Share price of ICICI Bank plunged over 5 per cent, here on Monday, despite an improved quarterly result. The analysts attributed the slump to the lower-than-expected rise in profits.

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At 2.26 p.m, the bank's share was trading on the BSE at Rs 321.70, lower by Rs 16.05 or 4.75 per cent from the previous close.

On Saturday, the bank reported a 26 per cent year-on-year rise in standalone net profit for the fourth quarter of 2019-20 at Rs 1,221 crore.

The bank made provisions, excluding those linked to Covid-19 and tax, worth Rs 3,242 crore in Q4 against Rs 2,725 crore in the year-ago quarter.