ICICI Bank Q3

The private sector lender had posted PBT of Rs 1,902 crore in Q3FY19

As per estimates by Motilal Oswal Financial Services, the bank is poised to write-back provisions worth Rs 2,100 crore (Essar Steel), & Rs 400 crore (Rs 200 crore each from Ruchi Soya & Bhushan Power)

The stock moved higher by 6% to Rs 368 on BSE on the back of heavy volumes.

Gross bad loans as a percentage of total loans stood at 7.82% at the end of December, compared with 7.87% at Sept. 30 and 7.2% a year earlier.