ICICI Bank posts over two-fold rise in Q3 profit at Rs 4,670 crore

ICICI Bank on Saturday reported an over two-fold rise in its consolidated net profit at Rs 4,670 crore for the December quarter, helped largely by the Essar Steel recovery and a jump in its core income.

The Mumbai-headquartered bank, the country's second biggest private sector lender, had posted a consolidated net profit of Rs 1,874.33 crore in the corresponding three months of the previous fiscal.

On standalone basis, its net profit jumped to Rs 4,146 crore during the December 2019 quarter from Rs 1,605 crore in the year-ago period.

Its core net interest income grew 24 per cent to Rs