ICICI Bank Q4 Results: Profit Rises 18%, NII Rises 11%

Strong loan growth, a rise in net interest income and an improvement in asset quality helped ICICI Bank Ltd. to report an 18% year-on-year rise in profit after tax, which rose to Rs 12,630 crore for the quarter ended March, exceeding the consensus estimate of Rs 11,669 crore from analysts polled by Bloomberg.Net interest income rose 11% over the year to Rs 21,193 crore.

The private sector bank's asset quality improved, with the gross non-performing assets ratio falling to 1.67% as of March 31, compared to 1.96% in the previous quarter.



The net NPA ratio fell to 0.39% from 0.42% in the prior quarter.

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