ICICI Bank - Asset quality issues persist
The stock of ICICI Bank rose 9 per cent, post its March quarter results, partly due to lower slippages and partly due to fast-track resolution expected under the NPA ordinance. But fundamentally, not much has changed for the bank on the asset quality front. True, slippages (excluding the cement account of ₹5,300 crore) moderated to ₹5,911 crore in the March quarter from the peak of around ₹8,200 ...
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