ICICI Bank Third-Quarter Net Climbs 19% From a Year Earlier

ICICI Bank Ltd.’s third-quarter profit rose 19% from a year earlier, boosted by robust loan growth.

Net income at India’s second-largest private lender rose to 49.39 billion rupees ($677 million) in the quarter ended Dec. 31 from 41.5 billion rupees a year earlier, it said in a statement on Saturday. That beat the average estimate of 42.4 billion rupees from 17 analysts in a Bloomberg survey.

Leave a Reply

Your email address will not be published. Required fields are marked *