ICICI Bank’s quarterly net profit rises to 36pc
MUMBAI: ICICI Bank Friday posted a 36 percent rise in net profit at Rs.1,815 crore for the quarter ended June 30 on strong loan growth and improving asset quality.
The country’s largest private lender had posted a net profit of Rs.1,332 crore during the like period of the previous financial year, the bank said in a statement.
The total income stood at Rs.11,425.6 crore during the quarter under review against Rs.9,261.4 crore during the year-ago period, it added.
The bank’s net non-performing asset ratio decreased to 0.61 percent at June 30, 2012 from 0.91 percent at June 30, 2011.
The advances increased 22 percent year-on-year to Rs. 2,68,430 crore during the period under review from Rs.2,20,693 crore during the year-ago period.
The Daily Sun/Bangladesh/ 29th July 2012