ICICI Bank Q4 net profit jumps three-fold but lags estimates
ICICI Bank on Wednesday posted over 188.5% rise in its standalone net profit but reported a smaller-than-expected growth in fourth-quarter net profit as bad loans rose.
ICICI Bank, India`s third-biggest lender by assets, reported a smaller-than-expected growth in fourth-quarter net profit as bad loans rose.
Standalone net profit nearly tripled to Rs 20.25 billion ($315.7 million) for the three months to March 31, from Rs 7.02 billion reported a year earlier, the Mumbai-based lender said on Wednesday.
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