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Provisions drag ICICI Bank Q1 profit 25%, net NPAs rise to 3.35%

Provisions drag ICICI Bank Q1 profit 25%, net NPAs rise to 3.35% – Moneycontrol.com
Provisions for bad loans during the quarter shot up 163.2 percent on yearly basis to 2,514.5 crore but sequentially fell 24.4 percent from Rs 3,326.2 crore. Gross NPA increased to 5.87 percent from 5.82 percent on sequential basis and net NPA rose to 3.35 percent from Rs 2.98 percent.

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