INSUBCONTINENT EXCLUSIVE:
profit of Rs 654.96 crore in the quarter ended September 30
That marked a fall of 27.94 per cent compared to the corresponding period a year ago
ICICI Bank's total income, however, rose 24.63 per cent to Rs 22,759.52 crore in the second quarter of current financial year, according
one-time charge related to deferred taxes
The profit after tax without the impact of "one-time additional charge due to re-measurement of accumulated deferred tax" would have been Rs
against Rs 347 crore in the year-ago period
assets or bad loans as a percentage of total loans at 6.37 per cent in the July-September period
ICICI Bank's gross NPAs had stood at 6.49 per cent in the previous quarter and 8.54 per cent in the quarter ended September 30, 2018.Net
non-performing assets or bad loans decreased 51 per cent to Rs 10,916 crore as of September 30, 2019, it added.The net non-performing assets
ratio - or the percentage of net non-performing customer assets to net customer assets - came in at 1.6 per cent, the lowest level in last
15 quarters, ICICI Bank said in a press release
The ratio had stood at 1.77 per cent in the first quarter of 2019-20 and 3.65 per cent in the second quarter of 2018-19.Net interest income
(NII) - or the difference between interest earned and interest paid - increased 26 per cent to Rs 8,057 crore in the July-September
period.Net interest margin - a key indicator of a bank's profitability - stood at 3.64 per cent in the quarter ended September 30, 2019,
as against 3.61 per cent in the previous quarter and 3.33 per cent in the quarter ended September 30, 2018.ICICI Bank said its total
deposits were up 25 per cent year-on-year as of September 30.ICICI Bank shares ended 3.18 per cent higher at Rs 469.10 apiece on the BSE on
Friday, outperforming the benchmark Sensex index which finished 0.10 per cent higher after a volatile session.Get Breaking news, live
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