ICICI Bank has reported a standalone net income of INR61.9bn ($830m) or INR9.21 ($0.12) per diluted share, for the quarter ended 31 December 2021, a 25% rise compared to INR49.4bn ($662m) or INR7.84 ($0.11) per diluted share, in the same quarter prior year.
The Indian bank has reported an operating profit of INR101.5bn for the third quarter (Q3) 2022, a 15% increase compared to INR88.2bn for the corresponding quarter in 2022.
It has reported total revenues of INR270.6bn for Q3 2022, a 10% rise compared to INR244.1bn for the same period last year.
The company’s total expenditure for the reported period was INR169.2bn, which increased by 8% from INR155.9bn for the same period in 2021.
ICICI Bank executive director Sandeep Batra said: “While India has witnessed a sharp rise in Covid-19 cases in recent weeks, the impact of the third wave has been mild so far. We would like to thank the medical and health workers’ fraternity for their tireless effort in this fight against Covid-19.
“At ICICI Bank we aim to create holistic value propositions for our customers through our 360-degree customer-centric approach and focus on opportunities across client and segment ecosystems.
“We aim to steadily grow our business within our strategic framework and strengthen our franchise, delivery, and servicing capabilities, backed by a range of digital initiatives.”
ICICI Bank’s retail banking segment reported revenue of INR216.6bn for Q3 2022, compared to INR190.5bn for the respective quarter previous year.
The company’s wholesale banking unit reported revenue of INR103.2bn for Q3 2022, compared to INR92.7bn for the same quarter in 2021.
Its treasury segment reported revenue of INR170.9bn for Q3 2022, compared to INR159.5bn for the same period last year.
The company reported net revenues of INR7.6bn from its other banking operations for Q3 2022, compared to INR8.4bn for the corresponding quarter in 2021.
