ICICI Bank Q4 net rises 26% to ₹1,221 crore

ICICI Bank on Saturday reported a 26% rise in standalone net profit at ₹1,221 crore for the March quarter.

The bank had posted a net profit of ₹969 crore in the corresponding January-March period of 2018-19.

Total income during the quarter under review increased to ₹23,443.66 crore, from ₹20,913.82 crore in the same period of the preceding fiscal, ICICI Bank said in a regulatory filing.

On the assets front, gross non-performing assets (NPAs) stood at 5.53% of gross advances as on March 31, 2020, compared to 6.70 per cent last year.

Net NPAs or bad loans were trimmed to 1.41% as against 2.06%.

You have reached your limit for free articles this month.

Register to The Hindu for free and get unlimited access for 30 days.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *