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ICICI Bank net profit rises 25.7% to Rs 11,053 crore in third quarter

Mumbai: ICICI Bank said on saturday it is consolidated Net Profit For december quarter Revenue increased by 25.7% to Rs 11,052.60 crore from Rs 8,792.42 crore. The second largest private sector lender reported a 23.6% rise in standalone net profit to Rs 10,272 crore in the third quarter of the current financial year.
The bank’s core net interest income grew 13.4% to Rs 18,678 crore, with net interest margin narrowing to 4.43% and domestic advances growth at 18.8%.
Other income of the bank increased by 19.8% to Rs 5,975 crore during the quarter under review.
Its provisions declined to Rs 1,049.37 crore from Rs 2,257.44 crore in the year-ago period, helping profit growth.



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