ICICI Bank's consolidated Q1 Net rises 3% to Rs 2,832 crore

Image
Press Trust of India Mumbai
Last Updated : Jul 31 2014 | 2:59 PM IST
The country's largest private sector lender, ICICI Bank, today reported three per cent rise in its consolidated net profit at Rs 2,832 crore.
On a standalone basis, the bank posted 17 per cent rise in net profit at Rs 2,655 crore.
The Chanda Kochhar-led bank had reported a post tax net profit of Rs 2,274 crore in the corresponding period, it said in a statement.
During the reported quarter, the bank's total income increased to Rs 14,616 crore from Rs 12,904 crore in the year ago period.
Its operating profit was up 18 per cent to Rs 4,517 crore as against Rs 3,814 crore in the April-June period of last year.
The bank's total provisions were up 22.42 per cent to Rs 726 crore as against Rs 593 crore in the same period year ago.
The bank's shares were trading 0.31 per cent down at Rs 1,485 apiece during afternoon trade on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 31 2014 | 2:59 PM IST

Next Story