RAS AL KHAIMAH / GULF TIME Following its strategic collaboration agreement with Marriott International, ATARA …
Read More »ICICI Bank’s quarterly profit drops as loan provisions surge
Bloomberg ICICI Bank Ltd., India’s largest private sector lender by assets, posted a 25 percent drop in first-quarter profit as provisions for bad debt rose. Net income fell to 22.3 billion rupees ($333 million), or 3.83 rupees a share, in the three months ended June 30, from 29.8 billion rupees, or 5.09 rupees, a year earlier, the Mumbai-based lender …
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