 "icici bank")
Private sector lender ICICI Bank’s net profit (on a standalone basis), rose almost six imes to Rs 4,251.3 crore in quarter ended September 2020 (Q2FY21) on account of growth in net interest income (NII) and low tax burden.
It had posted a net profit of Rs 654.9 crore in July-September 2019 (Q2FY20).
The bank's NII grew 16 per cent to Rs 9,366 crore in Q2FY21 from Rs 8,057 crore. However, the Net Interest Margin (NIM) saw a dip to 3.57 per cent in Q2FY21 as against 3.64 per cent in Q2FY20. Sequentially, NIM was at 3.69 per cent in Q1Fy20.
