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ICICI Bank Third Quarter Revenue: ICICI Bank Third Quarter Results: Net Income Up 19% to Rs 4,940.Loan books swell with strong credit demand

Mumbai: ICICI Bank today reported to Rupee that its December quarter net profit increased 19.1% year-on-year. At 4,939.6 chlores, it was significantly higher than the analysts’ estimated Rs. 4,360 chlore.

Lenders’ net interest income for the quarter was rupees up 16% year-on-year. 9,912 Chlore, also higher than the analyst’s estimate.

Lender’s net bad assets (NPA) The ratio for the quarter ended in December was 0.63%, but it was 1.00% before the quarter.But does not consider the Supreme Court’s stagnation on bad perceptions loanThe lender’s net NPA ratio was 1.26%, compared to 1.12% in the previous quarter.

ICICI Bank said it had a Rupee-equivalent Covid-19-related allowance by the end of the December quarter. 9,984 Chlore. The lender’s allowance coverage on a proforma basis was 77.6%.

The regulation was rupees. Rupees 2,742 compared to Rupees in the December quarter. The same period last year was 208.3 billion rupees.

ICICI Bank reported good results in its loan books as domestic lending increased 13% year-on-year in the December quarter. At the same time, retail loans increased by 15 year-on-year, reflecting strong demand for consumer credit in the economy.

Lenders’ total deposits increased 22% year-on-year in the quarter. Fixed deposits increased by 26% to Rs 87,400.

Lenders’ pre-provisioning operating income for the quarter was rupees, up 15% from the corresponding quarter a year ago. 8,054 Chlore.

A stake in one of India’s largest private banks closed at a rupee up 1.7%. NSE 537.



ICICI Bank Third Quarter Revenue: ICICI Bank Third Quarter Results: Net Income Up 19% to Rs 4,940.Loan books swell with strong credit demand

https://economictimes.indiatimes.com/markets/stocks/earnings/icici-bank-q3-results-net-profit-rise-19-to-rs-4940-cr-loan-book-swells-on-strong-credit-demand/articleshow/80600901.cms ICICI Bank Third Quarter Revenue: ICICI Bank Third Quarter Results: Net Income Up 19% to Rs 4,940.Loan books swell with strong credit demand

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