Private sector lender ICICI Bank 's first quarter (April-June) profit is expected to fall 28.5 percent to Rs 2,127.7 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18. Net interest income may increase 4.4 percent to Rs 5,342.6 crore in the quarter ended June 2016 compared with Rs 5,115.1 crore in year-ago period. Net interest income is the difference between interest earned and interest expended. Key things to watch out for would be slippages from restructured book (which was Rs 2,724 crore in Q4), asset quality, management commentary on scheme for sustainable structuring of stressed assets (S4A) and watchlist (which was at Rs 44,000 crore in Q4FY16) for the quarter. If slippages in Q1 come below Rs 5,000 crore (Rs 7,003 crore in Q4FY16) and gross non-performing assets below 6 percent (5.82 percent in Q4FY16) then that will be positive.ICICI Q1 net seen down 28%; slippages from restructured book key
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ICICI Q1 net seen down 28%; slippages from restructured book
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ICICI Q1 net seen down 28%; slippages from restructured book key
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Private sector lender ICICI Bank 's first quarter (April-June) profit is expected to fall 28.5 percent to Rs 2,127.7 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18. Net interest income may increase 4.4 percent to Rs 5,342.6 crore in the quarter ended June 2016 compared with Rs 5,115.1 crore in year-ago period. Net interest income is the difference between interest earned and interest expended. Key things to watch out for would be slippages from restructured book (which was Rs 2,724 crore in Q4), asset quality, management commentary on scheme for sustainable structuring of stressed assets (S4A) and watchlist (which was at Rs 44,000 crore in Q4FY16) for the quarter. If slippages in Q1 come below Rs 5,000 crore (Rs 7,003 crore in Q4FY16) and gross non-performing assets below 6 percent (5.82 percent in Q4FY16) then that will be positive.
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