Private sector ICICI Bank’s net profit rose 34 per cent in the quarter ended December.
A statement issued by the bank said:
The bank’s net profit for the third quarter of the current financial year (October-December 2022) stands at Rs 8,312 crore.
This is an increase of 34 percent compared to the same period of the previous financial year. At that time the net profit of the bank was Rs.6,194 crore.
The overall revenue of the bank increased to Rs 33,529 crore during the assessment months. This was Rs 27,069 crore in the third quarter of the previous financial year.
The bank’s net interest income increased by 34.6 percent to Rs 16,465 crore from Rs 12,236 crore then.
The bank’s non-performing loans stood at 4.13 per cent in the period from October to December 2021. It has been reduced to 3.07 per cent in the same months of 2022, the report said.