{"id":4089,"date":"2018-07-28T00:39:10","date_gmt":"2018-07-28T00:39:10","guid":{"rendered":"http:\/\/151.106.38.4\/2018\/07\/28\/icici-bank-posts-loss-of-rs-120-cr-in-q1\/"},"modified":"2018-07-28T00:39:10","modified_gmt":"2018-07-28T00:39:10","slug":"icici-bank-posts-loss-of-rs-120-cr-in-q1","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2018\/07\/28\/icici-bank-posts-loss-of-rs-120-cr-in-q1\/","title":{"rendered":"ICICI Bank posts loss of Rs 120 cr in Q1"},"content":{"rendered":"

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ICICI Bank Friday reported a  loss of Rs 119.5 crore on standalone basis for the June quarter, on account of rise in bad loans.<\/p>\n

The bank’s net profit in the year-ago period stood at Rs 2,049 crore. Total income was Rs 18,574.17 crore as against Rs 16,847.04 crore in April-June, 2017-18, the bank said in a statement.<\/div>\n
Net profit on consolidated basis for the June quarter was a meagre Rs 4.93 crore, compared to Rs 2,604.73 crore a year ago.<\/div>\n
There was a deterioration in bank’s asset quality, with gross non-performing assets (NPAs) or bad loans widening to 8.81 per cent of the gross advances as on June 30, 2018, compared to 7.99 per cent by June last year.<\/div>\n
There was a significant jump in provisioning and contingencies at Rs 5,971.29 crore for the reported quarter as against Rs 2,608.74 crore earlier.<\/div>\n
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ICICI Bank posts loss of Rs 120 cr in Q1<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4089","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/4089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=4089"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/4089\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=4089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=4089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=4089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}