ICICI Securities

ICICI BANK LTD (ICICIBANK-532174) – Net Profit of ₹1,908 crore in the April-June of FY20

Gold Silver Reports (GSR) – ICICI Bank (ICICIBANK-532174) on Saturday reported a standalone net profit of ₹1,908 crore in the April-June of FY20, against a loss of ₹120 crore in the same period last year, owing to higher net interest income (NII) and lower provisions. The bank’s profit was lower than ₹2,085 crore estimated by a Bloomberg poll of 21 analysts.


Banks Collect Rs 5,000 Crore From Minimum Balance Penalty

Gold Silver Reports (GSR) – As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.