ICICI Bank's standalone net profit rises 26% to Rs 1221 cr in Q4FY20

ICICI Bank on Saturday reported a 26 per cent rise in standalone net profit at Rs 1,221 crore for the quarter ended March 2020.

The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.

Total income during the quarter under review increased to Rs 23,443.66 crore, from Rs 20,913.82 crore in the same period of the preceding fiscal, ICICI Bank said in a regulatory filing.

On the assets front, gross non-performing assets (NPAs) stood at 5.53 per cent of gross advances as on March 31, 2020, compared to 6.70 per cent last year.

Net NPAs or