ICICI Bank Q3 Results

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)

A measure of asset quality, fell to 7.75 per cent at the end of December, from 8.54 per cent in the previous quarter and 7.82 per cent in the same period a year earlier.

Bad loan accretion sees some respite and loans grow 15%, but net falls by 32.4% and core revenues up only 10%