MUMBAI Oct 25 ICICI Bank Ltd, India's
largest private-sector lender by assets, posted a 20.1 percent
rise in second-quarter profit, beating analyst estimates, led by
higher credit growth and income from fees.
Net profit for July-September was 23.5 billion rupees
($382.63 million) compared with 19.6 billion a year earlier, the
bank said on Friday. Net interest income, or the difference
between interest earned and paid, rose about 20 percent to 40.4
The mean profit estimate of 23 analysts was 21.9 billion
rupees, according to Thomson Reuters I/B/E/S.
Net interest margin, a gauge of profitability for banks,
expanded to 3.31 percent during the quarter from 3 percent a
Net non-performing loans, as a percentage of total assets,
rose to 0.85 percent from 0.82 percent in the prior quarter.
($1 = 61.4175 Indian rupees)
(Reporting by Swati Pandey; Editing by Christopher Cushing)