Published On : Tue, May 8th, 2018

ICICI profits plunge nearly 50% in Q4

Private sector banking major ICICI bank on Monday reported an approximate plunge of 50 percent in its standalone profit for the fourth quarter of the fiscal ended March 31, 2018.

The Bank reported a standalone profit after tax of Rs.1,020 crore, compared to that of Rs.2,025 crore in the same period last year. It reported a standalone profit after tax of Rs.6,777 crore for the year ended March 31, compared to the previous year’s figure of Rs.9,801 crore.