ICICI Bank shares jump nearly 5% after company reports standalone net profit of Rs 1,908 crore in Q1

Shares of ICICI Bank on Monday jumped nearly 5 percent after the company reported a standalone net profit of Rs 1,908 crore for the first quarter ended 30 June

Press Trust of India July 29, 2019 13:02:50 IST
ICICI Bank shares jump nearly 5% after company reports standalone net profit of Rs 1,908 crore in Q1
  • ICICI Bank shares gained 4.62 percent to Rs 434.70 on the BSE

  • At the NSE, shares went up by 4.71 percent to Rs 435.35

  • The lender witnessed an improvement in asset quality as gross non-performing assets (NPAs) fell to 6.49 percent of the gross advances by the end of June 2019, from 8.81 percent a year ago

New Delhi: Shares of ICICI Bank on Monday jumped nearly 5 percent after the company reported a standalone net profit of Rs 1,908 crore for the first quarter ended 30 June.

The scrip gained 4.62 percent to Rs 434.70 on the BSE.

ICICI Bank shares jump nearly 5 after company reports standalone net profit of Rs 1908 crore in Q1

Representational image. Reuters.

At the NSE, shares went up by 4.71 percent to Rs 435.35.

The bank had posted a net loss of Rs 120 crore in the same quarter a year ago.

Total income on a standalone basis in the reported quarter rose to Rs 21,405.50 crore from Rs 18,574.17 crore a year earlier, the bank had said in a regulatory filing on Saturday.

The lender witnessed an improvement in asset quality as gross non-performing assets (NPAs) fell to 6.49 percent of the gross advances by the end of June 2019, from 8.81 percent a year ago.

Net NPAs were 1.77 percent, down from 4.19 percent a year ago.

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