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ICICI Bank reports 20.1% growth in September-quarter profit

The bank’s filing also records deposit and loan growth, with a 0.30% net bad-loan ratio.

ICICI Bank reported profit after tax of Rs 14,843 crore for the quarter ended 30 September, up 20.1% from a year earlier. Its board approved the quarterly accounts on 17 October, according to the bank’s exchange-filed announcement.

The lender reported core operating profit of Rs 20,805 crore, an increase of 21.8%. Period-end deposits grew 27.1% and the total loan portfolio rose 30%; the filing also provided lower growth comparisons excluding specified foreign-currency deposit-related balances.

The net non-performing asset ratio stood at 0.30%. The announcement distinguishes standalone measures from consolidated accounts and states that statutory auditors issued an unmodified limited-review report. These are reported financial results, not a forecast of subsequent market performance.

Sources

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