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Sandeep Bakhshi: ICICI Bank to invest in technology to enhance customer offerings The bank has seen significant increase in adoption of mobile banking app, iMobile Pay, s since its launch six months ago. Share Updated: Jul 30, 2021, 05:11 PM IST Sandeep Bakhshi led private lender ICICI Bank s net profit grew by 78 per cent year-on-year to Rs 4,616 crore for the quarter ended June 30, 2021 (Q1FY22) compared to Rs 2,599 crore for the same quarter in last year. The significant growth in profit, despite second wave of the Covid-19 pandemic is largely driven factors like interest margins, lower provisioning and digital banking initiatives undertaken by India’s second largest private lender, to deliver a convenient and frictionless experience to its customers.

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