ICICI Bank net up 23%

BS 200 SCORECARD

ICICI Bank has posted a 23 per cent rise in its net profit at Rs 530.01 crore for the first quarter ended June 30, 2005, as against Rs 430.74 crore for the same quarter in 2004-05.

The total income for the quarter rose to Rs 4,088 crore from Rs 2,853.49 crore in April-June 2004, a company spokesperson said.

ICICI Bank said the net interest income for the reporting quarter rose by 35 per cent to Rs 851 crore from Rs 631 crore in April-June, 2004.

The fee-based income rose by 57 per cent at Rs 658 crore in Q1 from Rs 418 crore in the corresponding period of the last fiscal.

The deposits base was up by 70 per cent to Rs 1,13,778 crore as on June 30, 2005, up from Rs 66,780 crore a year ago.

The net customer assets grew by 40 per cent to Rs 1,03,487 crore from Rs 73,701 crore as on June 30, 2004. The bank maintained the growth momentum in the retail credit.

It's disbursements in this segment stood at Rs 11,700 crore including home loan disbursements of Rs 4,600 crore, it said.