ICICI Bank Q3 net dips 26% to Rs 1,101 cr

Private sector lender ICICI Bank today reported a 26.36 per cent drop in consolidated net profit at Rs 1,148.66 crore for the third quarter (Q3) ended December 31, 2009.

Total income declined to Rs 14,176.84 crore during the October-December quarter from Rs 16,922.73 crore in the year- ago period, ICICI Bank said in a filing to the Bombay Stock Exchange.

On a standalone basis, ICICI Bank posted 13.45 per cent fall in net profit at Rs 1,101.06 crore in the third quarter.

The total income decreased to Rs 7,762.71 crore during the three-month period, from Rs 10,350.62 crore in the year- ago period.

During the quarter the bank's fee income increased to Rs 1,422 crore in the Q3 FY'10, up by 6 per cent over the year- ago period.

Shares of ICICI Bank were trading at Rs 853.25, down 2.72 per cent over previous closing on the BSE.