Traffic strikes previous the ICICI financial institution head workplace in Mumbai, India, April 21, 2023.
| Photo Credit: Reuters
Private lender ICICI Bank on April 22 reported a 27.64% leap in consolidated net revenue to ₹9,852.70 crore for the January-March quarter of 2022-23 in contrast to the year-ago interval.
On a standalone foundation, the biggest non-public sector lender reported an almost 30% leap in its net revenue for the March quarter at ₹9,121.87 crore.
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Its whole earnings moved up to ₹36,108.88 crore within the reporting quarter, as towards ₹27,412.32 crore within the year-ago interval, whereas the general bills moved up to ₹22,282.50 crore from ₹17,119.38 crore within the year-ago interval.
The share of gross non-performing belongings within the total loans was 2.81% as of March 31, 2023, which is an enchancment from 3.60% within the year-ago interval and three.07% within the quarter-ago interval.
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Its total provisions elevated to ₹1,619.80 crore from ₹1,068.95 crore within the year-ago interval, however have been down in comparison with the December quarter’s ₹2,257.44 crore.
