Private Sector Lender ICICI bank has posted a growth of 20.2% in its net profit to Rs.1,728 crore during the December quarter as compared to Rs.1,437 crore recorded in the same quarter of the last financial year.
The bank’s net Interest Income surged 17.3% to Rs.2,712 crore in the December quarter as against Rs.2,311 crore in the corresponding quarter of the last financial year. Gross NPA was stood at 3.82% versus 4.14%.
Provisional amount declined by 26.5% to Rs.341 crore from Rs.464 crore in the same period of the last year. During the period, loan growth of the bank increased by 19% on a yearly basis and 5.2% on a quarterly basis while deposits increased by 19.68% over a year and 6% on a quarterly basis.
Post the news announcement, ICICI bank was surged 5.76% to Rs.901 per share on the Bombay Stock Exchange. The scrip has touched a day high of Rs.906.40 per share and a day low of Rs.856 per share in the trade so far.
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