Mumbai, Jan. 26 -- In a quarter of otherwise stable financials, ICICI Bank Ltd was unable to completely avoid the impact of asset quality woes plaguing India's banking sector. The lender posted a rise in retail and rural loan slippages, or loans turned sour, even as it slowed down on growth in personal loans.
Of ICICI Bank's gross loan slippages of Rs.6,085 crore in the December quarter, Rs.5,304 crore were retail and rural loan slippages, including Rs.714 crore from the kisan (farmer) credit card portfolio. The remaining Rs.781 crore of slippages were from the corporate and business banking book.
The bank said it typically witnesses higher bad loan or non-performing asset (NPA) additions from the kisan credit card portfolio in the firs...
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