ICICI Bank on Friday reported a 13.7 per cent rise in consolidated net profit at Rs3,265.32 crore for three months to December, helped by better performance of subsidiaries even as concerns emerged over bad loans.It had posted a consolidated net profit of Rs2,872.30 crore for the October-December quarter of last fiscal.On a standalone basis, the bank’s post-tax net rose by a similar 14 per cent to Rs2,889 crore in the third quarter ended December 2014.
The lender’s gross non-performing assets ratio moved up to 3.40 per cent. ICICI Bank MD & CEO Chanda Kochhar blamed this on the prolonged tepidness on the macro-front, which she said is forcing recast assets to slip into Non-Performing Assets (NPAs).Kochhar said the bank’s fresh slippages stood at Rs2,279 crore in third quarter, with almost a third of it, or Rs776 crore, coming from advances restructured in the past.