Country's second largest bank ICICI's standalone net profit rose 14% year-on-year to ₹11,746 crore in the July-September quarter. It was ₹ 10,261 crore in the same quarter last year.
However, the bank's net profit rose by 6.21% on a quarterly basis. The bank's profit in the last quarter (Q1FY25) was Rs. 11,059 crores. ICICI on Saturday (October 26) announced the results for the second quarter of Q2FY25 i.e. financial year 2024-25.
ICICI Bank's total income rose 17.24%
The bank's total income rose 17.24% year-on-year to Rs 47,714 crore in the September quarter from Rs 40,697 crore in the same quarter last year. At the same time, the bank's revenue grew by 3.73% on a quarterly basis. The total income of the bank in the last quarter was Rs 45,997 crore.
Net interest income rose 9.5% to ₹ 20,048 crore
ICICI Bank's net interest income (NII) rose 9.5% year-on-year to Rs. 20,048 crores. In the same quarter last year it was Rs. 18,308 crores. At the same time, the bank's net interest income grew by 2.53% quarter-on-quarter. The bank's net interest income in the last quarter stood at Rs. 19,553 crores.
ICICI Bank shares have returned 38% in one year
A day earlier i.e. on Friday, ICICI Bank shares jumped 0.55% to Rs. closed at 1,259. With this, the market cap of the company has increased to 8.85 lakh crore rupees. Over the past six months, the bank's shares have returned 13.69% to its investors. Shares of the bank have gained 38.62% in one year.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
