ICICI conslidated net up 68% at Rs 1,035 cr

ICICI bank reported a 68 per cent growth in net profit on a consolidated basis at Rs 1,035 crore  for the quarter ending on 30 June, 2009 as against Rs.617 crore for the corresponding quarter in the previous year.

On a standalone basis, net profit grew 21 per cent Rs. 878 crore for the quarter ended June 30, 2009 from Rs. 728 crore in the year-ago quarter.

Net interest income fell 5 per cent Rs 1,985 crore as against Rs to 2,090 crore fro the quarter ended 30 June, 2008.

However non-interest income grew 36 per cent to Rs 2,090 crore from Rs 1,538 crore in the same quarter last year.

 

Gross non-performing assets grew 10.6 per cent to Rs 9,416.32 crore from Rs 8,511.36 in the year-ago quarter.

The Current and savings account (CASA) ratio increased to 30.4 per cent of total deposits in the fist quarter of 2009-10 from 27.6 per cent at June 30, 2008.