Core net interest income increased 8.1% to Rs19,093 crore
Mumbai: Private sector lender ICICI Bank on Saturday said its March 2024 quarter consolidated net grew 18.5 per cent to Rs11,672 crore.
It had reported a net profit of Rs9,853 crore in the year-ago period.
On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs10,708 crore for the reporting quarter against Rs9,122 crore in the year-ago period.
The core net interest income increased 8.1 per cent to Rs19,093 crore on a 16.8 per cent growth in loans and a marginal compression in net interest margin to4.40 per cent.
The non-interest income, excluding the performance of the treasury, came at Rs5,930 crore, 15.7 per cent higher than the year-ago period.
The provisions more than halved to Rs718 crore for the reporting quarter, as per the exchange filing by the lender.
