HomeBUSINESSICICI Bank Q1 results: Net profit rises nearly 50% to ₹6,905 crore,...

ICICI Bank Q1 results: Net profit rises nearly 50% to ₹6,905 crore, asset quality improves

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ICICI Bank registers a growth of 49.59% in net profit to 6,904.94 crore for the quarter ending June 30, 2022 (Q1FY23) period compared to 4,616.02 crore in the same period last year. Q1 PAT, however, declined by 1.62% from 7,018.71 crore recorded in the preceding quarter. Meanwhile, the bank garnered a net interest income of 13,210.02 crore in Q1FY23 rising by 20.8% from 10,935.76 crore in the corresponding period a year ago and also increasing by 4.80% from 12,604.56 crore in Q4FY22.

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