ICICI’s third quarter net profit up 20.25 percent
MUMBAI: India’s largest private lender ICICI Bank on Tuesday reported a 20.2 per cent rise in net profit for the quarter ending December at Rs1,728.1 crore from Rs1,437.02 crore in the like period 2010-11.
The private lender said in a regulatory filing that its total income in the period under review rose by 24.14 per cent at Rs10,483.73 crore from Rs8,444.75 crore in the quarter ended December 31, 2010. The bank’s interest income in the quarter ended December 31, 2011 rose by 28.31 per cent at Rs8,591.87 crore from Rs6,695.96 crore in the same period of 2010-11.
The other income of the private lender in the last quarter increased by 8.81 per cent at Rs1,891.86 crore from Rs1,748.79 crore in the corresponding quarter of the last fiscal. The bank reported a decline in its net non-performing advances (NPA) at 0.83 per cent in the quarter under review from 1.39 per cent in the corresponding period of last fiscal.
Gross non-performing advances in the quarter ended December 31, at 3.82 per cent from 4.75 in the like period of 2010-11. The bank reported an increase of 6.61 percent in its consolidated net profit of Rs 2,174.22 crore for the quarter ended December 31, 2011 as compared to Rs2,039.4 crore in the like period of 2010-11.
The total consolidate income increased by 7.01 per cent from Rs16,497.35 crore in the quarter under review from Rs15,415.85 crore for the quarter ended December 31, 2010.
Category: Business, Business News, Headlines
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