For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

'ICICI Bank' Stock Jumps Nearly 2 Pc After Earnings

By
|

Shares of ICICI Bank on Monday gained nearly 2 per cent after the company reported a 59 per cent jump in standalone net profit for the fourth quarter of 2021-22. The stock jumped 1.89 per cent to Rs 761.50 on the BSE. At the NSE, it went up by 1.83 per cent to Rs 761.35.

 
'ICICI Bank' Stock Jumps Nearly 2 Pc After Earnings

The private sector lender on Saturday reported a 59 per cent jump in standalone net profit to Rs 7,019 crore for the fourth quarter of 2021-22. The bank had earned a profit of Rs 4,403 crore in the corresponding January-March period of the last year. Total income of the bank rose to Rs 27,412 crore in January-March from Rs 23,953 crore in the year-ago quarter, ICICI Bank said in a regulatory filing.

Net interest income (NII) increased 21 per cent to Rs 12,605 crore from Rs 10,431 crore in the same quarter a year ago, it said. On a consolidated basis, ICICI Bank Group's net profit jumped 58 per cent to Rs 7,719 crore in March quarter from Rs 4,886 crore in the year-ago period. The bank's asset quality improved as gross non-performing assets fell to 3.60 per cent of gross advances as of March 31, 2022, from 4.96 per cent in the corresponding period a year ago. Net NPAs also declined to 0.76 per cent from 1.14 per cent at the end of the fourth quarter of the previous financial year.

(PTI)

Read more about: icici bank
Story first published: Monday, April 25, 2022, 11:44 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X