ICICI Bank Share: ICICI Bank stock jumps nearly 2% after earnings | Business – Times of India

NEW DELHI: Shares of ICICI Bank on Monday gained almost 2 per cent after the corporate reported a 59 per cent bounce in standalone internet revenue for the fourth quarter of 2021-22. The inventory jumped 1.89 per cent to Rs 761.50 on the BSE.
On the NSE, it went up by 1.83 per cent to Rs 761.35.
The personal sector lender on Saturday reported a 59 per cent bounce in standalone internet revenue to Rs 7,019 crore for the fourth quarter of 2021-22.
The financial institution had earned a revenue of Rs 4,403 crore within the corresponding January-March interval of the final 12 months.
Whole revenue of the financial institution rose to Rs 27,412 crore in January-March from Rs 23,953 crore within the year-ago quarter, ICICI Financial institution stated in a regulatory submitting.
Internet curiosity revenue (NII) elevated 21 per cent to Rs 12,605 crore from Rs 10,431 crore in the identical quarter a 12 months in the past, it stated.
On a consolidated foundation, ICICI Financial institution Group’s internet revenue jumped 58 per cent to Rs 7,719 crore in March quarter from Rs 4,886 crore within the year-ago interval.
The financial institution’s asset high quality improved as gross non-performing property fell to three.60 per cent of gross advances as of March 31, 2022, from 4.96 per cent within the corresponding interval a 12 months in the past.
Internet NPAs additionally declined to 0.76 per cent from 1.14 per cent on the finish of the fourth quarter of the earlier monetary 12 months.

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