ICICI Bank Q3 profit rises 25% to ₹6,194 cr.
The Hindu
Remain optimistic about economy: ED
ICICI Bank Ltd. said third-quarter standalone net profit rose 25% from a year earlier to ₹6,194 crore, on account of overall improvement in net interest margin, fee income, core operating profit and a 27% reduction in provisions for bad loans.
This was the highest-ever quarterly profit, it said.
“There was all-round growth during the quarter,” said Sandeep Batra, ED. “We have adequate provisions to meet any situation. There has been a localised impact of the third wave. We do not anticipate any significant disruption to the economic activity at this point and remain optimistic about the overall economy.”
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