Bad loans rose 17.21% to Rs3,7716.73 crore at the end of the December quarter from Rs3,2178.60 crore in the September quarter. Photo: Ramesh Pathania/MintMumbai: ICICI Bank Ltd on Tuesday reported a 19.09% decline in net profit for the December quarter as bad loans climbed. Net profit for the quarter stood at Rs2,441.82 crore against Rs3,018.13 crore a year ago. Net interest income (NII) or the core income a bank earns by giving loans fell marginally by 1.64% to Rs5,363.35 crore from Rs5,452.96 crore last year. Other income fell 6.61% to Rs3,938.31 crore from Rs4,216.88 crore in the same period last year.

Source: Mint January 31, 2017 10:48 UTC