ICICI Bank Q2 net profit rises 22%

The country's largest private sector lender ICICI Bank on Monday reported a 22 per cent jump in net profit to Rs 1,503 crore for the second quarter ended September 30, 2011.

The bank had posted a standalone net profit of Rs 1,236 crore for the July-September quarter last fiscal.

Total income of the bank on a standalone basis increased to Rs 9,897.17 crore during the quarter from Rs 7,887.03 crore in the same quarter last fiscal, ICICI said in a statement.

On a consolidated basis, ICICI Group's net profit increased by 43 per cent to Rs 1,991.68 crore during the second quarter from Rs 1,394.94 crore in the same period a year ago.

At the same time, total income of the bank on a group-wide basis increased to Rs 16,110.61 crore during the quarter from Rs 14,464.55 crore in the same quarter last fiscal, it said.