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ICICI Bank Q3 net rises 20% to Rs 1,728 cr

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BS Reporter Mumbai

Country's second largest lender ICICI Bank reported a 20.2% jump in net profit for the quarter ended December 2011 at Rs 1,728 crore as against Rs 1,437 crore in the same period a year ago.

Net interest income also increased 17.3% to Rs 2,712 crore in December 2011 from Rs 2,311 crore in December 2010.

Gross net performing assets too improved to 3.82% versus 4.14% a year ago.

However, provisions fell 26.5% to Rs 341 crore from Rs 464 crore in December 2010.

The bank's stocks were trading at Rs 890 apiece, trading 4.5% up, on Bombay Stock Exchange at 1315 hours.

 

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First Published: Jan 31 2012 | 1:16 PM IST

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