ICICI Bank Q1 net profit down 25 per cent at Rs 2,232 cr, Net NPAs at 3.35 per cent vs 2.98 per cent QoQ

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Updated: Jul 29, 2016 5:04 PM

ICICI Bank Q1 results: Net interest income of the bank stood at Rs 5158.52 crore, up 0.85 per cent, against Rs 5115.09 crore in the same quarter a year ago.

ICICI Bank Q1 resultsICICI Bank Q1 results: Net interest income of the bank stood at Rs 5158.52 crore, up 0.85 per cent, against Rs 5115.09 crore in the same quarter a year ago.

ICICI Bank reported 25 per cent fall in net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 against Rs 2976.16 crore in the corresponding quarter a year ago. Net interest income of the bank stood at Rs 5158.52 crore, up 0.85 per cent, against Rs 5115.09 crore in the same quarter a year ago. KR Ckoksey Institutional had expected 30 per cent year-on-year fall in net profit at Rs 2,083.30 cr for the quarter ended June 30, 2016 as against Rs 2,976.20 cr in the quarter ended March 31, 2016.

Total income of the private lender jumped by 6.05 per cent to Rs 16,759.51 crore in the quarter under review against Rs 15802.45 crore in the same fiscal a year ago. Expenditure of ICICI Bank jumped to Rs 11544.78 from Rs 10764.65 crore during the same period.

Operating profit jumped by 3.51 per cent year-on-year to Rs 5214.73 crore.

The gross non-performing assets (NPA) stood 5.87 per cent of gross advances in April-June quarter against 5.82 per cent in the sequential quarter ended March 31, 2016. In the year-ago period, it was 3.68 per cent. Net NPAs stood at 3.35 per cent, the figures was at 2.98 per cent in Jan-March 2016 quarter.

Shares of the private lender closed 3.40 per cent down at Rs 262.85.

 

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