New Delhi, Jan 31: Largest private sector lender the Chanda Kochhar-led ICICI Bank on Thursday reported a 30 per cent jump in standalone net profit at Rs 2,250 crore in the December quarter against Rs 1,728 crore a year ago.
The consolidated net rose 22 per cent year-on-year to Rs 2,645 crore from Rs 2,174 crore, the bank said in an exchange filing to the BSE.
The reporting quarter saw the city-based lender improving its net interest margin by 37 basis points to 3.07 per cent.
Advances rose 16 per cent to Rs 2,86,766 crore, led by a 17 per cent spike in retail advances to Rs 96,528 crore. Net interest income rose 29 per cent to Rs 3,499 crore from Rs 2,712 crore.
The net non-performing asset ratio improved to 0.64 per cent from 0.70 per cent a year ago. Sequentially too, it improved a bit from 0.66 per cent.
Capital adequacy ratio stood at 19.53 per cent with the tier-1 capital adequacy being at 13.25 per cent.
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