ICICI Bank has reported a 36 per cent
rise in net profit at Rs 1,815 crore for the quarter ended June 30 on strong loan growth and improving asset quality.
The country's largest private lender had posted a net profit of Rs 1,332 crore during the like period of the previous financial year.
ICICI Bank's total income stood at Rs 11,425.6 crore during the quarter under review against Rs 9,261.4 crore during the year-ago period, it added.
The bank's net non-performing asset ratio decreased to 0.61 per cent at June 30, 2012 from 0.91 per cent at June 30, 2011.
The advances increased 22 per cent year-on-year to Rs 2,68,430 crore during the period under review from Rs 2,20,693 crore during the year-ago period.
The savings accounts deposits increased 17 per cent year-on-year to Rs 77,923 crore.
Shares of ICICI Bank were trading 2.41 per cent higher on the Bombay Stock Exchange at 3.18 pm.
With inputs from IANS