ICICI Bank Q3 net up 35% at Rs 1,230 cr

ICICI Bank on Saturday reported a 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore (Rs 12.30 billion) compared to Rs 910 crore (Rs 9.10 billion) in the year-ago period.

The bank clocked a total income of Rs 10,338 crore (Rs 103.38 billion) in the October-December quarter as compared to Rs 7,581 crore (Rs 75.81 billion) in the year-ago period, an increase of 36 per cent.

Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.