ICICI Bank net profit slumps 19% due to rising bad loans
Banking major ICICI Bank on Tuesday reported a 19% year-on-year decline in net profit at ₹2,442 crore for the December quarter as bad loans climbed. Further, the firm's net interest income, the core income a bank earns by giving loans, also fell marginally. The bank's bad loans surged by as much as 78.34%, as against the year ago period. 