ICICI Bank Q1FY21 profit rises 36% to Rs 2,599 cr; asset quality improves

The bank had reported net profit of Rs 1,908 crore in the same quarter last year

ICICI Bank on Saturday reported a 36 per cent increase in its standalone net profit at Rs 2,599 crore for the first quarter ended June 2020.

The bank had posted a profit of Rs 1,908 crore in the same quarter a year ago.

Total income during the quarter rose to Rs 26,066 crore from Rs 21,405.50 crore a year earlier, the bank said in a regulatory filing.

On a consolidated basis, its net profit for the April-June period improved by 24 per cent at Rs 3,117.68 crore as against Rs 2,513.69 crore in the corresponding quarter of the previous fiscal.

The bank's income on