ICICI Banks Records 19% Surge In Q-3 Net Profit; Asset Value Rise 3%
A surge of 19% in net profit was recorded by ICICI Bank for the third quarter ended on December 31, 2020. The net profit soared at Rs 4,940 crore, where it was Rs 4,146 crore a year ago in 2019. Moreover, the private sector lender witnessed a 3% surge in its asset at Rs 24,416 crore from Rs 23,638 crore last year. Notably, the capital adequacy of the company stood at 18.04%.