Mumbai: ICICI Bank Recorded the highest ever quarterly net profit of Rs 5,511 crore for the second quarter of FY 2012, up 30% over Rs 4,251 crore in the corresponding quarter of the previous year.
The gains were driven by a 19% increase in its home loan portfolio. The bank also managed to bring down its net non-performing assets below 1%, the lowest level since 2014.
Total advances grew by 17% year-on-year and 4% sequentially to Rs 7,64,937 crore as on September 30, 2021 from Rs 6,52,608 crore as on September 30, 2020 and Rs 7,38,598 crore as on June 30, 2021 was Rs.
Total deposits grew by 17% year-on-year and 6% sequentially to Rs 9,77,449 crore as on September 30, 2021.
Declaring the results, Sandeep BatraICICI Bank Executive Director said: “Our core income excluding treasury and other income grew 23% to Rs 9,518 crore, while net interest income grew 25% to Rs 11,619 crore over the previous year.” The bank’s net interest margin rose to 4% from 2.89% in the first quarter. “With the increase in economic activity, disbursements across all retail loans have increased sequentially,” Batra said.
He said the pre-approval gave a boost to retail lending and the bank’s digital platform made boarding easier. Batra said that the bank has onboarded 15 lakhs. Non-ICICI Bank customers, on Property Payment App.
The gains were driven by a 19% increase in its home loan portfolio. The bank also managed to bring down its net non-performing assets below 1%, the lowest level since 2014.
Total advances grew by 17% year-on-year and 4% sequentially to Rs 7,64,937 crore as on September 30, 2021 from Rs 6,52,608 crore as on September 30, 2020 and Rs 7,38,598 crore as on June 30, 2021 was Rs.
Total deposits grew by 17% year-on-year and 6% sequentially to Rs 9,77,449 crore as on September 30, 2021.
Declaring the results, Sandeep BatraICICI Bank Executive Director said: “Our core income excluding treasury and other income grew 23% to Rs 9,518 crore, while net interest income grew 25% to Rs 11,619 crore over the previous year.” The bank’s net interest margin rose to 4% from 2.89% in the first quarter. “With the increase in economic activity, disbursements across all retail loans have increased sequentially,” Batra said.
He said the pre-approval gave a boost to retail lending and the bank’s digital platform made boarding easier. Batra said that the bank has onboarded 15 lakhs. Non-ICICI Bank customers, on Property Payment App.
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