Private sector lender ICICI Bank on Saturday reported a 34 per cent jump in its standalone profit at Rs 8,312 crore for the quarter ended in December 2022, helped by healthy growth in net interest income.
The bank had posted a net profit of Rs 6,194 crore in the same quarter a year ago.
The bank's total income increased to Rs 33,529 crore in the latest December quarter from Rs 27,069 crore in the year-ago period, the bank said in a regulatory filing.
Net interest income (NII) increased by 34.6 per cent to Rs 16,465 crore from Rs 12,236 crore in the third quarter a year ago.
Net Interest Margin (NIM) too improved to 4.65 per cent as compared to 3.96 per cent in the same period a year ago.