Bank Results season: Here’s the downward NPL trajectory – from 1.1% to 0.73% for ICICI Bank

the two important restructurings for the quarter apparently added almost 500 crores each and Net Interet income seems to have flashed a good INR 29 bln number. Reports are awaited and likely to be the reconfrimation of their consolidation around the ongoing NPL boom as they have improved net NPAs and avoided strictures from S&P even as S&P has derated the sector outlook for 3 out of 10 institutions while sounding the horn on India’s sovereign rating 

Q4 net restructured assets are INR 42.7 bln and the scrips intra day fall was mesmerising leaving the banknifty and the sector none the wiser for such sterling results that have taken the bank up after a long weinding road for the coming new competition in which right now the RBI intends to force the new licensees to build on Tier 5 and 6 towns and rural India franchises

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One thought on “Bank Results season: Here’s the downward NPL trajectory – from 1.1% to 0.73% for ICICI Bank

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