NEWS & ADVICE : CAR LOANS
ICICI Bank achieves net profit of Rs 1,026 crore in Q1
By Vaibhav Aggarwal
Aug 2, 2010
Print    Email    RSS   

The largest private sector lender of the country, ICICI Bank has booked a net profit of Rs 1,026 crore for the first quarter of this fiscal. The bank's profit have shown a 17% rise from last year's figures for the same period. Last year the bank had booked Rs 878 crore profit.

Fee income of the bank has increased by 7% amounting to Rs. 1,413 crore from Rs. 1,319 crore.

"The bank continued to invest in expansion of its branch network to enhance its deposit franchise and create an integrated distribution network for both asset and liability products. The branch network has increased to 2,016 as at June 30, 2010, the largest branch network among private sector banks in the country," the bank said.

The CASA deposits of the bank amount to Rs. 84,618 crore from Rs. 63,977 crore thus meaning a 32% rise.

Total deposits of the bank for the first quarter amounted to Rs. 200,913 crore for the first quarter while the loan book figured to Rs. 184,378 crore.

There has been a dip in the NPA level of the bank too. The net NPAs of the bank have dipped to 1.62% as against 2.19%.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
TIPS FOR ASPIRING CAR BUYERS AND OWNERS
Bank loans that could glitter for you
Selecting the appropriate car loan
Effect of employment on loan eligibility...


DEAR SIR PLEASE SEND ME MY REPAYMENT SEDULE OF MY...
Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive