ICICI Bank, one of the India's largest private sector banks, reported a 24.99% fall in standalone profit after tax to Rs 22.32 billion for the quarter ended June 30, 2016 from Rs 29.76 billion for the same quarter last year.

Total income increased by 6.06% to Rs 167.59 billion in the quarter ended June 30, 2016 from Rs 158.02 billion in the quarter ended June 30, 2015.

Net interest income was Rs 51.59 billion in the quarter ended June 30, 2016 (Q1-2017) compared to Rs 51.15 billion in the quarter ended June 30, 2015 (Q1-2016). Non-interest income increased by 15% to Rs 34.29 billion in Q1-2017 from Rs 29.90 billion in Q1-2016.

The cost-to-income ratio was 39.3% in Q1-2017 compared to 37.8% in Q1-2016.

Provisions were at Rs 25.15 billion in Q1-2017 compared to Rs 33.26 billion in the quarter ended March 31, 2016 (Q4-2016) and Rs 9.56 billion in Q1-2016.

Shares of the bank declined Rs 9.25, or 3.4%, to settle  at  Rs 262.85.  The total volume of shares traded  was  1,458,157 at  the BSE (Friday).