Bank Results Season: ICICI Bank proves long term investments in patience pay in Q1 2013

The bank’s increased restructuring and long pain in retail advances hich are still a majority of its portfolio still did not stop its growth, finally coming ahead of the others despite taking the longer route after the Kamath bloodbath decade in retail aggressiveness. Net NPAs are down to 0.71% continuing the downward NPL trajectory and a CAR of 18.5%  the Profits easily grew ell over the 30% mark

PAT is up to INR 18.15B increasing sequentially with NII up from INR27.1 B in December and 29 B in March Wires are as usual too early to know

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One thought on “Bank Results Season: ICICI Bank proves long term investments in patience pay in Q1 2013

  1. Pingback: Bank Results Season: A critical look at PSU Bank results >> Dena, Karnataka, PNB and BOB « A blog of blogs

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