India’s second largest private sector bank ICICI Bank announced its quarter-final 3 result for the financial year 2023-24 on Saturday, reporting a rise of 23.5% in standalone net profit at Rs. 10272 crore as compared to 8312 Crore in the last financial year of that quarter.
Therefore, lenders net interest income (NII) has increased by 13.4% to 18,678 Crore in the December quarter from 16,465 Crore in the previous year as a same quarter.
The gross non-performing asset (NPA) ratio declined to 2.30 percent was at 31, 2023 from 2.48 percent on September 30, 2023. The Net NPA ratio of the bank was 0.44 percent at December 31, 2023 as compared to 0.430% at September 30, 2023 and 0.55 % at December 31, 2023.