Country's largest private sector lender ICICI Bank posted 13.68 per cent rise in net profit at Rs 3,265.32 crore for the third quarter ended December.
Country’s largest private sector lender ICICI Bank posted 13.68 per cent rise in net profit at Rs 3,265.32 crore for the third quarter ended December.
The bank had posted a consolidated net profit of Rs 2,872.30 crore for the October-December quarter of last fiscal.
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On a standalone basis, the bank’s net profit rose 14.1 per cent year-on-year to Rs 2,889.04 crore from Rs 2,532.21 crore during the review period.
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The lender’s total income on standalone basis in Q3 2014-15 increased to Rs 15,526.88 crore, from Rs 14,255.96 crore in the year-ago period, the bank said.
The total income of the bank on consolidated basis rose to Rs 23,053.82 crore, from Rs 20,543.46 crore in the year-ago period.
Provisioning for bad loans and contingencies rose to Rs 979.69 crore in third quarter of 2014-15 as compared to Rs 694.64 crore in the same period of the last fiscal.
For the first nine months of 2014-15, the bank’s standalone net profit rose by 15.2 per cent to Rs 8,253.36 crore as compared to Rs 7158.47 crore in the same period of the previous fiscal.
It reported total income of Rs 45,032.54 crore in the first three quarters, as against Rs 40,140.68 crore in the same period of last financial year.
As on December 31, ICICI Bank’s gross non-performing assets (NPAs) rose to 3.40 per cent of gross advances as against 3.05 per cent in the same quarter of the previous fiscal.
It’s net non-performing assets also rose to 1.90 per cent from 1.76 per cent during the period under review.