Private lender ICICI Bank on Saturday posted its financial status to the stock exchanges. According to the results, the Bank’s a standalone net profit scaled up to Rs.4,251 crore for the quarter ending 30 September, 2020. This is a six-fold jump when compared to the net profit of Rs655 crore reported in the corresponding period a year-ago.

Total deposits grew by 20  percent year-on-year to Rs 8,32,936 crore at September 30, 2020 with 17  percent growth in average current and savings account (CASA) deposits, while Term deposits grew by 26  percent year-on-year at September 30, 2020.  Domestic loans grew by 10 percent year-on-year and 4 percent, quarter-on-quarter, at September 30, 2020. Retail loans grew by 13 percent year-on-year and 6 percent sequentially.

Net non-performing asset (NPA) ratio declined from 1.23 percent at June 30, 2020 to 1.00 percent at September 30, 2020; including loans not classified as NPA pursuant to the Supreme Court’s interim order, net NPA ratio would have been 1.12 percent," the private lender said.

On Friday, shares of ICICI Bank closed at Rs.393.50, lower by Rs.6.40 from its previous closing price on the National Stock Exchange (NSE). ICICI Bank’s stock movement will be watched out in trade on Monday, based on its earning-performance.

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