Medilytix Bureau:

ICICI Bank on Saturday announced that it has recorded a 59 per cent jump in standalone net profit at Rs 7,019 crore for the quarter ended March 31, 2022. The profit figure stood at Rs 4,403 crore for the same period last year.

In FY22, ICICI Bank’s standalone net profit grew 44 per cent year-on-year to Rs 23,339 crore from Rs 16,193 crore in the year ended March 31, 2021

Net interest income (NII) increased by 21 per cent year-on-year to Rs 12,605 crore in the January-March quarter of FY22 from Rs 10,431 crore in Q4FY21. The net interest margin was 4.00 per cent in Q4 of FY22 compared to 3.84 per cent in Q4 of FY21and 3.96 per cent in the quarter ended December 31, 2021.

The bank’s core operating profit (profit before provisions and tax, excluding treasury income) increased by 19 per cent year-on-year to Rs 10,164 crore in Q4-2022 from Rs 8,565 crore in the quarter ended March 31, 2021. Excluding dividend income from subsidiaries/associates, core operating profit grew by 21 per cent year-on-year in Q4 of FY22.

Non-interest income, excluding treasury income, increased by 11 per cent year-on-year to Rs 4,608 crore in Q4-2022 from Rs 4,137 crore in Q4-2021.

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