ICICI Bank on Friday reported over 22% fall in the consolidated net profit for the first quarter (Q1) ended on June 30, 2016.
The bank's net profit for the April-June quarter of the fiscal year 2016-17 (FY17) declined by 22.17% to Rs 2,515.85 crore as against Rs 3,232.37 crore in the same quarter of previous fiscal, ICICI Bank said in a filing to the BSE on Friday.
However, its total income from operations in Q1 FY17 surged by 9.03% to Rs 24,483.75 crore as compared to Rs 22,456.32 crore in Q1 FY16, it added.
The company's total assets during the quarter increased by 14.02% to Rs 939,608.59 crore as against Rs 824,050.59 crore in the same quarter of last fiscal.
The stock of ICICI Bank on Friday closed down 3.40% or Rs 9.25 at Rs 262.85 on the Bombay Stock Exchange (BSE).
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
ICICI Bank revises lending rate by 0.05%
ICICI Bank becomes first institution to sign MoU with BRICS
ICICI Bank's senior management team not to get 'performance bonus' for FY16: Chanda Kochhar