India's ICICI Bank profit beats estimates on strong loan growth, lower provisions
Business
India's ICICI Bank reported a stronger-than-expected rise in fourth-quarter profit on Saturday, driven by robust loan growth and lower provisions for bad loans. The country's second-largest private lender by market capitalisation posted a standalone net profit of 137.02 billion Indian rupees ($1.48 billion) for the three months to March 31, up from 126.30 billion rupees a year earlier. Analysts had expected a profit of 126.52 billion rupees, according to LSEG data. The lender's executive
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