ICICI Bank

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

ICICI Bank, In­dia's sec­ond-largest lender, said first-quar­ter profit rose 30% af­ter credit ex­panded at the fastest pace in al­most four years and bad loans de­clined. Net profit in­creased to 1,333 crore, or

11.51 a share. Net in­ter­est in­come stood at 2,411 crore, up 20% from the cor­re­spond­ing pe­riod last year. Net in­ter­est mar­gin, how­ever, con­tracted marginally to 2.6% from 2.7% last year.

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