ICICI Bank reported Q3 Results on January 21, 2023. Net profit of Rs.8,311.85 crores rose 34% YoY, which was higher than the Money Control poll estimate.

ICICI Bank reported a Net Interest Income of Rs.16,465 crores rose 34.6% YoY. It was Rs.12,236 crores in Q3 last year. 

Bank reported its NIM of 4.65% for Q3FY23, it was at 3.96% in the same quarter last year.

Bank reported a Net profit of Rs.8,311.85 crores rose 34% YoY, which was higher than the Money Control poll estimate. It was Rs.6,193.81 crores in Q3 last year. 

Bank reported Core Operating profit Rs.13,235 crores up 31.6% YoY. It was Rs.10,060 crores in Q3 last year. 

ICICI Bank reported Overall loan portfolio grew by 19.7% year-on-year. Domestic loan portfolio grew by 21.4% year-on-year.

Bank reported Gross NPA of 3.07% was 3.19% QoQ and 4.13% YoY. Net NPA of 0.55% was 0.61% QoQ and 0.85% YoY.

The Bank opened about 300 branches in 9M-2023 and had a network of 5,718 branches and 13,186 ATMs at December 31, 2022.

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