Mumbai: ICICI Bank shares opened at ₹400.90 on Bombay Stock Exchange (BSE), 0.5% down from its previous close after the private sector lender reported a 50% fall in net profit for the full financial year. At 12 pm the bank’s shares were trading at ₹399.80 on the BSE.
In a call with analysts on Tuesday, the management said Jet Airways was classified as non-performing asset (NPA) in the fourth quarter of 2018-19. However they clarified that the bank had made sufficient provisions against the same. In addition, the bank also classified the fund-based exposure of ₹276 crore towards Infrastructure Leasing & Financial Services (IL&FS) as NPA and made a provision of ₹146 crore against the same.
The management also said that it expects some slippages in the kisaan credit card portfolio, which forms 3% of the total loan book.
