ICICI Bank’s net profit declines 8%

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Mumbai, July 27 (IANS) Private sector ICICI Bank on Thursday reported a decline of 8.21 per cent in its standalone net profit for the first quarter (Q1) ended June 30, 2017.

The net profit of the bank for the quarter under review stood at Rs 2,049 crore compared to Rs 2,232.35 crore reported during Q1 last year.

According to the private sector bank, its total income for the first quarter of 2017 stood at Rs 16,847.04 crore — up 0.52 per cent — as compared to Rs 16,759.51 crore reported during the corresponding quarter of 2016.



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