ICICI Bank share price set for Monday test after profit miss and RBI loan review
ICICI Bank reported a 4% year-on-year drop in quarterly net profit to 11,317.86 crore rupees, missing estimates as provisions more than doubled to over 2,556 crore rupees after an RBI order on agricultural loan classification. Shares closed Friday at 1,410.80 rupees, down 0.5%, ahead of Saturday’s earnings release during a market holiday.