ICICI Profit Growth Slows to Six-Year Low as Bad Loans Surge

  • Mumbai-based lender's soured-debt ratio widens to 4.72 percent
  • ICICI raises provisions to comply with regulator's guidelines

Customers stand outside an ICICI Bank branch in the Gandhi Road area of Ahmadabad.

Photographer: Dhiraj Singh/Bloomberg

ICICI Bank Ltd., India’s largest private sector lender by assets, reported the slowest quarterly profit growth in six years as bad loans surged.

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