ICICI Bank Q1 profit rises 10% to ₹11,696 cr
ICICI had logged a profit of ₹10,636.12 crore in the same period of 2023-24.
ICICI Bank on July 27 reported 9.96% increase in June quarter consolidated net profit at ₹11,695.84 crore. The company had logged a profit of ₹10,636.12 crore in the same period of 2023-24.
| Photo Credit: Reuters
ICICI Bank on July 27 reported 9.96% increase in June quarter consolidated net profit at ₹11,695.84 crore.
The company had logged a profit of ₹10,636.12 crore in the same period of 2023-24.
On a standalone basis, the country's second-largest private sector lender reported 14.62% rise in profit at ₹11,059 crore as against ₹9,648.2 crore in the year-ago period.
Total income rose to ₹45,998 crore in April-June FY25 from ₹38,763 crore a year ago, as per an exchange filing by the lender.
Expenses jumped to ₹29,973 crore from ₹24,624 crore.
Overall provisions came in at ₹1,332.18 crore as against ₹1,292.44 crore for the year-ago period, and ₹718.49 crore in the March quarter.
Gross non-performing assets ratio was stable at 2.36% as on June 30, 2024.
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