In the same quarter of the previous financial year, the bank earned a net profit of Rs 1,604.91 crore.

Private sector ICICI Bank’s single net profit more than doubled to Rs 4,146.46 crore in the third quarter of the current financial year. In the same quarter of the previous financial year, the bank earned a net profit of Rs 1,604.91 crore. In the information given to the BSE, the bank said that its total income during the quarter increased by 17.23 per cent to Rs 23,638.26 crore from Rs 20,163.25 crore in the same quarter of the previous financial year.

How much was the bank’s NPA?

The gross non-performing assets (NPAs) of the bank declined to 5.95 per cent of total loans during the quarter under review, from 7.75 per cent in the same quarter a year ago. The bank’s net interest margin during this period was 3.77 percent. This was 3.64 percent in the previous quarter and 3.40 percent in the same quarter of the previous fiscal. The bank’s net NPA stood at 1.49 per cent in the third quarter. It was 2.58 per cent in the same quarter a year ago.

The provision of the bank (excluding tax) declined by 51 per cent to Rs 2,083 crore during the quarter. It was Rs 4,244 crore in the same quarter a year ago. The bank’s gross NPA by value was Rs 43,453.86 crore. In the same quarter of the previous financial year it was Rs 51,591.47 crore. Similarly, the bank’s net NPA stood at Rs 10,388.50 crore, which was Rs 16,252.44 crore in the same quarter of the previous financial year.

Bank’s profit in December quarter

On a consolidated basis, the bank’s net profit for the December quarter stood at Rs 4,670.10 crore, compared to Rs 1,874.33 crore in the same quarter of the previous financial year. Similarly, the bank’s consolidated income stood at Rs 38,370.95 crore during the quarter, compared to Rs 33,433.31 crore in the same quarter a year ago.

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