ICICI Bank third quarter FY 2015 net profit at Rs 2889 crore – grew 14% YoY

ICICI bank on 30th January 2015, has announced its third quarter results ending 31st December 2014. Consolidated profit for the third quarter ended December 2014 has gone up by 14.1% Year-On-Year to Rs 3265 crore as against Rs 2872 crore a year ago.

Standalone profit after tax is at Rs 2889 crore for third quarter ending December 2014 (FY 2015) compared to Rs 2532 crore for Q3 FY2014 and Rs 2709 crore for Q2 FY2015.

ICICI bank

Net interest income increased 13.1% to Rs 4812 crore in October-December quarter FY 2015 as against Rs 4255 crore in Q3-FY2014 and Rs 4657 Crore in Q2-FY2015

Similarly, non-interest income increased by 10.4% to Rs 3091 crore in Q3-2015 from Rs 2801 crore in Q3-2014.

ICICI bank’s total advances is at Rs 375345 crore compared to Rs 332632 crore a year ago, growth of 13% Year-on-year. However, domestic advances have gone up by 16% YoY. Saving Account Deposit for Q3 FY 2015 increased by Rs 4927 crore.

Net NPA (non-performing assets) at December 31, 2014 were Rs 4,831 crore as against Rs 3997 crore at September 30, 2014 and Rs 3,121 crore at December 31, 2013.

During October-December quarter of FY 2015, ICICI bank has added 35 branches and 352 ATMs to its network. As on 31st December, 2014, ICICI Bank had 3,850 branches, of which 861 branches in rural, 1138 branches in Semi Urban, 892 branches in Urban and 959 branches in Metro areas. The Bank had a presence in over 2,300 centres at December 31, 2014.

The Bank’s ATM network increased to 12,091 ATMs at December 31, 2014 compared to 11,215 at December 31, 2013.

ICICI Bank has already launched country’s first contactless debit and credit cards that use near-field communication, or NFC, technology to transfer funds. Recently, the bank has also launched banking services on Twitter through which customer can transfer funds through twitter account.

Financial Results of ICICI Bank – Rs in Crore

Particulars Q3 FY2015 Q3 FY2014 Q2 FY2015
Net interest income 4812 4255 4657
Non-interest income 3091 2801 2738
Operating profit 5037 4439 4698
Profit after tax 2889 2532 2709
Deposits 355340 316970 352055
Advances 375345 332632 361757
Cash and balances with RBI 19080 19157 19211

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