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ICICI Bank Net Income Climbs 25% on Rising Interest Earnings

An ICICI Bank Ltd. branch in Mumbai. 

An ICICI Bank Ltd. branch in Mumbai. 

Photographer: Dhiraj Singh/Bloomberg
Updated on

ICICI Bank Ltd.’s profit in the third quarter rose 25% from a year earlier, helped by interest earnings from lending as the impact from the coronavirus pandemic eased.

Net income was 61.9 billion rupees ($832 million) in the quarter ended December compared with 49.4 billion rupees a year ago, the company said in a statement to the stock exchanges on Saturday. That beat the average estimate of 58.6 billion rupees from eight analysts in a Bloomberg survey.