ICICI Bank reported 158.36% rise in net profit to Rs 4146.46 crore on 17.23% rise in total income to Rs 23,638.26 crore in Q3 December 2019 over Q3 December 2018. Net interest margin stood at 3.77%. Net non-performing asset (NPA) ratio decreased from 2.58% at 31 December 2018 to 1.49% at 31 December 2019.

Ion Exchange (India) reported 215.75% jump in consolidated net profit to Rs 26.46 crore on 54.02% rise in total income to Rs 406.10 crore in Q3 December 2019 over Q3 December 2018.

Bank of Baroda reported loss of Rs 1406.95 crore at net level against a net profit of Rs 471.25 crore on 49.76% rise in total income to Rs 21,809.08 crore in Q3 December 2019 over Q3 December 2018. The bank has amalgamated with itself Vijaya Bank and Dena Bank w.e.f. 1 April 2019. Accordingly financials as on December 2018 are combined figures of three banks. The combined financials have been arrived at by aggregation of audited numbers and do not entail any adjustments.

Axis Bank said that the bank proposes to raise funds by issuing Senior Unsecured Redeemable non-convertible debentures (Series - 5) of Rs 10 lakh each for cash at par aggregating upto Rs 5,000 crore.

JSW Steel reported 87.01% fall in consolidated net profit to Rs 211.00 crore on 10.68% fall in total income to Rs 18,182.00 crore in Q3 December 2019 over Q3 December 2018. Crude steel production was impacted due to extended monsoon which impacted operations at its both Dolvi and Vijaynagar plants.

Vodafone Idea said CRISIL downgraded its rating on Non-Convertible Debentures of Rs 3,500 crore from CRISIL BBB- to CRISIL BB (rating watch with negative implications) on account of expectation of a significant deterioration in company's financial risk profile on account of the potential payout against the adjusted gross revenue (AGR) related liability, post the dismissal of the review petition by the Supreme Court. India Ratings also downgraded Vodafone Ideas Rs 3500-crore debt from BBB to BBB minus on account of crystallisation of adjusted gross revenue (AGR) related liabilities, post the dismissal of the review petition by the Supreme Court.

Siemens informed that the company entered into definitive agreements for the acquisition of 99.22% (approximately) of the paid-up equity share capital of C&S Electric from its promoters for Rs 2120 crore, subject to receipt of requisite regulatory approvals and fulfillment of condition precedents as agreed between the parties.