ICICI Bank's Q3 profit hits record high, BB and below rated pool jumps: Key takeaways - News Summed Up

ICICI Bank's Q3 profit hits record high, BB and below rated pool jumps: Key takeaways


NEW DELHI: ICICI Bank ’s December quarter profit after tax (PAT) came in at Rs 4,146.50 crore which was its highest quarterly profit ever, data available with corporate database AceEquity suggests. Here are the key takeaways from the ICICI Bank’s Q3 results:ICICI Bank’s Q3 profit at Rs 4,146.50 crore was its highest for any quarter. The private lender had hit Rs 3,000 crore profit mark only thrice in history. Total advances increased 13 per cent YoY to Rs 6,35,654 crore from Rs 5,64,308 crore.Net interest income (NII) for the quarter rose 24 per cent YoY to Rs 8,545 crore against Rs 6,875 crore in the year-ago quarter. Non-interest income, excluding treasury income, stood at Rs 4,043 crore against Rs 3,404 crore YoY.


Source: Economic Times January 25, 2020 10:41 UTC



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