ICICI Bank Q4FY24 results: Net profit rises 17.4% on strong credit growth

ICICI Bank, India’s second-largest private lender, on Saturday reported a 17.4 percent rise in fourth-quarter net profit, helped by strong credit growth.

The bank’s standalone net profit rose to a record Rs 10,708 crore ($1.28 billion) in the January-March quarter, compared to Rs 9,122 crore in the same period a year earlier.

The result surpassed analysts’ average estimate of Rs 10,305 crore rupees, according to LSEG data.

First print: April 27, 2024 | 4:27 pm IST