ICICI Bank Q4 profit surges 260% to ₹4,402 crore
April 24, 2021
Net interest income rises 17% to ₹10,431 crore
Private sector lender ICICI Bank’s standalone net profit more than doubled by 260.4 per cent to ₹4,402.61 crore in the quarter ended March 31, 2021 with a robust increase in net interest income.
Its standalone net profit was ₹1,221.36 crore in the fourth quarter of 2019-20.
On a standalone basis, ICICI Bank’s net profit grew 104 per cent to ₹16,193 crore in 2020-21 from ₹7,931 crore in 2019-20.
For the quarter ended March 31, 2021, the bank’s net interest income increased by 17 per cent to ₹10,431 crore from ₹8,927 crore in the same period a year ago.