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ICICI Bank reports 21.59% increase in Q2 net profit

31 Oct 2011 Evaluate

ICICI Bank, India's No. 2 lender has reported results for the second quarter ended September 30, 2011.

The bank’s net profit for the second quarter of the current fiscal has grown 21.59% at Rs 1503.19 crore as compared to Rs 1236.27 crore for the corresponding quarter of the last year. The bank’s total income has surged 25.49% at Rs 9897.17 crore for the quarter under review as compared to Rs 7887.03 crore for the second quarter of the previous year.

The banks’ gross NPA stood at 4.14% for the quarter ended September 30, 2011 as compared to 4.36% in the quarter ended September 30, 2010. Its net NPA also rose at 0.93% in Q2FY12 as compared to 1.04% in Q2FY11.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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