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Shares of ICICI Bank were trading lower by 2.2% at Rs 301, falling 3.5% from its intra-day high of Rs 312 on the NSE after the private sector bank said its gross non-performing assets (NPA) as percentage of total assets stood at 3.78% in the March 2015 quarter (Q4) against 3.40% in the December quarter and 3.03% a year earlier.
Net NPA rose to 1.61% in March 2015 quarter from 1.27% in the previous quarter and 0.97% at the end of March 2014 quarter.
Meanwhile, the bank has reported 10% year on year (yoy) growth in its standalone net profit at Rs 2,922 crore in Q4FY15 against Rs 2,652 crore in the corresponding quarter of the previous fiscal. Net interest income (NII) grew 17% at Rs 5,079 crore on a y-o-y basis.
The stock opened at Rs 311 and touched a low of Rs 297, its lowest level since October 2014, on the NSE. The trading volumes on the counter almost doubled, with a combined 19.36 million shares changing hands on the NSE and BSE till 1454 hours.
Net NPA rose to 1.61% in March 2015 quarter from 1.27% in the previous quarter and 0.97% at the end of March 2014 quarter.
Meanwhile, the bank has reported 10% year on year (yoy) growth in its standalone net profit at Rs 2,922 crore in Q4FY15 against Rs 2,652 crore in the corresponding quarter of the previous fiscal. Net interest income (NII) grew 17% at Rs 5,079 crore on a y-o-y basis.
The stock opened at Rs 311 and touched a low of Rs 297, its lowest level since October 2014, on the NSE. The trading volumes on the counter almost doubled, with a combined 19.36 million shares changing hands on the NSE and BSE till 1454 hours.
