17 - Sep - 2020
ICICI bank reports first-ever loss.
The ICICI bank, which has been projected as a model of the new generation banks, has gone into loss. The bank has reported a loss of Rs.120 crore for the first quarter of 2018, ie., for the period from April to June, 2018. ICICI bank has earned a profit of Rs.2,049 crore for the same period in 2017. This is the first time that ICICI bank has gone into loss since 2002.
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