Sunday, May 10, 2020

ICICI Bank reports excellent numbers

 ICICI Bank has reported 26 per cent jump in net profit in the fourth quarter of the fiscal 2019-20 at Rs1,221 crore as against Rs 969 crore a year ago.

The bank’s total income grew by 12 per cent to Rs 23,443 crore in the quarter ended March 30, 2020 from Rs 20,914 crore a year ago. The net interest income grew by 17 per cent to Rs 8,927 crore in the fourth quarter, from Rs 7,620 crore a year ago.

The net interest margin is the highest ever at 3.87 per cent in the fourth quarter.

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