TIWN
Mumbai, Jan 23 (TIWN) Private sector lending major ICICI Bank on Saturday reported a rise of 25 per cent year-on-year in its standalone net profit for the third quarter of FY22.
Similarly, the bank's net interest income (NII) rose during the quarter under review, growing by 23 per cent to Rs 12,236 crore in Q3FY22 from Rs 9,912 crore in Q3FY21. "The net interest margin was 3.96 per cent in Q3-2022 compared to 3.67 per cent in Q3-2021 and 4 per cent in the quarter ended September 30, 2021 (Q2-2022). "Non-interest income, excluding treasury income, increased by 25 per cent year-on-year to Rs 4,899 crore in Q3-2022 from Rs 3,921 crore in Q3-2021," ICICI Bank said in a statement. Besides, the bank's provisions (excluding provision for tax) declined by 27 per cent year-on-year to Rs 2,007 crore in Q3FY22 from Rs 2,742 crore in Q3FY21.
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