ICICI Bank net profit up 21 percent

Monday, 27 July 2009, 14:34 IST
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Mumbai: India's largest private lender ICICI Bank Saturday reported a 21 percent increase in net profit at 878 crore ($183 million) for the quarter ended June 30, as compared to 728 crore in the same period last year. The total interest income fell 5.02 percent to 1,985 crore in the quarter from 2,090 crore in the corresponding period last year, the bank said in a regulatory statement. The bank's non-interest income composed of fees earned and income from lease and treasury operations grew 35.89 percent to 2,090 crore in the first quarter from 1,538 crore in the year-ago period.
Source: IANS