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ICICI Bank PBT soars 187% in Q3 on growth in interest, other income

The private sector lender had posted PBT of Rs 1,902 crore in Q3FY19

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ICICI Bank

Subrata Panda Mumbai
ICICI Bank reported a 187.32 per cent jump in its profit before tax (PBT) at Rs 5,465 crore in the third quarter of the financial year 2019-20 (Q3FY20), helped by substantial growth in interest and other income, lower provisions and the resolution of Essar Steel.
 
The private sector lender had posted PBT of Rs 1,902 crore in Q3FY19.
 
Net profit rose 158 per cent to Rs 4,146 crore in the quarter, from Rs 1,605 crore in Q3FY19. The net interest income of the lender saw an uptick of 24.29 per cent at Rs 8,545 crore in Q3FY20 compared

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