold rates through 2024 [Reuters]Reuters
IBN
Sec Filings
- 4/25/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/19/24 - Form 6-K
- IBN's page on the SEC website