Provisions jump massively, as the company became aggressive in COVID 19 provisions! Provisions at 7593 crores (overall for this quarter ) Bank said, the company has provisioned 8000+ crore for COVID 19 In 2 Quarters!
Best Operating Performance By Icici Bank, Net NPA at 1.23 % which is the best in the last 7 years!
We are of the opinion that ICICIbank is better placed than Axis bank and can be considered in your portfolio post their results where a the massive amount has been kept for Corona pandemic provisioning.
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