scorecardresearchICICI Bank consolidated net profit in Q2 jumps 31%

ICICI Bank consolidated net profit in Q2 jumps 31%

Updated: 22 Oct 2022, 05:22 PM IST
TL;DR.

ICICI Bank Q2: On a standalone basis, the second largest private sector lender reported a 37.14 per cent rise in September quarter net profit at 7,557.84 crore, as against 5,510.95 crore in the year-ago period.

An ICICI Bank Ltd. branch in Mumbai, India, on Monday, Oct. 17, 2022. ICICI Bank will announce its second quarter results on Oct. 22, 2022. Photographer: Dhiraj Singh/Bloomberg

An ICICI Bank Ltd. branch in Mumbai, India, on Monday, Oct. 17, 2022. ICICI Bank will announce its second quarter results on Oct. 22, 2022. Photographer: Dhiraj Singh/Bloomberg

(PTI) ICICI Bank on Saturday reported a 31.43 per cent jump in its September quarter consolidated net profit at 8,006.99 crore.

On a standalone basis, the second largest private sector lender reported a 37.14 per cent rise in September quarter net profit at 7,557.84 crore, as against 5,510.95 crore in the year-ago period.

The bank's total income grew to 31,088 crore in the reporting quarter, while the overall expenses climbed to 19,408 crore from 18,027 crore.

The provisions reduced to 1,644.52 crore as against 2,713.48 crore in the year-ago period, but were up when compared with the 1,143.82 crore in the June quarter.

The bank scrip had closed 2.13 per cent up at 907.15 apiece on the BSE on Friday, as against gains of 0.18 per cent on the benchmark.

First Published: 22 Oct 2022, 05:22 PM IST