Tuesday, January 31, 2012

ICICI Bank Q3 net rises 20% to Rs 1,728 cr


Country's second largest lender ICICI Bank reported a 20.2% jump in net profit for the quarter ended December 2011 at Rs 1,728 crore as against Rs 1,437 crore in the same period a year ago.

Net interest income also increased 17.3% to Rs 2,712 crore in December 2011 from Rs 2,311 crore in December 2010.


Gross net performing assets too improved to 3.82% versus 4.14% a year ago.

However, provisions fell 26.5% to Rs 341 crore from Rs 464 crore in December 2010.

The bank's stocks were trading at Rs 890 apiece, trading 4.5% up, on Bombay Stock Exchange at 1315 hours.

No comments:

Post a Comment