Friday, March 29, 2024
HomeBusinessICICI Bank Q4 Results: Consolidated Net Profit Jumps 27% To Rs 9,852.7...

ICICI Bank Q4 Results: Consolidated Net Profit Jumps 27% To Rs 9,852.7 Cr


The share of gross non-performing assets in the overall loans was 2.81 per cent as of March 31, 2023.

The share of gross non-performing assets in the overall loans was 2.81 per cent as of March 31, 2023.

On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March quarter at Rs 9,121.87 crore.

Private lender ICICI Bank on Saturday reported a 27.64 per cent jump in consolidated net profit to Rs 9,852.70 crore for the January-March quarter of 2022-23 compared to the year ago period.

On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March quarter at Rs 9,121.87 crore.

Its total income moved up to Rs 36,108.88 crore in the reporting quarter, as against Rs 27,412.32 crore in the year-ago period, while the overall expenses moved up to Rs 22,282.50 crore from Rs 17,119.38 crore in the year-ago period.

The share of gross non-performing assets in the overall loans was 2.81 per cent as of March 31, 2023, which is an improvement from 3.60 per cent in the year-ago period and 3.07 per cent in the quarter-ago period.

Its overall provisions increased to Rs 1,619.80 crore from Rs 1,068.95 crore in the year-ago period, but were down when compared with the December quarter’s Rs 2,257.44 crore.

Read all the Latest Business News, Tax News and Stock Market Updates here

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments