ICICI Bank Reports 12 Percent Rise In Q2 Profit At Rs 3,419 Crore

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mumbai, Oct 30 (PTI) India's largest private sector lender ICICI Bank today reported a 11.5 per cent jump in consolidated net profit at Rs 3,418.53 crore for the second quarter ended September 30.

    The bank's net profit in July-September quarter of the previous fiscal was Rs 3,064.62 crore. Total income during the second quarter increased to Rs 25,137.61 crore, up 13.5 per cent as against Rs 22,150.39 crore earned by the bank in the same period of earlier fiscal, it said in a regulatory filing.

    ICICI Bank Reports 12 Percent Rise In Q2 Profit At Rs 3,419 Crore
    ICICI Bank: Quotes, News
    BSE 351.75BSE Quote1.35 (0.38%)
    NSE 352.05NSE Quote0.75 (0.21%)
     

    On standalone basis, the net profit of the bank rose by 11.9 per cent to Rs 3,030.11 crore, from Rs 2,709.01 crore in the year ago period.

    Income (standalone) during the second quarter increased to Rs 16,106.22 crore compared with Rs 14,888.95 crore in the same quarter of 2014-15.

    The bank's net interest income increased 13 per cent to Rs 5,251 crore in the second quarter from Rs 4,657 crore a year ago.

    Non-interest income increased by 10 per cent to Rs 3,007 crore during the quarter under review from Rs 2,738 crore.

    On asset quality, bank's bad loans rose a tad with gross non-performing assets (NPAs) standing at 3.77 per cent of gross advances as of September 30, as against 3.12 per cent in the year ago period.

    Likewise, net NPAs were at 1.65 per cent of net advances compared with 1.09 per cent in the previous fiscal.

    "Provisions were at Rs 942 crore in July-September of 2015-16 compared with Rs 850 crore in same period year ago," it said.

    Further, the bank said that its capital adequacy as of September 30 as per RBI guidelines on Basel III norms was 16.15 per cent and tier-I capital adequacy was 12.09 per cent, well above regulatory requirements.

    ICICI Bank scrip was trading at Rs 273.40 on BSE during afternoon trade, up 0.72 per cent from previous close.

    PTI

    Read more about: icici bank
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more