2 weeks Ago By Arjit Saxena
ICICI Bank has announced 14.5% year-on-year increase in net profit for the quarter, reaching Rs 11,746 crore, up from Rs 10,261 crore in the same period last year. The bank's net interest income (NII) also demonstrated strong growth, rising by 9.
5% to Rs 20,048 crore, compared to Rs 18,307.9 crore year-on-year. The bank's net interest margin for the quarter was 4.
27%, down slightly from 4.36% in the previous quarter (Q1 FY25) and 4.53% in Q2 FY24.
Core operating profit increased by 12.1% to ₹16,043 crore over the previous year. When dividend income from subsidiaries and associates is excluded, core operating profit rises 13.
4% year on year. The shares of ICICI Bank closed at Rs 1,259.60 on Friday.
The 52 week high and low of the share is Rs 1,362.35 and Rs 899 respectively. According to the BSE analytics, the shares have given returns of 37.
06 per cent in the last 1 year. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.
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