ICICI Bank net up 25 %

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Thursday, August 01, 2013
Published On: 00:06:27 AM

ICICI Bank announced a 25.3 per cent rise in its net profit at Rs. 2,274 crore for the quarter ended June 30, 2013, as compared to Rs. 1,815 crore in the same period in the preivious year.

Net interest income has increased by 20 per cent to Rs. 3,820 crore from Rs. 3,193 crore.

Net interest margin increased by 26 basis points from 3.01 per cent to 3.27 per cent in first quarter of current fiscal. Consolidated net profit of the bank rose by 32 per cent to Rs. 2,747 crore from Rs. 2,077 crore in the year-ago period.

During the quarter, the bank added 250 branches, including 150 low-cost Gramin branches.

Total advances increased by 12 per cent year-on-year to Rs. 301,370 crore at June 30, 2013 against Rs. 268,430 crore at June 30, 2012.

'The bank continued to see a healthy growth in its retail disbursements, with mortgage and auto loan disbursements during the quarter increasing by about 36 per cent and 17 per cent respectively year-on-year.

The bank’s capital adequacy ratio as on June 30, 2013 on Basel III norms was 17.04 per cent and Tier-1 capital adequacy was 11.72 per cent. Net non-performing assets at June 30, 2013, were Rs. 2,472 crore compared to Rs. 2,234 crore at March 31, 2013.

The net non-performing asset ratio was 0.69 per cent at June 30, 2013 compared to 0.64 per cent at March 31, 2013.

Net loans to companies whose facilities have been restructured were Rs. 5,915 crore at June 30, 2013, compared to Rs. 5,315 crore at March 31, 2013.

Courtesy : The Hindu

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