NEW DELHI: ICICI Financial institution on Saturday reported a 50 per cent soar in standalone internet revenue to Rs 6,905 crore within the first quarter of the present fiscal, aided by a decline in dangerous loans.
The second largest personal sector financial institution had posted a internet revenue of Rs 4,616 crore in the identical quarter of the earlier monetary 12 months.
Complete earnings throughout the April-June quarter of 2022-23 improved to Rs 28,336.74 crore, from Rs 24,379.27 crore in the identical quarter in FY22, ICICI Financial institution stated in a regulatory submitting.
Curiosity earnings too elevated to Rs 23,671.54 crore throughout the reported quarter from Rs 20,383.41 crore within the year-ago interval.
On the asset high quality entrance, gross non-performing belongings (NPAs) declined to three.41 per cent of the gross advances as of June 30, 2022, from 5.15 per cent on June 30, 2021. Internet NPAs or dangerous loans too slipped to 0.70 per cent from 1.16 per cent.
In consequence, provisions for dangerous loans and contingencies greater than halved to Rs 1,143.82 crore within the quarter, as towards Rs 2,851.69 crore earmarked within the year-ago quarter.
On a consolidated foundation, ICICI Financial institution reported a 55 per cent soar in internet revenue to Rs 7,385 crore for the reporting quarter as towards Rs 4,616 crore in the identical quarter of the earlier fiscal.
The second largest personal sector financial institution had posted a internet revenue of Rs 4,616 crore in the identical quarter of the earlier monetary 12 months.
Complete earnings throughout the April-June quarter of 2022-23 improved to Rs 28,336.74 crore, from Rs 24,379.27 crore in the identical quarter in FY22, ICICI Financial institution stated in a regulatory submitting.
Curiosity earnings too elevated to Rs 23,671.54 crore throughout the reported quarter from Rs 20,383.41 crore within the year-ago interval.
On the asset high quality entrance, gross non-performing belongings (NPAs) declined to three.41 per cent of the gross advances as of June 30, 2022, from 5.15 per cent on June 30, 2021. Internet NPAs or dangerous loans too slipped to 0.70 per cent from 1.16 per cent.
In consequence, provisions for dangerous loans and contingencies greater than halved to Rs 1,143.82 crore within the quarter, as towards Rs 2,851.69 crore earmarked within the year-ago quarter.
On a consolidated foundation, ICICI Financial institution reported a 55 per cent soar in internet revenue to Rs 7,385 crore for the reporting quarter as towards Rs 4,616 crore in the identical quarter of the earlier fiscal.