ICICI Bank reported net profits of Rs 2922 crores for the quarter ending March 31, 2015, which was largely in line with estimates, though its non performing assets deteriorated further.
Net non performing assets at the bank rose to 1.61 per cent, from 1.27 per cent, quarter on quarter. The gross non performing assets rose to 5095 crores as on match 31, 2015.
While the net profits more or less came in line analysts were largely disappointed by the further increase in non performing assets.
Earlier in the day Andhra Bank reported a good set of results wherein the bank managed to reduce its non performing assets.
The stock of ICICI Bank was last traded at Rs 297 on the National Stock Exchange.