ICICI Bank net up at Rs 640 cr

Buoyed by a surge in retail loans and non-operating income, country's largest private sector bank "" ICICI Bank "" today reported 24 per cent rise in its net profit at Rs 640 crore from Rs 518 crore for the quarter ended December 31, 2004.

Its operating profit for the reporting quarter increased by 55 per cent to Rs 1,194 crore from Rs 771 crore in the comparable period of 2004.

Its retail assets have grown 70 per cent to Rs 78,495 crore for the period ended December 31, 2005 from Rs 46,194 crore a year ago.

Retail assets constitute 64 per cent of ICICI Bank's advances and 62 per cent of customer assets.