INSUBCONTINENT EXCLUSIVE:
announced its fourth-quarter (Q4) net profit which almost halved, missing expectations, on higher provisions for bad loans
The Q4 net profit fell to Rs 1,020 crore against Rs 2,025 crore profit reported in the corresponding quarter of financial year (FY) 2017
a year earlier (year-on-year).Net interest income (NII) for the fourth quarter was higher by 1 percent on the year to Rs 6,022 crore, while
net interest margin was at 3.24 percent
Shares of the Mumbai-based lender, which started trading in 1998, ended 2.5 percent higher ahead of the results, outperforming a slightly
Recently, ICICI Bank's CEO Chanda Kochhar was embroiled in a controversy relating to the Rs 3,250 crore worth loans allegedly given to
Videocon Group chairman Venugopal Dhoot in lieu of some favours bestowed upon Chanda's husband Deepak Kochhar and kin, a charge that has
3,250 Crore Loan CaseThe ICICI Bank board, at its meeting on Monday, recommended a dividend of Rs 1.50 per equity share of face value of Rs
2 each, subject to requisite approvals
The dividend on equity shares, will be paid on or after the same is approved by the shareholders at the ensuing Annual General Meeting (AGM)
announced that it classified three borrower accounts in the gems and jewellery sector with fund-based outstanding of Rs 794.87 crore as
fraud and non-performing and during Q4-2018 made a provision of Rs 289.45 crore through PL account and Rs 505.42 crore by debiting reserves
and surplus, as permitted by RBI.As required under Section 42 of the Companies Act, 2013, the board approved the seeking of consent of the
shareholders in the forthcoming AGM for an enabling resolution which would be valid for one year to invite subscription for non-convertible
debentures (NCDs) or bonds on a private placement basis for an amount upto Rs 25,000 crore.
