ICICI Bank Q2 net profit up 30%

ICICI Bank Ltd, India’s second largest private sector bank, posted a 30% rise in second quarter net profit, bolstered by strong loan growth and higher fee-based income, it said on Friday.

The bank posted its highest ever quarterly net profit of Rs 19.56 billion ($364.4 million) in July-September, compared with Rs 15.03 billion a year ago. Net interest income, or the difference between income earned and interest expended, rose 35% to Rs 33.71 billion.

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ICICI Bank Q2 Report

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