ICICI Bank Reports 59% Rise in Profits

ICICI Bank Reports 59% Rise in Profits

ICICI Bank reported a 59% YoY increase in standalone net profits to INR 70bn ($926mn) during the previous quarter. Total income of the bank rose to INR 274bn ($3.6bn), up 15% YoY. Provisions (excluding provision for tax) declined by 63% to INR 10.7bn ($141mn) during...
ICICI Bank Reports 59% Rise in Profits

ICICI Bank Reports Robust Q2 Results

ICICI Bank reported a rise in its 2Q2022 net profits by 32% YoY to INR 55bn ($742mn). The bank’s net interest income (NII) rose 25% YoY to INR 116bn ($1.6bn) and fee income grew 21% YoY to INR 381bn ($513mn). Profits were helped by a 9% reduction in provisions...
ICICI Bank Reports 59% Rise in Profits

ICICI Reports 3.6x Profit Growth

India’s private banking major ICICI Bank reported strong earnings for the quarter ending March 31, 2021. The bank reported a 260% growth in its Q4 stand alone Profit after Tax (PAT) to INR 44.03bn ($602mn) up from INR 12.21bn ($167mn) last year. Highlights of...
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