ICICI Bank’s Q2 net profit jumps six-fold to Rs 4,251 crore

Mumbai: ICICI Bank clocked six-fold jump in its net profit for the July-September (second) quarter for 2020-21 to Rs 4,251 crore compared to Rs 655 crore reported during the corresponding period in 2019-2020, a company statement said here on Saturday.
The net non-performing asset (NPA) ratio decreased from 1.23 per cent at June 30, 2020 to 1 per cent at September 30, 2020.
The bank’s net interest income increased by 16 per cent year-on-year to Rs 9,366 crore in Q2-2021 from Rs 8,057 crore in Q2 2020.
The net interest margin was 3.57 per cent in Q2-2021 compared to 3.69 per cent in the quarter ended June 30, 2020 (Q1) and 3.64 per cent in (Q2), reflecting surplus liquidity with the bank.
The bank’s total capital adequacy ratio was at 19.33 per cent and Tier-1 capital adequacy ratio of 17.89 per cent on a standalone basis at September 30, 2020 (including profits for the six months ended September 30, 2020).
Total deposits in the bank increased by 20 per cent year-on-year to Rs 832,936 crore at September 30, 2020.