Industry

ICICI Bank Q4 net rises 26% to ₹1,221 crore

An ICICI Bank branch. File   | Photo Credit: H. S. Manjunath

ICICI Bank on Saturday reported a 26% rise in standalone net profit at ₹1,221 crore for the March quarter.

The bank had posted a net profit of ₹969 crore in the corresponding January-March period of 2018-19.

Total income during the quarter under review increased to ₹23,443.66 crore, from ₹20,913.82 crore in the same period of the preceding fiscal, ICICI Bank said in a regulatory filing.

On the assets front, gross non-performing assets (NPAs) stood at 5.53% of gross advances as on March 31, 2020, compared to 6.70 per cent last year.

Net NPAs or bad loans were trimmed to 1.41% as against 2.06%.

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Printable version | Oct 24, 2020 9:50:52 AM | https://www.thehindu.com/business/Industry/icici-bank-q4-net-rises-26-to-1221-crore/article31545133.ece

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