ICICI Bank Q1 profit beats estimates, down 25% YoY to Rs 2,230 crore

ICICI Bank, the country's largest private lender, underwhelmed Dalal Street with a 25 per cent drop in June quarter profit at Rs 2,230 crore which was above consensus estimate of an ETNow poll at Rs 2,198 crore. The bank had reported net profit of Rs 2,976 crore for the same quarter last year. Dogged by a bad loan crisis, ICICI Bank had seen the biggest drop in quarterly earnings in 15 years in March.