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

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. [caption id=“attachment_3868269” align=“alignleft” width=“380”] Representational image. Reuters.[/caption] 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.