Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
– ICICI Bank reported an increase of 35.8% YoY in its net profit stood at ₹10,261 Cr – It also reported a Total Income of ₹40,697.07 Cr – The Bank reported an Operating Profit of ₹14,229.27 Cr
– Total deposits reached ₹12.94 trillion, marking an impressive 18.8% YoY growth – Domestic loans stood at ₹10,74,206 Cr, growth of 19.3% – Retail loan portfolio which is 54.3% of the total loan portfolio, grew by 21.4% in Q2.
Concomitantly, the expenses also shot up during the quarter. For the quarter under review, the company reported a total expense of ₹9,855Cr.
– Core Operating Income: ₹ 24,169 Cr (Q2 FY24) vs. ₹ 19,926 Cr (Q2 FY23) – Core Operating Income: ₹ 24,169 Cr (Q2 FY24) vs. ₹ 19,926 Cr (Q2 FY23) – Profit After Tax: ₹ 10,261 Cr (Q2 FY24) vs. ₹ 7,558 Cr (Q2 FY23)
Source: ICICI Bank Report – Q2 Report, BSE