ICICI Bank Net Profit Rises 30% To Rs 5,511 Crore In September Quarter

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ICICI Bank Q2 Earnings: Net profit rose 29.6 per cent to Rs 5,511 crore

ICICI Bank Q2 FY22 Results: ICICI Bank reported a 29.6 per cent rise in net profit to Rs 5,511 crore on a standalone basis for the July-September quarter in the financial year 2021-22, compared to Rs 4,251.3 crore in the year-ago period.

ICICI Bank Q2 Results: Here’s All You Need To Know

  1. ICICI Bank’s core operating profit – the profit before provisions and taxes, increased 23 per cent year-on-year to Rs 9,518 crore in the second quarter of the financial year 2021-22, compared to Rs 7,719 crore in the year-ago period. (Also Read: ICICI Bank Profit Rises 78% To Rs 4,616 Crore In June Quarter, Provisions Fall )

  2. The private sector bank’s net interest income (NII) – or the difference between interest earned and interest paid, in the September quarter increased 25 per cent year-on-year to Rs 11,690 crore, compared to Rs 9,366 crore in the same quarter last year.

  3. The bank’s net non-performing assets (NPAs) were Rs 8,161 crore in the September quarter, compared to Rs 9,306 crore in the preceding April-June quarter. The net NPA ratio was 0.99 per cent by the end of September 2021, compared to 1.16 per cent by June 2021.

  4. The total income stood at Rs 26,030.82 crore in the September quarter, compared to Rs 23,650.77 crore in the year-ago period. The net interest margin was four per cent in the quarter, compared to 3.89 per cent in the preceding June quarter.

  5. On Friday, October 22, shares of ICICI Bank settled 0.30 per cent higher at Rs 759.10 apiece on the BSE.

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