The Mumbai-based lender had posted a web revenue of Rs 7,558 crore within the 12 months-in the past interval.
Interest earned by the financial institution improved to Rs 34,920 crore from Rs 26,033 crore within the September 2022 quarter.
Private sector lender ICICI Bank on Saturday reported a 36 per cent rise in standalone web revenue to Rs 10,261 crore for the September 2023 quarter, aided by an enchancment in curiosity revenue.
The Mumbai-based lender had posted a web revenue of Rs 7,558 crore within the 12 months-in the past interval.
The complete revenue within the second quarter of the present fiscal rose to Rs 40,697 crore from Rs 31,088 crore in the identical interval a 12 months in the past, ICICI Bank stated in a regulatory submitting. Interest earned by the financial institution improved to Rs 34,920 crore from Rs 26,033 crore within the September 2022 quarter.
Its web curiosity revenue (NII) elevated by 24 per cent 12 months-on-12 months to Rs 18,308 crore within the quarter towards Rs 14,787 crore within the corresponding quarter a 12 months in the past.
At the identical time, the online curiosity margin rose to 4.53 per cent in comparison with 4.31 per cent in the identical interval a 12 months in the past.
The financial institution’s asset high quality confirmed enchancment as gross non-performing property (NPAs) declined to 2.48 per cent of gross advances on the finish of the September quarter from 2.76 per cent a 12 months in the past. Similarly, its web NPAs or dangerous loans declined to 0.43 per cent towards 0.61 per cent within the 12 months-in the past interval.
However, the financial institution’s capital adequacy ratio decreased to 16 per cent from 16.93 per cent on the finish of September 2022. On a consolidated foundation, the financial institution’s revenue elevated by 36 per cent to Rs 10,896 crore within the quarter from Rs 8,007 crore a 12 months in the past.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
