A hen flies previous the facade of the ICICI financial institution head workplace in Mumbai.
| Photo Credit: REUTERS
Private sector lender ICICI Bank on April 27 stated its March 2024 quarter consolidated net grew 18.5% to ₹11,672 crore.
It had reported a net profit of ₹9,853 crore in the year-ago interval.
On a standalone foundation, the second largest personal sector lender confirmed a 17.4% growth in its profit after tax at ₹10,708 crore for the reporting quarter in opposition to ₹9,122 crore in the year-ago interval.
The core net curiosity earnings elevated 8.1% to ₹19,093 crore on a 16.8% growth in loans and a marginal compression in net curiosity margin to 4.40%.
The non-interest earnings, excluding the efficiency of the treasury, got here at ₹5,930 crore, 15.7% greater than the year-ago interval.
The provisions greater than halved to ₹718 crore for the reporting quarter, as per the trade submitting by the lender.
