ICICI Bank Posts Rs. 1,908 Crore Profit In June Quarter

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ICICI Bank on Saturday reported a net profit of Rs. 1,908.03 crore for the quarter ended June 30. The private sector lender had reported a net loss of Rs. 119.55 crore for the corresponding three-month period a year ago.
In a regulatory filing, ICICI Bank said its net income stood at Rs. 21,405.50 crore in the first quarter of the current financial year, marking an increase of 15.24 per cent on a year-on-year basis.

Its gross non-performing assets as a percentage of total advances came in at 6.49 per cent as against 6.70 per cent in the previous quarter.

Net non-performing assets (NPA) improved to 1.77 per cent in the June quarter, from 2.06 per cent in the quarter ended March 31.

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