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.