Net interest income (NII) for the quarter rose 18 per cent year-on-year to Rs 10,936 crore from Rs 9,280 crore YoY.
Non interest income for the quarter, excluding treasury income, rose 56 per cent to Rs 3,706 crore compared with Rs 2,380 crore in the same quarter last year, the bank said in a BSE filing.
Provisions (excluding provision for tax) fell to Rs 2,852 crore in June quarter from Rs 7,594 crore in the year-ago quarter.
ICICI Bank said it has changed its policy on non-performing loans during the June quarter to make it more conservative.
“The change in policy resulted in higher provision on non-performing advances amounting to Rs 1,127 crore (US$ 152 million) for aligning provisions on outstanding loans to the revised policy,” it said.
Gross non-performing assets came in at 5.15 per cent, which was higher than 4.96 per cent in March quarter, but lower than year-ago’s 5.46 per cent.
…More to come
