Second largest private sector lender ICICI Bank on Saturday reported 78 percent year-on-year (YoY) rise in standalone net profit at Rs 4,616 crore for the June quarter as against Rs 2,599 crore in the same quarter last year.
CNBC-TV18 had predicted a profit of Rs 4,821.8 crore.
The total income for the bank, however, came at Rs 24,379 crore, lower when compared with the Rs 26,067 crore in the year-ago period. Its overall provisions came at Rs 2,852 crore, nearly a third of the Rs 7,594 crore set aside for the year-ago period, the bank said in an exchange filing.
.The net interest income (NII) for the quarter rose 18 percent year-on-year to Rs 10,936 crore from Rs 9,280 crore YoY.
The bank's Q1FY22 gross NPA stood at 5.2 percent against 5 percent QoQ while net NPA came at 1.2 percent against 1.1 percent QoQ. Gross NPA stood at Rs 43,148.3 crore against Rs 41,373.2 crore QoQ. Net NPA remained at Rs 9,305.8 crore against Rs 91,80 crore QoQ.
(Edited by : Anshul)
First Published: IST