ICICI Bank, one of the India's largest private sector banks, disclosed a fall in standalone net profit for the quarter ended June 2017. During the quarter, the profit of the bank fall 8.20% to Rs 20.49 billion from Rs 22.32 billion in the same quarter last year.

Total income for the quarter gained 0.53% to Rs 168.47 billion, compared with Rs 167.59 billion for the prior year period.

Net interest income increased by 8% on a year-on-year basis to Rs 55.90 billion (USD 866 million) in the quarter ended June 30, 2017 (Q1-2018) from Rs 51.59 billion (USD 799 million) in the quarter ended June 30, 2016 (Q1-2017).

Fee income increased by 10% on a year-on-year basis to Rs 23.77 billion (USD 368 million) in Q1-2018 from Rs 21.56 billion (USD 334 million) in Q1-2017.

Shares of the bank declined Rs 6.85, or 2.23%, to trade at Rs 300.20. The total volume of shares traded was 322,014 at the BSE (9.57 a.m., Friday).