ICICI Bank quarterly net profit rises 36 percent

July 27th, 2012 - 3:40 pm ICT by IANS  

Mumbai, July 27 (IANS) ICICI Bank Friday posted a 36 percent rise in net profit at Rs.1,815 crore for the quarter ended June 30 on strong loan growth and improving asset quality.

The country’s largest private lender had posted a net profit of Rs.1,332 crore during the like period of the previous financial year, the bank said in a statement.

The total income stood at Rs.11,425.6 crore during the quarter under review against Rs.9,261.4 crore during the year-ago period, it added.

The bank’s net non-performing asset ratio decreased to 0.61 percent at June 30, 2012 from 0.91 percent at June 30, 2011.

The advances increased 22 percent year-on-year to Rs.2,68,430 crore during the period under review from Rs.2,20,693 crore during the year-ago period.

The savings accounts deposits increased 17 percent year-on-year to Rs.77,923 crore.

At the Bombay Stock Exchange, the shares of the company were 2.54 percent up at Rs.929.90.

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