ICICI Bank first-quarter profit falls, but beats estimates
(Reuters) - ICICI Bank Ltd, India's third-biggest lender by assets, reported an eight percent fall in its first-quarter profit but was slightly ahead of analysts' estimates.
Net profit fell to 20.49 billion rupees ($319.6 million) in the quarter ended June 30, from 22.32 billion rupees a year ago, the bank said on Thursday. (http://bit.ly/2vLv63v) Analysts on average had expected a net profit of 20.43 billion rupees, Thomson Reuters data showed.
Gross non-performing loans as a percentage of total loans rose to 7.99 percent at end-June from 7.89 percent at March-end and 5.28 percent a year earlier.
($1 = 64.1075 Indian rupees)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Muralikumar Anantharaman and Keith Weir)
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