ICICI Bank Ltd. reported profit that surpassed analyst expectations as demand for loans held strong in the world’s most populous nation, boosting its interest income.

Net income rose to 110.59 billion rupees ($1.3 billion) in the three months ended June 30, up from 96.5 billion rupees a year ago, the lender said in a statement Saturday. That beat the average analyst estimate of 105.17 billion rupees in a Bloomberg survey.