NEW YORK (TheStreet) -- Shares of ICICI Bank (IBN) fell 4.89% to $12.06 in early afternoon trading Friday after India's largest private-sector lender announced worsening asset quality in its third-quarter earnings report.
The company said gross non-performing assets, or NPA, increased 35 basis points year-over-year and 28 basis points sequentially to 3.4%. Net non-performing assets climbed 33 basis points year-over-year and 18 basis points sequentially to 1.27%.
More than 8.6 million shares had changed hands as of 12:26 p.m., compared to the daily average volume of 5,940,180. The stock had an intraday range of $11.86 to $12.22 and a 52-week range of $6.19 to $13.24.
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