MUMBAI, Oct 18 (Reuters) - Indian private lender ICICI Bank ICBK.NS reported a higher-than-expected profit for the second quarter on Saturday, as lower provisions against bad loans balanced out a fall in treasury income.
The country’s second-largest private lender by market capitalisation posted a standalone net profit of 123.59 billion Indian rupees ($1.40 billion) for the three months ended September, compared with 117.46 billion rupees a year earlier.
Analysts had expected a profit of 122.36 billion rupees, according to data compiled by LSEG.
($1 = 87.9740 Indian rupees)
(Reporting by Ashwin Manikandan and Ira Dugal; Editing by Ronojoy Mazumdar)
((Ashwin.Manikandan@thomsonreuters.com;))