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ICICI Bank reports net decline of 19% for Q3 to Rs 2,442 cr

ICICI Bank Ltd has posted a decline of 19% for its third quarter on account of rise in bad loans.

The net profit declined to Rs 2,442 crore for the December quarter from Rs 3,018 crore of a last year.

The bad loans as a percentage of total loans increased to 7.91% at the end of December, from 6.82% at the end of September and 4.72% of a previous year.

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