ICICI Bank Ltd.‘s Net Interest Income for Q2 FY23 has increased by 26% YoY to ₹ 14,787 crores. Profit After Tax rose by 37% YoY to ₹ 7,558 crores. Operating Profit grew by 24% YoY for Q2 FY 2023.
Net Interest Margin grew to 4.31%. In this quarter’s results, it is evident that the reason for the Core Operating Profit YoY growth to be 24% while Net Profts YoY growth to 37% is the significant reduction in Provisions and Contingencies by about 39% YoY.
To further read about this company, check out this link.