ICICI Bank logs Rs 9,648 crore net

CHENNAI: Privately owned ICICI Bank on Saturday said its standalone net profit for Q1FY24 zoomed by 39.7 per cent 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 previ-ous 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 was Rs 5,381.77 crore as against Rs 6,656.15 crore as on June 30, 2022. (IANS)

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