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Icici Bank ( (IBN) ) has provided an announcement.
ICICI Bank Limited announced corrections to its financial results for the quarter and nine months ending December 31, 2024. The announcement, made on January 25, 2025, clarified that the net non-performing advances to net advances ratio should be read as 0.47%, and the contingency provisions stand at Rs. 13,100 crore. This update is crucial for stakeholders to correctly assess the bank’s financial health and risk management strategies.
More about Icici Bank
ICICI Bank Limited is a leading financial institution in India, headquartered in Mumbai. The bank operates in the banking and financial services industry, offering a wide range of products and services including retail banking, corporate banking, and treasury operations. It is focused on providing comprehensive financial solutions to its customers and maintaining a strong market presence in the Indian banking sector.
YTD Price Performance: -4.93%
Average Trading Volume: 4,291,603
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $98.78B
For an in-depth examination of IBN stock, go to TipRanks’ Stock Analysis page.
