ICICI Bank has posted a 13% drop in net profit at Rs 1,101.06 crore, on a standalone basis, for the quarter ended December 31, 2009 whereas it had a net profit of Rs 1,272.15 crore in the quarter ended December 31, 2008.
According to an official release issued by the bank to the BSE today, total income has decreased from Rs 10,350.62 crore for the quarter ended December 31, 2008 to Rs 7,762.71 crore for the quarter under review.
The bank has posted a 26% drop in consolidated net profit at Rs 1148.66 crore for the quarter ended December 31, 2009 when compared with Rs 1559.76 crore for the quarter ended December 31, 2008.
Its total consolidated income has decreased to Rs 14,176.84 crore for the quarter ended December 31, 2009 from Rs 16,922.73 crore for the quarter ended December 31, 2008.
Full Article & source BloombergUTV
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