New Delhi : Private sector ICICI Bank has released its quarterly results. These results have revealed that ICICI Bank has made profit on a standalone basis in the second July-September quarter of the current financial year i.e. 2024-25. It is noteworthy that the bank has made a profit of Rs 11,746 crore in the second quarter with an increase of 14.5 percent. In the same quarter last year, the net profit of ICICI Bank was Rs 10,261 crore.
In the information given to the stock market on Saturday, the bank has said that its total income has increased to Rs 47,714 crore in the September quarter, which was Rs 40,697 crore in the same quarter of the last financial year. The interest income of the bank has increased to Rs 40,537 crore, which was Rs 34,920 crore in the same quarter of the last financial year.
decline in gross debt
The bank's net interest income increased by 9.5 percent to Rs 20,048 crore from Rs 18,308 crore in the same quarter of the last financial year. On the asset quality front, the bank's gross non-performing assets or NPAs declined to 1.97 per cent of gross loans by the end of September 2024, compared to 2.48 per cent a year ago.
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NPA also reduced
Similarly, net NPA declined to 0.42 per cent from 0.43 per cent at the end of second quarter of last financial year. On a consolidated basis, the bank's net profit increased by 19 per cent to Rs 12,948 crore in the September quarter from Rs 10,896 crore in the same quarter of the last financial year.
ICICI Bank
ICICI Bank is India's leading banking and financial services institution. It is the third largest bank in India. It is the largest private sector bank in India in terms of market capitalization. This bank has 2883 branches and 10021 ATMs in India. It is also present in 19 other countries. ICICI Bank's equity shares are listed in India on the Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
(with agency input)
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