ICICI Bank Q2 results: Net profit rises 30% to Rs 5,511 cr; NIM at 4%

Net interest income increases by 25% year-on-year; asset quality improves

Private lender ICICI Bank on Saturday reported 30% jump in standalone net profit at Rs 5,511 crore for the quarter ending September 30, 2021. It was Rs 4,251 crore a year ago. 

Net interest income (NII) increased by 25% year-on-year to Rs 11,690 crore in Q2FY22 from Rs 9,366 crore in Q2FY21. Net interest margin (NIM), a measure of profitability, stood at 4% as against 3.89% in Q2FY21 and 3.57% in Q1FY22.

The bank’s provision book declined 9% YoY to Rs 2,714 crore in Q2FY22 as against Rs 2,995 crore in Q2FY21.

On Friday, the lender's scrip on BSE closed