ICICI Bank Q2 net climbs 30%, Net Interest Income rises
The Hindu
Net interest income jumps 25% helping lift profit to ₹5,511 crore; bad loans decline sequentially
ICICI Bank Limited on Saturday reported second-quarter standalone net profit grew 30% to ₹5,511 crore, helped by a 25% year-on-year increase in net interest income (NII) to ₹11,690 crore.
The net interest margin improved to 4%, from 3.57% in the year-earlier quarter.
Total deposits grew by 17% in the quarter to ₹9,77,449 crore and the domestic loan portfolio expanded by 19%.
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