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ICICI Bank third quarter net profit jumps 19% to Rs 4,940 crore

The lender was helped by a surge in net interest income

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On Friday, the stock price of ICICI Bank closed up 1.68 per cent on the BSE | File photo

Abhijit Lele Mumbai
Private lender ICICI Bank posted a 19 per cent rise in net profit at Rs 4,940 crore in the third quarter ended December 2020.

It had posted a net profit of Rs 4,146 crore in the quarter ended December 2019. 

On Friday, the stock price of ICICI Bank closed 1.68 per cent up at Rs 537 per share on BSE.

Net Interest Income (NII) in the reporting quarter rose by 16 per cent at Rs 9,912 crore from Rs 8,545 crore in December 2019. Net Interest Margin for the reporting quarter declined to 3.67 per cent from 3.77 per cent

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