ICICI Bank Q3 results beat estimates: Profit jumps 34% to Rs 8,312 crore, NII up 35%

ICICI Bank Q3 results beat estimates: Profit jumps 34% to Rs 8,312 crore, NII up 35%

India’s second largest private sector lender ICICI Bank today reported 34.2% year-on-year (YoY) increase in its standalone profit after tax to Rs 8,312 crore in the December quarter. The bank’s net interest income (NII) increased by 34.6% YoY to Rs 16,465 crore in Q3. ICICI Bank’s net interest margin increased to 4.65% in Q3 compared … Read more

Retail loans, other income help BoB swing back to profit in Q1

Retail loans, other income help BoB swing back to profit in Q1

(BoB) swung back to a profit in the quarter ended June 2021 led by a growth in retail loans and a strong growth in other income. The bank reported a net profit of Rs 1,209 crore from a loss of Rs 864 crore a year ago on the back of a 16% growth in net … Read more