India ICICI Bank’s profit jumps 34% in October-December

A man speaks on the phone outside an ICICI Bank branch in Kolkata, India, July 27, 2018. REUTERS/Rupak De Chowdhurion Saturday reported a 34.2% increase in net profit for the October-December quarter, on the back of improved revenues and healthy loan growth.

Net interest income, the difference between interest earned and paid, rose 34.6% to 164.65 billion rupees from 122.36 billion rupees last year. The net interest margin, key indicator of a bank's profitability, stood at 4.65% for the quarter, up from 3.96% in the same quarter of the previous financial year.

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