ICICI Bank Q4 net profit soars 260% to Rs 4,403 cr; NII rises 17%

The lender's gross non-performing assets (NPAs) declined sequentially at 4.96% in Q4FY21. In Q3FY21, gross NPA of the bank was 4.38%

Private lender ICICI Bank on Saturday reported 260 per cent jump in standalone net profit at Rs 4,403 crore for the quarter ended March 31, 2021. The profit figure stood at Rs 1,221 crore for the same period last year.

Net interest income (NII) increased by 17 per cent year-on-year to Rs 10,431 crore in Q4FY21 from Rs 8,927 crore in Q4FY20. 

The bank’s total capital adequacy at March 31, 2021 was 19.12 per cent and Tier-1 capital adequacy was 18.06 per cent as compared to the minimum regulatory requirements of 11.08 per cent and 9.08 per cent respectively.

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