India's second largest bank ICICI Bank has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 1,395 crore in Q2FY11 as against Rs 1,145 crore in the same period of previous year, a growth of 21.83%.
Numbers included Bank of Rajasthan's numbers.
The company has reported profit after tax at Rs 1,236 crore for the quarter ended September 30, 2010 as against Rs 1,040 crore for the quarter ended September 30, 2009, a growth of 18.85%.
Current Account, Savings Account (CASA) increased to 44% in Q2FY11 from 36.9% Q2FY10. Net non-performing asset (NPA) ratio declined at 1.4% versus 2.2% (YoY).
Capital adequacy ratio was at 20.2% in Q2FY11. Provisions declined at Rs 641 crore from Rs 1,071 crore.
Source : www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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