Private sector lender ICICI Bank today reported a 5% drop in net profit to ₹969 crore in the fourth quarter ended March 31, 2019, hurt by higher expenses. This was lower than ₹2,129 crore profit expected by analysts. In comparison, the bank had posted a net profit of ₹1,020 crore in the same period last year. The bank's asset quality improved quarter on quarter while net interest income jumped 27% in the fourth quarter. Here are key highlights of ICICI Bank Q4 results:The net NPA ratio decreased to 2.06% of advances as of March 31, 2019, from 2.58% at December 31, 2018Net interest income (NII) increased by 27% year-on-year to ₹7,620 crore in Q4-2019 from ₹6,022 crore in the quarter ended March 31, 2018 (Q4-2018).

Source: Mint May 06, 2019 10:51 UTC