Private lender ICICI Bank on Saturday reported a 27.64 per cent jump in consolidated net profit to ₹9,852.70 crore for the January-March quarter of 2022-23 compared to the year ago period.
On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March quarter at ₹9,121.87 crore.
Its total income moved up to ₹36,108.88 crore in the reporting quarter, as against ₹27,412.32 crore in the year-ago period, while the overall expenses moved up to ₹22,282.50 crore from ₹17,119.38 crore in the year-ago period.
The share of gross non-performing assets in the overall loans was 2.81 per cent as of March 31, 2023, which is an improvement from 3.60 per cent in the year-ago period and 3.07 per cent in the quarter-ago period.
Its overall provisions increased to ₹1,619.80 crore from ₹1,068.95 crore in the year-ago period, but were down when compared with the December quarter’s ₹2,257.44 crore.
