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