The bank reported in a regulatory filing that its overall revenue climbed to Rs 33,529 crore in the most recent December quarter from Rs 27,069 crore in the prior quarter.
Digital Desk: Private sector lender ICICI Bank announced on Saturday that a solid rise in net interest income has helped it increase its standalone profit by 34% to Rs 8,312 crore for the quarter that ended in December 2022.
In the same quarter a year prior, the bank reported a net profit of Rs 6,194 crore.
The bank reported in a regulatory filing that its overall revenue climbed to Rs 33,529 crore in the most recent December quarter from Rs 27,069 crore in the prior quarter.
From Rs 12,236 crore in the third quarter of last year, net interest income (NII) jumped by 34.6% to Rs 16,465 crore in the current quarter.
Additionally, the Net Interest Margin (NIM) increased to 4.65% from 3.96% during the same time last year.
With gross NPAs (Non-Performing Assets) falling to 3.07% from 4.13% at the end of the third quarter of the previous fiscal, the bank saw considerable improvement on the asset quality front.
Net NPAs also decreased, from 0.84 percent at the same time last year to 0.55 percent this year.
From Rs 6,536 crore in the third quarter of FY22, the bank's consolidated profit climbed by 34.5% to Rs 8,792 crore.
Continue Reading
