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NEW DELHI: Private sector lender ICICI Bank on Saturday reported a 34 per cent soar in its standalone profit at Rs 8,312 crore for the quarter resulted in December 2022, helped by wholesome development in web curiosity earnings.
The financial institution had posted a web profit of Rs 6,194 crore in the identical quarter a 12 months in the past.
The financial institution’s whole earnings elevated to Rs 33,529 crore within the newest December quarter from Rs 27,069 crore within the 12 months-in the past interval, the financial institution mentioned in a regulatory submitting.
Net curiosity earnings (NII) elevated by 34.6 per cent to Rs 16,465 crore from Rs 12,236 crore within the third quarter a 12 months in the past.
Net Interest Margin (NIM) too improved to 4.65 per cent as in contrast to 3.96 per cent in the identical interval a 12 months in the past.
On the asset high quality entrance, the financial institution recorded an enchancment with gross NPAs (Non-Performing Assets) declining to 3.07 per cent as in contrast to 4.13 per cent on the finish of the third quarter of earlier fiscal.
Net NPAs additionally eased to 0.55 per cent as towards 0.84 per cent in the identical interval a 12 months in the past.
The financial institution’s consolidated profit elevated by 34.5 per cent to Rs 8,792 crore from Rs 6,536 crore within the third quarter of FY22.
The financial institution had posted a web profit of Rs 6,194 crore in the identical quarter a 12 months in the past.
The financial institution’s whole earnings elevated to Rs 33,529 crore within the newest December quarter from Rs 27,069 crore within the 12 months-in the past interval, the financial institution mentioned in a regulatory submitting.
Net curiosity earnings (NII) elevated by 34.6 per cent to Rs 16,465 crore from Rs 12,236 crore within the third quarter a 12 months in the past.
Net Interest Margin (NIM) too improved to 4.65 per cent as in contrast to 3.96 per cent in the identical interval a 12 months in the past.
On the asset high quality entrance, the financial institution recorded an enchancment with gross NPAs (Non-Performing Assets) declining to 3.07 per cent as in contrast to 4.13 per cent on the finish of the third quarter of earlier fiscal.
Net NPAs additionally eased to 0.55 per cent as towards 0.84 per cent in the identical interval a 12 months in the past.
The financial institution’s consolidated profit elevated by 34.5 per cent to Rs 8,792 crore from Rs 6,536 crore within the third quarter of FY22.
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