ICICI Bank Q2 beats estimates; net profit rises 30%
The non performing assets (NPAs) rose to Rs 2,138 crore when compared to Rs 1,941 crore of the last quarter.
The company's net interest margin improved to 3.00% for Q2-2013 from 2.61% for Q2-2012.
Net interest income increased by 35% to Rs 3,371 crore in Q2-2013 from Rs 2,506 crore in Q2-2012.
The bank rose 20% year-on-year in consolidated profit after tax to Rs 2,390 crore for Q2-2013 from Rs 1,992 crore for Q2-2012
Strong capital adequacy ratio of 18.28% and Tier-1 capital adequacy of 12.83%, well above RBI's requirement of total capital adequacy of 9.0% and Tier-1 capital adequacy of 6.0%.
Shares of the company was seen trading at Rs 1087, marginally higher by 0.13% on BSE at 1.05 pm IST. It touched an intra-day low of Rs 1076.
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