India’s largest private lender ICICI Bank (ICICI) reported 2.37 per cent rise net profit at Rs 3,102 crore in the second-quarter ended September 2016.
ICICI Bank shares rose by three per cent to Rs 278 per share at close of trading hours on Bombay Stock Exchange today.
The lender said standalone net profit was Rs 3,030 crore for the three months to September 2015.
The total income rose to Rs 22,759 crore in the quarter under review as against Rs 16,106 crore in Q2FY16.
The provisions for the India Company News bad loans stood at Rs 7.082 crore for Q2 of Fy2017 as against Rs 942 crore a year ago.
The gross non-performing loans were Rs 32,178 crore (6.82 per cent) up from Rs 15,857 crore (3.77 per cent) in September 2015. The pool of bad loans (GNPAs) were at Rs 27,193 crore (5.87 per cent) in June 2016).
The capital adequacy ratio (CAR) at end of Q2 Fy17 stood at 16.14 per cent in September 2016 while it was 16.15 per cent.