The Hindu Business Line : ICICI Bank Q1 net up 23 pc

ICICI Bank has reported a 23-per cent rise in net profit at Rs 530 crore for the first quarter ended June 30, 2005, against Rs 430.74 crore in the corresponding quarter last year, due to growth in consumer credit and fee income.

Ms Kalpana Morparia, Deputy Managing Director, ICICI Bank, said, "We are the largest player in consumer credit and we enjoy good growth in that sector." Total income increased to Rs 4,088.28 crore from Rs 2,853.49 crore. Other income was Rs 1,090.50 crore (Rs 657.71 crore). Net interest income was Rs 851 crore (Rs 631 crore).

Capital Adequacy Ratio was at 12.04 per cent (15.21 per cent). Net NPAs were 1.96 per cent (2.73 per cent).

Advances grew to Rs 97,908.78 crore (Rs 65,824.55 crore), while deposits grew to Rs 1,13,778.47 crore (Rs 66,779.91 crore). Retail assets increased to Rs 60,063 (Rs 36,583 crore). Home loans, which constitute 52 per cent of consumer credit, were at Rs 32,500 crore (Rs 18,000 crore).

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