ICICI Q3 profit jumps 19% to 4,940 crore


2021-01-30 22:59:15

MUMBAI: ICICI Bank on Saturday reported a net profit of Rs 4,940 crore for the quarter ended December 2020 — an increase of 19% over Rs 4,146 crore in the corresponding quarter last year. A drop in the cost of funds helped the lender grow its net interest income to by 16% year-on-year to Rs 9,912 crore in Q3FY21 from Rs 8,545 crore in Q3FY20.
Explaining the improved performance, despite the pandemic, Sandeep Batra, executive director, said that for the quarters ended March 2020 and June 2020, the bank had made provisions anticipating stress. However, the defaults were not as bad as expected and things were looking better. On December 31, 2020, the bank had set aside Rs 9,984 crore for Covid-19 related provision. This includes contingency provision for proforma NPAs amounting to Rs 3,509 crore for loans not classified as non-performing. The NPA’s are described as proforma as the Supreme Court has asked banks not to classify any of the Covid default as an NPA until further orders.
Total deposits increased by 22% year-on-year to Rs 874,348 crore at December 31, 2020, while domestic loans grew 13%. The retail loan portfolio grew by 15% year-on-year and 7% sequentially on December 3.



Source link

90 Comments

  1. JbbvGroom February 3, 2021
  2. FqhhGroom February 4, 2021
  3. Nncssnopy February 4, 2021
  4. KbcxZece February 6, 2021
  5. Fvfcsnopy February 6, 2021
  6. LbsxGroom February 8, 2021
  7. AhkdGroom February 9, 2021
  8. Aqcfcupecteds February 9, 2021
  9. Jbnbsting February 10, 2021
  10. JbbnGroom February 10, 2021
  11. KuikEvows February 10, 2021
  12. FqbbGroom February 11, 2021
  13. Nbnhsnopy February 12, 2021
  14. KvaxZece February 13, 2021
  15. Fbsgsnopy February 14, 2021
  16. LabxGroom February 15, 2021
  17. Jbnvsting February 17, 2021
  18. AhbzGroom February 17, 2021
  19. Clarksoish February 27, 2021
  20. KndnZece February 28, 2021
  21. WesleyUtiff March 5, 2021
  22. Randyabemi March 8, 2021
  23. Randyabemi March 9, 2021
  24. ivermectin canine March 10, 2021
  25. Wayneweday March 11, 2021
  26. Wayneweday March 12, 2021
  27. ventolin coupon card March 13, 2021
  28. ivermectin heartgard March 14, 2021
  29. Wayneweday March 14, 2021
  30. children amoxicillin March 14, 2021
  31. Wayneweday March 14, 2021
  32. ventolin pills March 15, 2021
  33. Wayneweday March 15, 2021
  34. Ricardomus March 16, 2021
  35. furosemide. March 16, 2021
  36. amoxicillin itching March 16, 2021
  37. Ricardomus March 17, 2021
  38. furosemide overdose March 17, 2021
  39. azithromycin and prednisone March 17, 2021
  40. Ricardomus March 18, 2021
  41. zithromax pfizer March 18, 2021
  42. Ricardomus March 19, 2021
  43. purpose of clomid March 19, 2021
  44. long term doxycycline March 19, 2021
  45. Ricardomus March 20, 2021
  46. prednisolone 1mg tablets March 20, 2021
  47. doxycycline hyclate wiki March 20, 2021
  48. does clomid work March 21, 2021
  49. MarvinHag March 22, 2021
  50. dhasolone prednisolone 5mg March 22, 2021
  51. dapoxetine uk generic March 22, 2021
  52. MarvinHag March 23, 2021
  53. dapoxetine burns tongue March 23, 2021
  54. diflucan cost cvs March 23, 2021
  55. synthroid conversion March 24, 2021
  56. diflucan nursing March 24, 2021
  57. MarvinHag March 25, 2021
  58. abbvie synthroid coupon March 26, 2021
  59. MarvinHag March 26, 2021
  60. MarvinHag March 27, 2021
  61. MarvinHag March 28, 2021
  62. VictorJonge March 29, 2021
  63. VictorJonge March 30, 2021
  64. propecia package insert March 31, 2021
  65. VictorJonge March 31, 2021
  66. buy propecia uk April 1, 2021
  67. Frankhem April 1, 2021
  68. Frankhem April 2, 2021
  69. lotemax vs prednisolone April 2, 2021
  70. paxil 30 mg coupon April 4, 2021
  71. gabapentin 100mg April 4, 2021
  72. Charlesget April 4, 2021
  73. buy quineprox April 5, 2021
  74. glucophage sale April 5, 2021
  75. Charlesget April 5, 2021
  76. Charlesget April 6, 2021
  77. Alfredted April 7, 2021
  78. paxil headache April 7, 2021
  79. plaquenil buy online April 7, 2021
  80. Alfredted April 8, 2021
  81. neurontin 800 mg April 8, 2021
  82. Alfredted April 9, 2021
  83. HarryShife April 10, 2021
  84. HarryShife April 10, 2021
  85. Robertovob April 13, 2021
  86. Robertovob April 15, 2021
  87. Robertovob April 16, 2021
  88. Robertovob April 17, 2021
  89. Rafaelweilk April 17, 2021
  90. Rafaelweilk April 18, 2021

Leave a Reply