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ICICI Bank Q3 profit falls 19% to Rs 2,442 crore

ICICI Bank Q3 profit falls 19% to Rs 2,442 crore

Tuesday, January 31, 2017, 4:38 PM

ICICI Bank Ltd, India’s No.2 lender by assets, said its third-quarter net profit fell 19% as bad loans rose, although the profit decline was smaller than expected.Net profit fell to Rs 2,442 crore ($360 million) for the three months to 31 December, from Rs 3,018 crore reported a year earlier, the Mumbai-based lender said.
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