ICICI Bank's Q2 net rises 20 per cent to Rs2,390 crore

ICICI Bank, the country's largest private sector bank, today reported a 20-per cent year-on-year increase in its consolidated net profit for fiscal second quarter, at Rs2,390.37 crore against a net profit of Rs1,991.68 crore for the comparable period last fiscal.

The total income of the bank in the July-September quarter of fiscal 2012-13 increased to Rs18,609.43 crore, from Rs16,110.61 crore in the second quarter of fiscal 2011-12, ICICI Bank said in a filing with the Bombay Stock Exchange (BSE).

On a standalone basis, net income of ICICI Bank stood at Rs1,956.11 crore during the quarter, an increase of 30.13 per cent from Rs1,503.19 crore in Q2 last fiscal.

Standalone profit before tax increased 32 per cent to Rs2,685 crore ($508 million) for the quarter ended 30 September 2012 from Rs2,035 crore ($385 million) during the quarter ended 30 September 2011.

Total income of the bank during the July-September 2012-13 quarter stood at Rs12,069.30 crore against Rs9,897.17 crore in the previous year period.

Net interest income of ICICI Bank increased 35 per cent to Rs3,371 crore ($638 million) in Q2-'13 from Rs2,506 crore ($474 million) in Q2-'12.