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.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Mumbai court rejects Deepak Kochhar's bail plea in ICICI Bank-Videocon money laundering case
India

Mumbai court rejects Deepak Kochhar's bail plea in ICICI Bank-Videocon money laundering case

Special PMLA judge PP Rajvaidya rejected the "regular'' bail application of Deepak Kochhar filed on merits of the case as against technical grounds

Supreme Court rejects Chanda Kochhar's appeal against sacking as CEO of ICICI Bank
Business

Supreme Court rejects Chanda Kochhar's appeal against sacking as CEO of ICICI Bank

The top court was hearing Kochhar's appeal against an order of the Bombay High Court, which had dismissed her plea against termination, noting that the dispute arises from a contract of personal service