ICICI Financial institution Q2 revenue tanks 56% to Rs 909 cr, asset high quality improves

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Nation’s largest non-public sector lender ICICI Financial institution’s second quarter revenue fell sharply by 55.84 % to Rs 908.88 crore in comparison with year-ago interval. Elevated provisions and excessive treasury base hit bottomline.

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Revenue in corresponding interval final fiscal stood at Rs 2,058.2 crore.

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Asset high quality improved properly through the quarter. Gross non-performing belongings as a proportion of gross advances had been decrease at 8.54 % in opposition to 8.81 % in earlier quarter.

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