Mumbai: ICICI Bank Thursday reported 15 percent rise in net profit at Rs 2,709 crore for the second quarter ended September 30.
The bank's net profit on standalone basis was Rs 2,352 crore in the same period last fiscal, ICICI Bank said in a statement.
The total income in the July-September period of the current fiscal increased to Rs 14,888.95 crore, from Rs 12,979.75 crore in the second quarter of 2013-14.
On a consolidated basis, ICICI Bank's net profit rose 14 percent to Rs 3,065 crore as compared to Rs 2,698 crore in the same quarter of the previous fiscal.
The total income during the period under review was Rs 22,150.39 crore as against Rs 19,015.58 crore in the same period a year ago.
During the second quarter, the net interest income of the bank increased 15 percent to Rs 4,657 crore from Rs 4,044 crore in the same period a year ago.
The net interest margin (NIM) during the period rose to 3.42 percent as compared to 3.31 percent at the end of September 2013.
Provisions during the quarter rose to Rs 850 crore as compared to Rs 625 crore in the same period of the previous fiscal due to rise in bad assets of the bank.
The gross non-performing asset (NPA) as a percentage of total advances rose to 3.12 percent from 3.08 percent in the same quarter a year ago.
Its net NPAs went up to 1.09 percent from 0.85 percent at the end of September 2013.
Total advances increased by 14 percent to Rs 3,61,757 crore at the end of September 30, 2014.
The bank continues to see healthy growth in its retail disbursements resulting in a year-on-year growth of 25 percent in the retail portfolio as on September 30, 2014, it said.
The retail portfolio constituted 40 percent of the loan portfolio of the bank at the end of second quarter, it added.
During the first half of the current fiscal, ICICI Bank's net profit on a standalone basis rose 16 percent at Rs 5,364.31 crore as against Rs 4,626.26 crore in the same period a year ago.
Total income rose to Rs 29,505.66 crore in the first six months from Rs 25,884.7 crore in the same period a year ago.
ICICI Bank shares were trading 0.47 percent down at Rs 1,596.35 during afternoon session on the BSE.
