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ICICI Bank posts surprise first-quarter loss as provisions surge

Updated : July 27, 2018 07:23:35 IST

The core operating profit (profit before provisions and tax, excluding treasury income) grew by 17 percent year-on-year to Rs 5,042 crore in the quarter ended June 30, 2018.
India's third-largest lender by assets, reported gross bad loans as a percentage of total loans at 8.81 percent at the end of June, compared with 8.84 percent at the end of the previous quarter and 7.99 percent a year earlier.
Published : July 27, 2018 06:05 PM IST

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