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ICICI Bank has posted its third quarter profit hike of 4.5 percent year-on-year to Rs 3,018 crore. During the same period last year, it was Rs 2,889 crore.
The net interest income has been increased 13 percent to Rs 5,452.96 crore in the quarter ended December 2015 against Rs 4,811.7 crore in the year ago period.
According to the bank’s filing, in October-December quarter, the provisions for bad loans shot up 190 percent year-on-year and 202 percent quarter-on-quarter to Rs 2,844 crore and provision coverage ratio as of December 2015 stood at 53.2 percent.
