|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||357.35 - 364.95|
|52-week range||268.30 - 552.20|
|Beta (5Y monthly)||1.01|
|PE ratio (TTM)||23.50|
|Forward dividend & yield||N/A (N/A)|
|1y target est||398.27|
ICICI Bank Limited filed its annual report in Form 20-F for the year ended March 31, 2020 (FY2020).
Increase in net interest income and lower expenses support ICICI Bank's (IBN) fiscal Q1 results. However, jump in provisions and lower fee income are undermining factors.
India's ICICI Bank Ltd on Saturday reported a quarterly profit that missed analyst estimates as its provisions for bad loans rose sharply to account for the impact of the coronavirus pandemic. Net profit at the country's second-largest private lender for the quarter ending June 30 was 25.99 billion rupees ($347.69 million) compared with a profit of 19.08 billion rupees ($255.25 million) in the same period a year ago, the bank said in a regulatory filing. The additional provisions were "with the objective of completely cushioning the balance sheet from the impact of COVID-19," President Sandeep Batra said on a post-earnings conference call.