ICICI Bank's Q3 results show a 25 pc increase in net profit
ICICI Bank's Q3 results show a 25 pc increase in net profit
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ICICI Bank reported a 25 percent increase in standalone net profit to Rs 6,194 crore for the quarter ended December 31, 2021 on Saturday. It was Rs 4,940 crore a year ago. In Q3FY22, net interest income increased by 23 percent to Rs 12,236 crore from Rs 9,912 crore in Q3FY21.

In Q3FY22, the net interest margin was 3.96 percent, up from 3.67 percent in Q3FY21 and 4 percent in the quarter ended September 30, 2021.

On Friday, the lender's stock ended 0.66 percent lower at Rs 804.60 on the BSE.

Provisions (ex-tax) decreased by 27 percent year on year to Rs 2,007 crore in Q3FY22, from Rs 2,742 crore in Q3FY21. Non-interest revenue, excluding treasury revenue, increased 25 percent year on year to Rs 4,899 crore in Q3FY22 from Rs 3,921 crore in Q3FY21. Retail loan portfolios increased by 19 percent year over year and 5 percent sequentially, to account for 61.3 percent of total loan portfolios at December 31, 2021.

At December 31, 2021, total deposits increased by 16 percent year on year and 4 percent sequentially to Rs 10.17 trillion. Current account deposits on average increased by 34 percent year over year. Savings account deposits on average increased by 25 percent year over year. At December 31, 2021, total term deposits increased by 12 percent year on year to Rs 5.36 trillion.

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