ICICI Bank Q2 net up 30%

ICICI Bank today reported a 30.2% increase in net profit at Rs 755.01 crore for the second quarter ended September 30, 2006 when compared with Rs 580.05 crore in Q2FY06.

According to a release issued by the bank today, Q2 total income surged 58.5% to Rs 7,039.56 crore from Rs 4,440.88 crore in Q2FY06.

Net Interest Income was up 47% at Rs 1,577 crore for Q2FY07 form Rs 1,070 crore for Q2FY06. Advances for the quarter grew 45%, while deposits were up 57.3%.

The release added, the net profit for the half year ended September 2006 was up 23.9% at Rs 1,375.02 crore as against Rs 1,110.06 crore in HIFY06.  Total income was up 54.5% at Rs 13,355.75 crore from Rs 8,647.37 crore.