British investment international, Bank

ICICI Bank on Saturday said its net profit rose to Rs 6,194 crore ($833 million) in the third quarter of the current financial year, posting a year-on-year growth of 25 per cent.The bank's core operating profit (profit before provisions and tax, excluding treasury income) increased by 25 per cent year-on-year to Rs 10,060 crore ($1.4 billion) in the third quarter of 2021-22 from Rs 8,054 crore ($1.1 billion) in the quarter ended December 31, 2020.Net interest income increased by 23 per cent year-on-year to Rs 12,236 crore ($1.6 billion) in October-December 2021 quarter from Rs 9,912 crore ($1.3 billion) in the corresponding period of previous year.The bank's net interest margin stood at 3.96 per cent in Q3 of 2021-22 compared to 3.67 per cent in Q3 of 2020-21 and 4.00 per cent in the quarter ended September 30, 2021.Non-interest income, excluding treasury income, increased by 25 per cent year-on-year to Rs 4,899 crore ($659 million) in Q3 of 2021-22 from Rs 3,921 crore ($527 million) in Q3 of 2020-21.The retail loan portfolio grew by 19 per cent year-on-year and 5 per cent sequentially, and comprised 61.3 per cent of the total loan portfolio at December 31, 2021. Including non-fund outstanding, the retail loan portfolio was 51.3 per cent of the total portfolio at December 31, 2021.Total deposits increased by 16 per cent year-on-year and 4 per cent sequentially to Rs 10,17,467 crore ($136.9 billion) at December 31, 2021.Average current account deposits increased by 34 per cent year-on-year. Average savings account deposits increased by 25 per cent year-on-year. Total term deposits increased by 12 per cent year-on-year to Rs 536,811 crore ($72.2 billion) at December 31, 2021.The Bank had a network of 5,298 branches and 13,846 ATMs as on December 31, 2021.The net non-performing assets declined by 10 per cent sequentially to Rs 7,344 crore ($988 million) at December 31, 2021 from Rs 8,161 crore ($1.1 billion) at September 30, 2021. The net NPA ratio declined to 0.85 per cent at December 31, 2021 from 0.99 per cent at September 30, 2021.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

British Investment InternationalFOLLOW

British investment international, Latest News

New Delhi, March 1 India's homegrown Paytm Payments Bank has announced that it has issued seven million Visa ... ...

Nagpur, Feb 23 Reserve Bank of India (RBI) A team defeated arch-rivals Bank Of India (BOI) in the ... ...

Mumbai, Feb 16 A Mumbai court on Wednesday granted bail to Yes Bank co-founder Rana Kapoor and Avanatha ... ...

New Delhi, Feb 13 The Supreme Court observed that a High Court, while exercising its powers of judicial ... ...

Aurangabad, Feb 7: Deogiri Nagri Sahakari Bank will organise an open discussion online on ‘Budget-2022’ for women and students ... ...

Mumbai, Jan 29 Lending major SBI has withdrawn circular which made pregnant womens' candidates ineligible for employment with ... ...

Axis Bank on Monday said its net profit surged 224 per cent to Rs 3,614 crore during the third quarter of the current financial year as compared with the same quarter of last year. ...

ICICI Bank on Saturday said its net profit rose to Rs 6,194 crore ($833 million) in the third quarter of the current financial year, posting a year-on-year growth of 25 per cent. ...