ICICI Bank Q2 revenue up 25% to Rs 6,092 crore

ICICI Bank on Saturday reported 24.7 per cent rise in consolidated internet revenue at Rs 6,092 crore for September quarter 2021-22.
The non-public sector lender had posted a internet revenue of Rs 4,882 crore in the identical quarter of the earlier fiscal yr.
Total earnings nevertheless grew marginally to Rs 39,484.50 crore within the quarter from Rs 39,289.60 crore in the identical interval of 2020-21, ICICI Bank mentioned in a regulatory submitting.

On standalone foundation, the online revenue jumped 30 per cent to Rs 5,511 crore through the quarter, as in opposition to Rs 4,251 crore.
Income was up at Rs 26,031 crore from Rs 23,651 crore.

The financial institution’s asset high quality confirmed enchancment as gross non-performing property (NPAs) fell to 4.82 per cent of gross advances as of September 30, 2021 as in opposition to 5.17 per cent by the year-ago interval.
Net NPAs (dangerous loans) too fell to 0.99 per cent from 1 per cent.