ICICI Bank’s YoY Q2FY22 standalone net profit up 30%

Mumbai : Private sector lending major ICICI Bank on Saturday reported a rise of 30 per cent in its year-on-year standalone net profit for the second quarter of FY 2021-22.
On a standalone basis, the profit after tax grew to Rs 5,511 crore compared to Rs 4,251 crore in Q2FY21.
Similarly, the bank’s net interest income (NII) rose during the quarter during under review.
It grew by 25 per cent to Rs 11,690 crore in Q2FY22 from Rs 9,366 crore in Q2FY21.
“The net interest margin increased to 4 per cent in Q2-2022 from 3.89 per cent in the quarter ended June 30, 2021 (Q1-2022) and 3.57 per cent in Q2-2021,” the bank said in a statement.
“Non-interest income, excluding treasury income, increased by 26 per cent year-on-year to Rs 4,400 crore in Q2-2022 from Rs 3,486 crore in Q2-2021.”