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ICICI Bank's Q3 net jumps 34% YoY on robust net interest income growth

Bank adopts more conservative norms on NPA provisioning due to macro risks

Bhaskar Dutta Mumbai

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Photo: Shutterstock

5 min read Last Updated : Jan 21 2023 | 7:19 PM IST

Private sector lender ICICI Bank on Saturday reported a 34.2 per cent year-on-year (YoY) increase in its standalone net profit in the October-December quarter (Q3) of FY23 to Rs 8,311.85 crore boosted by firm growth in net interest income. On a sequential basis, the private bank’s net profit rose 10 per cent from Rs 7,557.84 crore in the July-September quarter.