ICICI Bank third-quarter net profit dives 32 percent

(Reuters) - India's ICICI Bank's third-quarter profit plunged 32 percent, it said on Wednesday, lagging market expectations. The bank, India's third-largest by assets, reported net profit of 16.5 billion rupees ($259.4 million) for the three months to Dec. 31, against 24.

42 billion rupees in the same period a year earlier. (http://bit.ly/2ntQEyc)That compared with the 19.54 billion rupees average profit estimate of 24 analysts, Thomson Reuters data shows.Gross bad loans as a percentage of total loans stood at 7.82 percent at the end of December,.....

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