BENGALURU (Reuters) – Share of India’s ICICI Bank were up around 3% on Tuesday after the country’s second-biggest private lender reported a better-than-expected third-quarter profit, helped by robust loan growth.
The lender reported a record high standalone net profit of 102.72 billion rupees ($1.24 billion) in the quarter ended Dec. 31, compared to analysts’ expectations of 100.25 billion rupees, as per LSEG data.
($1 = 83.0920 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
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