India, Oct. 19 -- ICICI Bank on Saturday reported that its consolidated net profit for the September quarter inched up by 3.2 per cent to '13,357 crore as a fall in provisions helped overcome the impact of margin compression. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post-tax profit at '12,359 crore, up from '11,746 crore in the year-ago period.

The core net interest income increased 7.4 per cent to '21,529 crore on the back of 10.6 per cent growth in advances and the compression in net interest margin to 4.30 per cent from 4.53 per cent in the year-ago period. Its executive director Sandeep Batra told reporters that NIMs will stay "range-bound" going ahead, but added that anoth...