ICICI Bank logs Rs 9,648 crore net in Q1

By Consultants Review Team Monday, 24 July 2023

PrivetlyPrivately owned ICICI Bank said its standalone net profit for Q1FY24 zoomed by 39.7 percent to Rs 9,648.20 crore. In a regulatory filing, ICICI Bank said it closed Q1FY24 with a net profit of Rs 9,648.20 crore (Q1FY23 - Rs 6,904.94 crore) and a total income of Rs 38,762.86 crore (against Rs 28,336.74 crore).

For the period under review, ICICI Bank had provided Rs 1,292.44 crore, up from Rs 1,143.82 crore the previous corresponding period.  ICICI Bank’s gross non-performing assets as on June 30 stood at Rs 31,822.39 crore as compared to Rs 33,163.15 crore as on June 30 last year.

The net non-performing assets as on June 30 were Rs 5,381.77 crore as against Rs 6,656.15 crore as on June 30, 2022.

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