Apr 27, 2024 04:48 PM IST
ICICI Bank on Saturday reported its net profit at ₹10,707 crore in the fourth quarter ending on March 31
ICICI Bank on Saturday reported its net profit at ₹10,707 crore in the fourth quarter ending on March 31, Reuters reported. It was a 17 percent increase in the net profit from ₹9,122 crore in the same period a year earlier.
The result exceeded analysts’ average estimate of 10,305 crore rupees, according to LSEG data. The bank’s net interest income for the fourth quarter stood at ₹19,093 crore rupees.
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The core net interest income of the private lender increased 8.1 percent to ₹19,093 crore on a 16.8 percent growth in loans and a marginal compression in net interest margin to 4.40 percent.
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