ICICI Bank net profit up 19% at Rs 4,940 crore

ICICI Bank on Saturday reported a 19% year-on-year (y-o-y) rise in its net profit at Rs 4,940 crore in the December quarter (Q3FY21) on the back of healthy interest income and improved asset quality. Sequentially, its net profit rose 16%. The operating profit of the lender increased 17% y-o-y and 7% quarter-on-quarter (q-o-q) to Rs 8,820 crore. The interest income (NII) increased 16% y-o-y and 6% q-o-q to Rs 9,912 crore. Provisions for the lender increased 32% y-o-y to Rs 2,742 crore, but declined 8% sequentially.

Leave a Reply

Your email address will not be published. Required fields are marked *