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ICICI Bank reports 25% decline in profit for Q1 to Rs 2,232 crore

ICICI Bank, the largest private sector lender of India has posted a 25 percent decline in net profit at Rs 2,232 crore for the quarter ended June 2016 as compared to Rs 2,976 crore of June 2015.

The net NPAs increased to 3.35% as compared to 2.98% of the previous quarter.

For the June quarter, the gross bad loans as a percentage of total loans were 5.87% as compared with 5.82% in the previous three months.

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