 "ICICI Bank")
Private sector lender ICICI Bank reported a 59 per cent jump in net profit in January-March quarter of FY22, aided by robust increase in net interest income (NII) and lower provisions. Net profit totaled to Rs 7,019 crore in Q4FY22 compared to Rs 4,403 crore in the year ago period, beating street estimates. Analysts at Bloomberg had estimated a net profit of Rs 6,402.5 crore.
Its NII grew by 21 per cent in the same period to Rs 12,605 crore versus Rs 10,431 crore in the year ago period. Net interest margins of the bank, a measure of profitability, expanded
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