ICICI Bank Q1 PAT beats estimates; NPAs fall

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, July 27, 2012, 12:41 [IST]

ICICI Bank has reported better than expected results with net profits surging to Rs 1815.05 crores for the quarter ended June 30, 2012 as compared to Rs. 1332.2 crore for the quarter ended June 30, 2011. Total Income has increased from Rs. 9261.41 crores for the quarter ended June 30, 2011 to Rs. 11,425 crores for the quarter ended June 30, 2012.

The non performing assets have fallen marginally. The QI net NPA has fallen to 0.71% from 0.73 QoQ, while the gross NPA has fallen to 3.54% from 3.62% QoQ.

The Q1 capital adequacy ratio was 18.54% as at June 30, 2012. The shares of ICICI Bank were trading up 3.08% at Rs 933 on the Bombay Stock Exchange.

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