Country's largest private sector lender ICICI Bank on Friday reported 14 per cent rise in its consolidated net profit for the June quarter at `3,232 crore, and hinted at an end to the asset quality woes which cheered investors. On a standalone basis, the bank's post tax profit for the April-June period was up 12 per cent at `2,976 crore.
Its total income was at `15,802 crore and the core net interest income moved up 14 per cent to `5,115 crore on the back of 17 per cent credit growth and an expansion in margins. The other income growth was a tepid 5 per cent at `2,990 crore on a decline in treasury profits and dividend from subsidiaries.