ICICI Bank Ltd has shown its first quarter standalone profit which is increased 36 per cent from 1,908 crore rupees to 2599 crore rupees. Along with it, Core operating profit is also increased by 15 per cent and reached 7,014 crore rupees. however, net interest income (NII) has been went up by 20 per cent and reaches at 9,280 crore rupees.
ICICI bank also reported treasury income of Rs. 3,763 crore. this amount includes 3,036 crore amount from the sale of stakes in ICICI Lombard and ICICI Prudential.
Overall, Total advances of the bank have been raised by 7 per cent to 6,31,215 crore rupees amount and Total deposits are also increased by 21% reaching Rs. 8,01,622 crore. Average savings account deposits increases by 14 per cent. on the other hand, net NPA ratio has dropped to 1.23% as of June 30, compared to 1.41% on March 31.