ICICI Bank second-quarter profit falls, but bad loans stable

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"We still await the final report from the RBI...the inspection process is going on and we will disclose them (the divergences, if any) in the third quarter..." However, the bank has also made a one-time gain of ₹2,012 crore during the June-Sep period of this financial year by selling stake in ICICI Lombard General Insurance Company.

Even as the bank reported a 25 percent rise in its net profit to Rs 1,002 crore, YES Bank's net NPAs rose almost three-fold to Rs 1,543.26 crore in Q2FY2018 from Rs 545.31 crore in Q1FY2018. "It is for basically strengthening our provision coverage ratio, from 51 per cent past year it has increased to 54.75 per cent now", Canara Bank MD and CEO Rakesh Sharma told reporters here.

The bank's total capital adequacy ratio (CAR) was at 17.89 percent and Tier-I vehicle was at 14.85 per cent as on September 30, 2017.

The lender's gross non-performing assets, as a percentage of total advances, stood at 7.87 percent compared to 7.99 percent in the previous quarter.

During the current financial year, the bank made an additional provisioning of Rs 651.2 crore for the 12 accounts referred to the Insolvency and Bankruptcy Code, the private sector lender said in its stock exchange filing.

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Although, fee income rose by 9 percent to Rs 2,570 crore. The incremental outstanding net NPAs is nearly equivalent to its reported net profit of Rs 1,002.73 crore in Q2 FY2018.

"If you look at last quarter our slippages was at Rs 5,511 but now it has declined to Rs 3,367 crore".

Yes Bank, however, said of the total exposure under RBI's assessment, around 81 per cent has been repaid/resolved or classified as standard. On the corporate growth, Kochhar said the bank is growing the desired book, excluding the low rated loans, restructured book among others, at 14 per cent. "Our domestic loan portfolio grew by 12.4 per cent on year-on-year basis, and the retail portfolio grew by 18.6 per cent", she said, adding that the bank expects 15 per cent growth in domestic loans in the current financial year, driven by 18-20 per cent growth in retail loans.

The total fund-based exposure to these 18 accounts which need to be resolved by December 31 is Rs 10,476 crore and the non-fund based exposure is Rs 1,384 crore.

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