Mumbai: Private sector lender, ICICI Bank reported 28 pc drop in net profit at Rs 654.96 crore for the quarter ended September 2019 as compared with Rs 908.88 crore in the same period a year ago.
'Excluding the impact of one-time additional charge due to re-measurement of accumulated deferred tax, profit after tax would have been Rs 3,575 crore in Q2FY20 compared with Rs 909 crore in Q2FY19,' bank release said.
However, Total income for the quarter under review rose by 24.63 pc to Rs 22759.52 as compared with Rs 18262.12 for the quarter ended September 30, 2019.
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