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ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Post higher slippages in the previous quarter, asset quality remained resilient led by the recovery of an account with exposure of | 125 crore. Consequently, GNPA declined from | 528.9 crore in Q1FY17 to | 403.9 crore. GNPA ratio, therefore, improved 1.54% QoQ at 4.29% PAT came in at | 84.9 crore, above our estimate of | 74.3 crore, led by better-than-expected NII at | 141.5 crore, partly offset by higher provision at | 33.6 crore (I-direct estimate: | 4.7 crore)...
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