SME Times is powered by   
Search News
Just in:   • Markets open on a positive note Wednesday morning  • Paswan interacts with industry on new consumer protection act  • Nelco brings in-flight communication to India  • Taxing retirement income of employees a retrograde step  • 'Listed realty firms log steady sales growth in Q3FY20' 
Last updated: 25 Jan, 2020  

ICICI.9.Thmb.jpg ICICI Bank's Q3 net profit rises 158% to Rs 4,146 cr

icici.jpg
   Top Stories
» Paswan interacts with industry on new consumer protection act
» Prime Minister Modi visits Hunar Haat
» District committees, Centre to work closely to push skill devt
» Handicrafts exhibitions in various parts of country
» Exports from SEZ achieve $100 bn mark in 2019-20
SME Times News Bureau | 25 Jan, 2020
ICICI Bank has reported over two-fold increase in standalone net profit for the quarter ended December at Rs 4,146.46 crore. The net profit rose 158.36 per cent from Rs 1,604.91 crore reported in the year-ago quarter, the bank said here on Saturday.

The total income increased by 17.23 per cent year-on-year during the third quarter of FY20 to Rs 23,638.26 crore, ICICI Bank said in a regulatory filing.

Provisioning by the bank dropped by more than half as it set aside Rs 2,083.20 crore in the third quarter towards provisions and contingencies, down from Rs 4,244 crore in the year-ago period.

Recoveries, upgrades and other deletions, excluding write-offs, during the quarter were Rs 4,088 crore. "Net non-performing asset ratio decreased from 2.58 per cent at December 31, 2018 to 1.49 per cent at December 31, 2019," it said.


 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Feb, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MSME credit gets a boost (2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter