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ICICI Bank Q3 Results: Net profit rises 24% to ₹10,272 crore, 13% surge in Net Interest Income

 

ICICI Bank Q3 Results: 

Net profit rises 24% to ₹10,272 crore, 13% surge in Net Interest Income



India's second-largest private sector lender ICICI Bank on Saturday (January 20) witnessed impressive year-on-year growth, with a 23.5% increment in standalone profit and a 13% ascent in net interest income for the third quarter of FY 2023-24. 


The Mumbai-based ICICI bank's standalone profit surged to ₹10,271.54 crore for the third quarter, marking an increase from the ₹8,311.85 crore reported in the same period the previous year, as disclosed in its BSE filing.

Furthermore, the bank's net interest income (NII) experienced a year-on-year growth of 13.4%, reaching ₹18,678 crore for the quarter under review from ₹16,465 crore in the same period a year ago.


(Image Courtesy: https://www.newsbytesapp.com)
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