ICICI Bank shares pare early gains, settle 1% down

ICICI Bank shares pare early gains, settle 1% down

AgenciesUpdated: Monday, January 24, 2022, 05:16 PM IST
article-image
The stock had gained nearly 2% after the bank reported an 18.8 per cent rise in its December quarter consolidated net profit. | icicibank.com

Shares of ICICI Bank pared early gains and settled lower by more than 1 per cent amid profit-taking in-tandem with weak broader market trends.

The stock had gained nearly 2 per cent after the bank reported an 18.8 per cent rise in its December quarter consolidated net profit.

The bank had posted a consolidated net profit of Rs 5,498.15 crore in the same quarter of the previous fiscal.

The bank's total income was down at Rs 39,865.80 crore in the third quarter this fiscal, the firm said.

The bank posted an improvement in gross non-performing assets (NPAs) ratio at 4.13 per cent from 4.38 per cent at the end of the third quarter of the previous year.

(With inputs from PTI)

RECENT STORIES

Infosys Q4 FY24 Earnings: 1.3% Revenue Growth, 30% Surge In Net Profit YoY

Infosys Q4 FY24 Earnings: 1.3% Revenue Growth, 30% Surge In Net Profit YoY

Gold Falls ₹250 To ₹73,700 Per 10 Grams; Silver Stays Flat

Gold Falls ₹250 To ₹73,700 Per 10 Grams; Silver Stays Flat

Style Revival: Piaggio's Refined Vespa 140th Edition Limited

Style Revival: Piaggio's Refined Vespa 140th Edition Limited

Force Gurkha 5-Door Interior Teaser Hints at Exciting Features Before India Debut

Force Gurkha 5-Door Interior Teaser Hints at Exciting Features Before India Debut

Hindustan Zinc Says It Becomes 3rd Largest Silver Producer Globally

Hindustan Zinc Says It Becomes 3rd Largest Silver Producer Globally