ICICI Bank Q2 net profit at Rs 1002.60 cr
Saturday, October 20, 2007 | | |
ICICI Bank Q2 net profit at Rs 1002.60 cr
ICICI Bank has announced its second quarter numbers of FY08. It has posted net profit of Rs 1002.60 crore for the quarter ended September 2008 as against Rs 755 crore in the same quarter of last year.
Net interest income increased to Rs 1,786 crore from Rs 1,577 crore.
Net interest margin stood at 2.25%. Retail loans increased by 22% while corporate loans by 30%.
Capital Adequacy Ratio increased to 16.76% from 14.34%. Advances grew by 34% and deposits by 20%.
According to CNBC-TV18 estimates, the bank was expected to post growth of 28% in its profit after tax (PAT) to Rs 966.4 crore for the quarter ended September 2008 as against Rs 755 crore in the same period of last year.
Net interest income (NII) was seen up 35.4% to Rs 2135.8 crore versus Rs 1577 crore and operating profit was likely to go up 20.5% to Rs 1941.8 crore from Rs 1611.9 crore