NEW DELHI: ICICI Bank on Saturday posted 158.32 per cent year-on-year rise in standalone profit at Rs 4,146 crore for the quarter ended December 31. The private lender had posted a profit of Rs 1,605 crore in the same period last year.
The bank made Rs 2 083.20 crore in provisions and contingencies, down 51 per cent over Rs 4,244 crore worth of provisions it made in the year-ago quarter. Recoveries, upgrades and other deletions, excluding writeoffs, stood at Rs 4,088 crore for the quarter, the bank said in a BSE filing.
Net interest income (NII) for the quarter rose 24 per cent YoY to Rs 8,545 crore compared with Rs 6,875 crore in the year-ago quarter. Fee income rose 17 per cent to Rs 3,596 crore. Retail fees constituted 77 per cent of total fees, the bank said. Treasury income advanced 11 per cent Rs 531 crore from Rs 479 crore.
Non-interest income, excluding treasury income, stood at Rs 4,043 crore against Rs 3,404 crore YoY.
Net interest margin (NIM) came in at 3.77 per cent against 3.64 per cent in September quarter and 3.40 per cent in the year-ago quarter.
Gross NPA for the quarter fell to 5.95 per cent from 6.37 per cent in September quarter and 7.75 per cent in the same quarter last year.
Loan growth for the quarter stood at 16 per cent YoY, with retail loans growing at 19 per cent YoY and corporate portfolio seeing a 12 per cent growth.
Balance sheet crossed the Rs 10 lakh crore-mark, as total assets stood at Rs 10,07,068 crore as of December 31.
Core operating profit (profit before provisions and tax, excluding treasury income) grew by 24 per cent to Rs 7,017 crore.
More to come…
Source: Economic Times
