ICICI Bank, India’s second-largest private lender, on Saturday reported a 17.4 per cent increase in its fourth-quarter net profit, helped by strong loan growth.
The bank’s standalone net profit rose to a record Rs 10,708 crore ($1.28 billion) in the January-March quarter, from Rs 9,122 crore in the same period a year earlier.
The result exceeded analysts’ average estimate of Rs 10,305 crore rupees, according to LSEG data.
First Published: Apr 27 2024 | 4:27 PM IST
