PTI | | Posted by Singh Rahul Sunilkumar
Non-public sector lender ICICI Financial institution on Saturday reported a 34 per cent leap in its standalone revenue at ₹8,312 crore for the quarter led to December 2022, helped by wholesome development in web curiosity earnings.
The financial institution had posted a web revenue of ₹6,194 crore in the identical quarter a yr in the past.
The financial institution’s complete earnings elevated to ₹33,529 crore within the newest December quarter from ₹27,069 crore within the year-ago interval, the financial institution mentioned in a regulatory submitting.
Internet curiosity earnings (NII) elevated by 34.6 per cent to ₹16,465 crore from ₹12,236 crore within the third quarter a yr in the past.
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Internet Curiosity Margin (NIM) too improved to 4.65 per cent as in comparison with 3.96 per cent in the identical interval a yr in the past.
On the asset high quality entrance, the financial institution recorded an enchancment with gross NPAs (Non-Performing Property) declining to three.07 per cent as in comparison with 4.13 per cent on the finish of the third quarter of earlier fiscal.
Internet NPAs additionally eased to 0.55 per cent as in opposition to 0.84 per cent in the identical interval a yr in the past.
The financial institution’s consolidated revenue elevated by 34.5 per cent to ₹8,792 crore from ₹6,536 crore within the third quarter of FY22.