India's largest private sector lender ICICI Bank has posted a net profit of Rs 2250.24 crores for the quarter ended December 31, 2012 as compared to Rs 1728.10 crores for the quarter ended December 31, 2011. The results were marginally higher than what the markets were expecting.
Total income at the bank increased from Rs 10,483.73 crores for Q3 FY 2012 to Rs 12,352.91 crores for the quarter ended December 31, 2012.
The Bank reported a gross non performing asset of 3.31 per cent as at the end of Decmber 31, 2012, as against 3.54 per cent, as on September 30, 2012.
The stock of ICICI Bank was down 0.54 per cent at 1 pm.