ICICI Bank has achieved a lower net profit of Rs. 1,101.06 crore in the quarter ended December 31, 2009, against Rs. 1,272.15 crore in the same quarter in 2008-09. Total income has declined to Rs. 7,762.71 crore from Rs. 10,350.62 crore.

According to a release, net interest income has risen to Rs. 2,058 crore from Rs. 1,990 crore and non-interest income has declined to Rs. 1,673 crore from Rs. 2,515 crore.

Rise in interest margins

Net interest margin has increased to 2.6 per cent for the quarter ended December 31, 2009, from 2.4 per cent in the quarter ended December 31, 2008.

Fee income has increased to Rs. 1,422 crore from Rs.1,387 crore.

Deposits stood at Rs.1,97,653 crore as on December 31, 2009, as compared to Rs. 1,97,832 crore at the end of September 30, 2009, and Rs. 2,09,065 crore at the end of December 31, 2008. Advances stood at Rs. 1,79,269 crore as compared to Rs. 2,12,521 crore at the end of December 31, 2009.

The capital adequacy ratio at the end of December 31, 2009, as per Basel II norms was 19.4 per cent and Tier-1 capital adequacy 14.2 per cent.

Net non-performing assets have decreased to Rs. 4,416 crore from Rs. 4,558 crore.

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