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ICICI Bank Q1 Results: Stake Sales Aid 36% Rise In Profit, Provisions Surge

ICICI Bank’s stake sales in group firms during the June quarter resulted in net gain of over Rs 3,000 crore in standalone results.

Vishwanath Nair
Customers wearing protective masks wait in line at an ICICI Bank Ltd. branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Bank Ltd.’s profit rose in the quarter ended June, aided by stake sales in group firms, even as it set aside more cash to account for pandemic-related disruptions.

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Vishwanath Nair
Vishwanath is Editor- Banking at NDTV Profit. He started working as a busin... more
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