Magazine : 
ICICI Bank Quarterly Net Profit Rises 36 Percent
Mumbai: ICICI Bank posted a 36 percent rise in net profit at 
1,815 crore for the quarter ended June 30 on strong loan growth and improving asset quality.
The country's largest private lender had posted a net profit of 1,332 crore during the like period of the previous financial year, the bank said in a statement.
The total income stood at 11,425.6 crore during the quarter under review against 9,261.4 crore during the year-ago period, it added.
The bank's net non-performing asset ratio decreased to 0.61 percent at June 30, 2012 from 0.91 percent at June 30, 2011.
The advances increased 22 percent year-on-year to 2,68,430 crore during the period under review from 2,20,693 crore during the year-ago period.
The savings accounts deposits increased 17 percent year-on-year to 77,923 crore.
At the Bombay Stock Exchange, the shares of the company were 2.54 percent up at 929.90.
The comapny had reported a 44 percent increase in net profit for the quarter in the year 2011 1,452 crore ($ 326 million). The bank's board then recommended a dividend of 14 per equity share.
Source: IANS
1,815 crore for the quarter ended June 30 on strong loan growth and improving asset quality.
The country's largest private lender had posted a net profit of 1,332 crore during the like period of the previous financial year, the bank said in a statement.
The total income stood at 11,425.6 crore during the quarter under review against 9,261.4 crore during the year-ago period, it added.
The bank's net non-performing asset ratio decreased to 0.61 percent at June 30, 2012 from 0.91 percent at June 30, 2011.
The advances increased 22 percent year-on-year to 2,68,430 crore during the period under review from 2,20,693 crore during the year-ago period.
The savings accounts deposits increased 17 percent year-on-year to 77,923 crore.
At the Bombay Stock Exchange, the shares of the company were 2.54 percent up at 929.90.
The comapny had reported a 44 percent increase in net profit for the quarter in the year 2011 1,452 crore ($ 326 million). The bank's board then recommended a dividend of 14 per equity share.
