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The Economic Times

Business

Nikhil Agarwal

ICICI Bank Q1 Results: Profit jumps 16% YoY to Rs 14,805 crore; NII rises 13% as margins expand

Private sector lender ICICI Bank on Saturday reported a 15.9% year-on-year (YoY) increase in standalone net profit to Rs 14,805 crore for the June quarter, compared with Rs 12,768 crore in the corresponding period last year. Its net interest income (NII) increased 12.7% to Rs 24,384 crore from Rs 21,635 crore a year earlier.

Net interest margin expanded marginally to 4.36% from 4.34% in the year-ago quarter and 4.32% in the preceding March quarter.

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