ICICI Bank reports 30% surge in Q2 net profit

ICICI Bank has reported results for second quarter ended September 30, 2012.

The bank has posted a rise of 30.13% in its net profit at Rs 1956.11 crore for the quarter ended September 30, 2012 as compared to Rs 1503.19 crore for the same quarter in the previous year. Total income has increased by 21.95% at Rs 12069.30 crore for quarter under review as compared to Rs 9897.17 crore for the quarter ended September 30, 2011.

Gross non-performing assets (NPAs) of the bank have decreased to 3.54% for the quarter as against 4.14% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 0.78%, lower than 0.93% in the previous quarter.