ICICI Bank net jumps 20 pc to Rs 1,728cr

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ICICI Bank net jumps 20 pc to Rs 1,728cr
The country's largest private sector lender ICICI Bank today reported 20 per cent growth in net profit for the December quarter at Rs 1,728.10 crore. The city-based lender's net profit for the same period last year had stood at Rs 1,437.02 crore.

During the reporting period, the bank's total income climbed to Rs 10,483.73 crore from Rs 8,444.75 crore, it said in a filing to the BSE.

Operating profit stood at Rs 2,687.10 crore as against Rs 2,342.61 crore, it said. Its total provisions declined to Rs 341.10 crore from Rs 464.27 crore, the bank said.

The net non-performing asset ratio decreased to 0.70 percent from 1.16 per cent 12 months back, it said. Total capital adequacy stood at 18.88 per cent of which the core tier-I constituted 13.13 per cent.

Investors cheered the result and ICICI Bank shares were closed  at Rs 902 up by 50.50 points or 5.87%. The 30-share index of BSE was up 1.96 per cent.


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