 "The HFC's loan book currently stands at ~ 100 billion and the company aims to triple it to Rs 300 billion in three-four years")
Private lender ICICI Bank saw its net profit for the September quarter fall by 55.8 per cent to Rs 9.09 billion against Rs 20.58 billion a year ago, said the lender. While this is lower than Rs 9.49 billion according to a Bloomberg poll of analysts, the fall is largely due to a decline in other income.
The bank had reported its first-ever loss, amounting to Rs 1.2 billion, in the June quarter. The quarter also saw Managing Director (MD) and Chief Executive Officer (CEO) Chanda Kochhar going on leave in June, after facing allegations of conflict of interest.
This was the
