Companies

ICICI Bank Q2 net rises 30 per cent

An ICICI Bank office in Chennai. The bank on Friday reported 20 per cent rise in consolidated net profit at Rs 2,390.37 crore for the second quarter ended September 30. File photo  

ICICI Bank has reported a 30 per cent growth in standalone net profit at Rs.1,956 crore for the quarter ended September 30, 2012, against Rs.1,503 crore in the corresponding period of the previous year.

Net interest income increased by 35 per cent to Rs.3,371 crore from Rs.2,506 crore.

During the quarter, the bank made provisions of Rs.508 crore as compared to Rs.319 crore.

In the first quarter,the bank had made a provision of Rs.466 crore.

Net non-performing assets, as at September 30, 2012, were Rs.2,138 crore as compared to Rs.1,941 crore as at June 30, 2012, and Rs.2,236 crore as at September 30, 2011.

The bank’s net non-performing asset ratio was 0.66 per cent as at September 30, 2012, compared to 0.61 per cent as at June 30, 2012, and 0.80 per cent as at September 30, 2011.

The bank’s provision coverage ratio computed in accordance with the Reserve Bank of India guidelines was 78.7 per cent as on September 30, 2012.

Advances increased by 18 per cent to Rs.275,076 crore from Rs.233,952 crore.

The bank’s consolidated profit after tax increased by 20 per cent to Rs.2,390 crore from Rs.1,992 crore in the corresponding period of the previous year.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Jan 29, 2022 7:07:45 AM | https://www.thehindu.com/business/companies/icici-bank-q2-net-rises-30-per-cent/article4034343.ece

Next Story