India's No.2 lender, ICICI Bank, posted a 21 per cent rise in fourth-quarter net profit, in line with estimates, led by higher loan growth, it said on Friday.
Net interest income, or the difference between income earned and interest expended, rose 22.5 per cent to nearly Rs 3,800 crore (Rs 38 billion).
Analysts, on average, had estimated net profit of Rs 2,284 crore (Rs 22.84 billion), according to Thomson Reuters I/B/E/S.
Net non-performing loans at the bank stood at 0.77 per cent of its total assets compared with 0.73
Net interest margin, a key gauge of profitability for banks, stood at 3.11 per cent for the year-ended March compared with 2.73 per cent a year ago, it said in a statement.
Apple unlocks more cash for investors as profit slides
Markets pause after a 4-day rally
Bengal, N-E hot-bed of investment frauds: report
HDFC Bank net profit up 30%
Sensex jumps 227 points as rate-cut hopes aid