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ICICI Bank Q2 net up 41% to Rs 401 crore

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Our Banking Bureau Mumbai
 And for the first hafl, net profit has risen 37.79 per cent to Rs 741.60 crore against Rs 538.20 crore in the previous fiscal.

 The total income of the bank dropped by 23.77 per cent in the second quarter to Rs 3,050.71 crore (Rs 4,002.29 crore).

 Interest income of the bank dropped marginally to Rs 2,188.50 crore (Rs 2,279.78 crore), while other income showed a drop of around 50 per cent to Rs 862.21 crore (Rs 1,722.51 crore).

 The other income of the bank in the last fiscal includes a gain of Rs 1,191 crore on sale of equity shares of the Bank held by a trust. The interest expended of the bank fell by 11.88 per cent to Rs 1,738.32 crore (Rs 1,972.73 crore).

 The net interest income of the bank rose by 47 per cent to Rs 450 crore (Rs 307 crore).

 The fee income of the bank for the second quarter increased by 30 per cent to Rs 260 crore (Rs 200 crore) while treasury income of the bank showed a threefold increase to Rs 460 crore (Rs 153 crore).

 

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First Published: Nov 01 2003 | 12:00 AM IST

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