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MUMBAI: ICICI Bank on Saturday announced an over six per cent decline in net profit in the April-June quarter at Rs 728.01 crore against Rs 775.08 crore in the year-ago period.

“Sharp increase in interest rate and adverse market conditions during the quarter had a negative impact of Rs 594 crore on the bank's trading portfolio and Statutory Liquidity Ratio (SLR) and its treasury income in Q1 FY'09,” the bank said in a filing wi th the BSE.

The total income rose to Rs 9,429.98 crore in the latest quarter, from Rs 9,281.42 crore in the year-ago period. The bank's net interest income increased 41 per cent to Rs 2,090 crore in the latest quarter, from Rs 1,479 crore in the same period previous fiscal.

During the quarter ended June 30, the bank, including its subsidiaries, had a total assets worth Rs 4,84,643 crore. Shares of ICICI Bank closed at Rs 656.85, down 9.62 per cent on the BSE on Friday. - PTI
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