The private lender said that the new investors include J.C. Flowers & Co. LLC, Tilden Park Capital Management LP, OHA (UK) LLP (part of Oak Hill Advisors) and Silver Point Capital.
The bank saw slippages of Rs 3998 crore, which includes divergences of Rs 1800 crore as assessed by RBI. As a result, the bank’s slippage ratio shot up to 3.2 percent, from 0.91 percent in the previous quarter.
ICICI Bank said that the exposure to telecom sector is at 1.8 percent of its loan book and most of the exposure is to the top two players, but the bank has not made any extra provisions towards it
The bank saw Rs 1062 crore worth of new additions to bad loans in the third quarter. The lender had reported slippages of Rs 800 crore in the first and Rs 1000 crore in the second quarter of current financial year.
Total revenues of the company dropped 6.5 percent to Rs 489 crore during the quarter
A list of important headlines from across news agencies that could help in your trade today.
The US formulation business contributed 45% to the total revenue and grew 12 percent to Rs 1,745 crore due to â€œto new product launches in both oral and injectable segments and volume increase,â€ the company said.
A top fund manager was quoted as saying that the largest consolidation in the banking sector is being explored by the shareholders of the two banks, according to a report in The Times of India.
The bank, which reported its slowest profit growth ever at 15 percent for the December quarter, attributed the fall in headcount to efficiencies and lower hiring.
Third quarter dollar revenue of the Pune based IT consulting and product engineering firm KPIT Technologies declined 0.5 percent.
Thermax missed street expectations on Friday with the third quarter net profit rising 13 percent year-on-year to Rs 76.2 crore. The bottomline was impacted by lower other income and higher tax expenses.
Pidilite Industries reported a 27.88 percent increase in consolidated net profit at Rs 124.36 crore for the third quarter ended December 31, 2014.
Global cues, meanwhile are positive with the Asian market treading mixed in early morning trade as investors await data from China for further trading cues. China's Q4 GDP was expected to grow by 7.2 percent but came in at 7.3 percent.
The bank‘s net interest income, the difference between interest earned and interest expended, increased 26.3 percent to Rs 730 crore in the quarter ended December 2013 from Rs 578 crore in a year ago period, which too came in above estimates.
Tractors manufacturer Escorts' profit after tax rose by 49 percent quarter-on-quarter (in-line with expectations) to Rs 28.13 crore in the first quarter of financial year 2012-13.
In an interview to CNBC-TV18, Kamal Sharma, managing director, Lupin gives his reaction on the company's positive Q3 results. The company's results beat expectations with itts profits jumping 43% to Rs 335 crore.
State-owned lender Indian Overseas Bank's (IOB) net profit rose by 7.4 percent year-on-year to Rs 116 crore in the third quarter of financial year 2012-13, impacted by higher provisions.
Mumbai-based real estate firm Godrej Properties' consolidated net profit grew by 24 percent year-on-year - lower than expected - to Rs 35.5 crore in the third quarter of financial year 2012-13.
In an interview to CNBC-TV18, BK Batra, deputy managing director, IDBI Bank gives his views on the bank's Q3 performance. The bank's third quarter (October-December) net profit rose marginally just by 2% year-on-year.
In an interview to CNBC-TV18, Raamdeo Agrawal, joint managing director, Motilal Oswal Financial Services gives his views on the broking company's Q3 results.
In an interview to CNBC-TV18, V Srinivasan of Angel Broking gives his views on ITC's Q3 numbers. Srinivasan says the company has out-performed their expectations.
IT bellwether Infosys has reported higher than expected numbers on all parameters in the third quarter ended December 2012. Consolidated net profit remained unchanged at Rs 2,369 crore in the quarter. At 09:16 hrs Infosys was quoting at Rs 2,552.35, up Rs 232, or 10%.
Upinder Zutshi, managing director and chief executive officer of Infinite Computer Solutions spoke to CNBC-TV18 about the third quarter numbers and the way ahead for the company.
Despite the difficult economic scenario, Amara Raja Batteries hopes to end the current fiscal with operating margins of 15%, says managing director Jaydev Galla.
Managing director of Dishman Pharma tells CNBC-TV18 that higher earnings from its contract revenue business is what led to the surge in third quarter profits.