ICICI Bank net profit up 21 per cent

India's largest private lender ICICI Bank reported on Saturday a 21 per cent increase in net profit at Rs 878 crore ($183 million) for the quarter ended June 30, as compared to Rs 728 crore in the same period last year.

India's largest private lender ICICI Bank reported on Saturday a 21 per cent increase in net profit at Rs 878 crore ($183 million) for the quarter ended June 30, as compared to Rs 728 crore in the same period last year.

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The total interest income fell 5.02 per cent to Rs 1,985 crore in the quarter from Rs 2,090 crore in the corresponding period last year, the bank said in a regulatory statement.

The bank's non-interest income composed of fees earned and income from lease and treasury operations grew 35.89 per cent to Rs 2,090 crore in the first quarter from Rs 1,538 crore in the year-ago period.