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    Vikshita Vitthal Gujaran in News

    22-Oct-2022 01:49 PM


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    ICICI Bank’s gross NPA falls 3.19% in Q2FY23, reports 37% growth in PAT

    The second-largest private sector lender in the nation, ICICI Bank, reported a staggering YoY growth in profit after tax (PAT) of 37% on a standalone basis on October 22 from Rs. 5,511 Cr in Q2FY22 to Rs. 7,558 Cr in Q2FY23. From ₹7,201 crore in Q2 2022 to ₹10,036 crore in Q2 2023, the profit before tax (PBT) rose by 39% YoY. The bank's core operating profit (profit before provisions and tax, excluding treasury income), climbed by 24% YoY to ₹11,765 crore in Q2FY23 from ₹9,518 crore in the quarter that ended September 30, 2021 (Q2-2022). The bank said that its Net interest income (NII) jumped by 26% year-on-year to ₹14,787 crore in Q2-2023 from ₹11,690 crore in Q2-2022.

    Source -Mint