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ICICI Bank’s net profit up 59 percent in the fourth quarter, increased to Rs 7,019 crore

ICICI Bank Q4 Result: Private sector ICICI Bank has also released its fourth quarter results today. The bank’s net profit has climbed 59 per cent on a standalone basis in the fourth quarter of the financial year 2021-22. The profit of the bank has reached Rs 7,019 crore. The bank has given information about this on Saturday.

How much was the profit?
Let us tell you that the bank had a profit of Rs 4,403 crore in the same period of the last financial year. The bank said that its total income increased to Rs 27,412 crore during January-March 2022 from Rs 23,953 crore in the same period last year.

Income from interest increased by 21 percent
Apart from this, interest income also increased by 21 per cent to Rs 12,605 crore from Rs 10,431 crore a year ago. On a consolidated basis, the bank’s net profit increased 58 per cent to Rs 7,719 crore for the quarter ended March 31.

What was the NPA of the bank?
It was Rs 4,886 crore in the same period of the year 2020-21. The asset quality of the bank has also improved in the last quarter. The Bank’s Gross Non-Performing Assets (NPA) declined to 3.60 per cent of Gross Advances by March 2022. It was 4.96 per cent of gross advances a year ago. During this period, the net NPA of the bank also fell from 1.14 per cent to 0.76 per cent.

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