Home Business ICICI Bank Q2 consolidated net profit up 31% to Rs 8,007 crore

ICICI Bank Q2 consolidated net profit up 31% to Rs 8,007 crore

ICICI Bank: The total income of the bank increased to Rs 31,088 crore in the quarter under review.

Mumbai:

ICICI Bank on Saturday reported a 31.43 per cent jump in its September quarter net profit at Rs 8,006.99 crore.

On a standalone basis, the second largest private sector lender reported a net profit of Rs 7,557.84 crore, a growth of 37.14 per cent in the September quarter as against Rs 5,510.95 crore in the year-ago period.

The bank’s total income rose to Rs 31,088 crore for the quarter under review, while total expenses increased to Rs 19,408 crore from Rs 18,027 crore.

Provisions declined to Rs 1,644.52 crore as against Rs 2,713.48 crore in the year-ago period, but were up as compared to Rs 1,143.82 crore in the June quarter.

On Friday, the bank’s stock closed 2.13 per cent higher at Rs 907.15 on the BSE, while the benchmark was up 0.18 per cent.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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