ICICI Bank September Quarter Profit Falls 34%

ICICI Bank Ltd, India's third-biggest lender by assets, reported a 34 per cent fall in second-quarter profit, missing analysts' estimates.

Net profit fell to Rs 2,058 crore in the quarter ended September 30, from Rs 3,102 crore a year earlier, the bank said on Friday.

 Analysts on average had expected a profit of Rs 2,491 crore, Thomson Reuters data shows.

Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September, versus 7.99 per cent at end-June and 6.12 per cent a year ago.

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