At Rs 10,261 crore ICICI bank quarter 2 net profit up 35%

MUMBAI: ICICI Bank has reported a net profit of Rs 10,261 crore for the quarter ended September 2023, an increase of 35.8% over the corresponding quarter last year. The profit increase followed business growth, improved margins and a reduction in bad loans. The bank’s quarter-end deposits expanded by 18.8% year-on-year to Rs 12.9 lakh crore, while the domestic loan book grew by 19.3% year-on-year, reaching Rs 10.7 lakh crore.