ICICI Bank Q1 profit rises 16% to ₹14,805 crore
after close1 source ↓written by the desknot a recommendation
- in standalone net
- 15.9% YoY increase
- for Q1
- ₹14,805 crore
- last year
- ₹12,768 crore
- income NII grew
- 12.7%
- ₹24,384 crore
ICICI Bank reported a 15.9% YoY increase in standalone net profit to ₹14,805 crore for Q1, up from ₹12,768 crore last year. Net interest income (NII) grew 12.7% to ₹24,384 crore, with net interest margin expanding to 4.36%. Fee income surged 23.5% to ₹7,286 crore, driven by retail and business banking customers.
This strong performance may enhance investor sentiment and support trading activity in the banking sector. 📈
Not investment advice. For informational purposes only.