ICICI Bank Q2 consolidated net profit leaps 31% to ₹8,007 cr: Report

ICICI Bank total income grew to ₹31,088 crore in the reporting quarter, while the overall expenses climbed to ₹19,408 crore from ₹18,027 crore.

Published on: Oct 22, 2022, 16:17:16 IST

PTIPosted by Singh Rahul Sunilkumar

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

ICICI Bank, Virar, at the time of the incident.

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.

ABOUT THE AUTHOR
Singh Rahul Sunilkumar
A journalist with an engineer's core is trying to make news easier to grasp. He loves breaking down complex topics into digestible form. Obsessed with ISRO, his bylines cover science, technology, business, and, of course, Indian politics. When he's not on shift, you can find him sleeping on books.Read More

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