MUMBAI: The nation's greatest personal sector lender ICICI Bank on Friday reported a 30 in step with cent decline in consolidated net profit to Rs 2,071.38 crore for the September quarter because of build up in unhealthy loans.
The financial institution's net profit in July-September quarter of the ultimate fiscal was once Rs 2,979 crore.
Its overall income during the September quarter also slipped to Rs 30,191 crore, as against Rs 32,435 crore within the year-ago period, ICICI Bank said in a statement. On standalone basis, net profit declined via 34 in step with cent to Rs 2,058 crore for the second quarter as in comparison to Rs three,102 crore in the same period of the previous fiscal.
Its overall standalone income got here all the way down to Rs 18,763 crore when put next with Rs 22,759 crore on standalone basis in the same quarter of 2016-17.
However, net pastime income rose via 9 in step with cent to Rs five,709 crore in comparison to Rs five,253 crore in the second quarter of ultimate monetary yr.
ICICI Bank's gross non-performing assets (NPAs) or unhealthy loans jumped to 7.87 in step with cent as against 6.12 in step with cent within the year-ago period.
Similarly, net NPAs rose to four.43 in step with cent when put next with three.21 in step with cent within the earlier fiscal.
During the quarter underneath evaluation, the financial institution made provisions (rather than tax) and contingencies of Rs four,502 crore as against Rs 7,083 crore in the same quarter of the previous fiscal.
In absolute time period, the gross NPA higher to Rs 44,489 crore as against Rs 32,548 crore in the same quarter of the ultimate yr.
The financial institution's net profit in July-September quarter of the ultimate fiscal was once Rs 2,979 crore.
Its overall income during the September quarter also slipped to Rs 30,191 crore, as against Rs 32,435 crore within the year-ago period, ICICI Bank said in a statement. On standalone basis, net profit declined via 34 in step with cent to Rs 2,058 crore for the second quarter as in comparison to Rs three,102 crore in the same period of the previous fiscal.
Its overall standalone income got here all the way down to Rs 18,763 crore when put next with Rs 22,759 crore on standalone basis in the same quarter of 2016-17.
However, net pastime income rose via 9 in step with cent to Rs five,709 crore in comparison to Rs five,253 crore in the second quarter of ultimate monetary yr.
ICICI Bank's gross non-performing assets (NPAs) or unhealthy loans jumped to 7.87 in step with cent as against 6.12 in step with cent within the year-ago period.
Similarly, net NPAs rose to four.43 in step with cent when put next with three.21 in step with cent within the earlier fiscal.
During the quarter underneath evaluation, the financial institution made provisions (rather than tax) and contingencies of Rs four,502 crore as against Rs 7,083 crore in the same quarter of the previous fiscal.
In absolute time period, the gross NPA higher to Rs 44,489 crore as against Rs 32,548 crore in the same quarter of the ultimate yr.
ICICI Bank Q2 net dips 30% to Rs 2,071 crore
![ICICI Bank Q2 net dips 30% to Rs 2,071 crore]()
Reviewed by Kailash
on
October 27, 2017
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