MUMBAI: Private sector lender ICICI Bank on Saturday mentioned its March 2024 quarter consolidated net grew 18.5 per cent to Rs 11,672 crore. It had reported a net profit of Rs 9,853 crore in the year-ago interval.
On a standalone foundation, the second largest non-public sector lender confirmed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter towards Rs 9,122 crore in the year-ago interval.
The core net curiosity revenue elevated 8.1 per cent to Rs 19,093 crore on a 16.8 per cent growth in loans and a marginal compression in net curiosity margin to 4.40 per cent.
The non-interest revenue, excluding the efficiency of the treasury, got here at Rs 5,930 crore, 15.7 per cent increased than the year-ago interval.
The provisions greater than halved to Rs 718 crore for the reporting quarter, as per the trade submitting by the lender.
On a standalone foundation, the second largest non-public sector lender confirmed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter towards Rs 9,122 crore in the year-ago interval.
The core net curiosity revenue elevated 8.1 per cent to Rs 19,093 crore on a 16.8 per cent growth in loans and a marginal compression in net curiosity margin to 4.40 per cent.
The non-interest revenue, excluding the efficiency of the treasury, got here at Rs 5,930 crore, 15.7 per cent increased than the year-ago interval.
The provisions greater than halved to Rs 718 crore for the reporting quarter, as per the trade submitting by the lender.
