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The total income of the bank rose to ₹27,412 crore in the January-March period from ₹23,953 crore in the year-ago quarter, ICICI Bank said in a regulatory filing.
- ICICI Bank's net profit saw a year-on-year growth of 25% to ₹10,060 crore in the third quarter of 2021-22 fiscal ending December 31. Meanwhile, Reliance Industries' subsidiary Reliance Retail reported a 23.81% rise in its consolidated pre-tax profit at ₹3,822 crore during the same period.
Written by Sharangee Dutta | Edited by Amit Chaturvedi, New Delhi
- Net interest income increased by 23 per cent year-on-year to ₹12,236 crore ($1.6 billion) in October-December 2021 quarter from ₹9,912 crore ($1.3 billion) in the corresponding period of previous year.
- Titan was the top gainer in the Sensex pack, rising over 3 per cent, followed by ICICI Bank, PowerGrid, Kotak Bank, Reliance Industries and HDFC Bank.
- In both cases, penalties were based on deficiencies in regulatory compliance and were not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their respective customers, the RBI mentioned.
PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi