ICICI Bank Was Trading Over 1 Percent Higher In Morning Trade Ahead

ICICI Bank was trading over 1 percent higher in morning trade ahead of March quarter results, which will be declared later in the day.

It has touched an intraday high of Rs 287.45 and an intraday low of Rs 282.95. A more than doubling in provisions for bad loans is seen pulling ICICI Bank’s March quarter net profit down by 52.7 percent in net profit year-on-year to Rs 955.7 crore, according to a Reuters poll. 

India’s largest private sector lender had reported a bottomline of Rs 2,024.60 crore in the same quarter a year ago.

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