{"id":135072,"date":"2022-10-24T05:47:20","date_gmt":"2022-10-24T09:47:20","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135072"},"modified":"2022-10-24T06:42:24","modified_gmt":"2022-10-24T10:42:24","slug":"icici-bank-ltd-q2fy23-37-growth-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/icici-bank-ltd-q2fy23-37-growth-in-profits\/","title":{"rendered":"ICICI Bank Ltd. Q2FY23; 37% Growth in Profits"},"content":{"rendered":"\n

ICICI Bank Ltd<\/a>.\u2018s Net Interest Income for Q2 FY23 has increased by 26% YoY to \u20b9 14,787 crores. Profit After Tax rose by 37% YoY to \u20b9 7,558 crores. Operating Profit grew by 24% YoY for Q2 FY 2023.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

Net Interest Margin grew to 4.31%. In this quarter\u2019s results<\/a>, 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.<\/p>\n\n\n\n

To further read about this company, check out this\u00a0link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ICICI Bank Ltd.\u2018s Net Interest Income for Q2 FY23 has increased by 26% YoY to \u20b9 14,787 crores. Profit After Tax rose by 37% YoY to \u20b9 7,558 crores. Operating Profit grew by 24% YoY for Q2 FY 2023. Net Interest Margin grew to 4.31%. In this quarter\u2019s results, it is evident that the reason for […]<\/p>\n","protected":false},"author":1885,"featured_media":135074,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1,6350],"tags":[151],"class_list":["post-135072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","category-trending-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-ICICIBANK.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135003,"url":"https:\/\/alphastreet.com\/india\/axis-bank-ltd-q2fy23-remarkable-70-growth-in-profits\/","url_meta":{"origin":135072,"position":0},"title":"Axis Bank Ltd. Q2FY23; Remarkable 70% Growth in Profits","author":"Karan_Singh","date":"October 20, 2022","format":false,"excerpt":"Axis Bank Ltd\u2018s Net Interest Income for Q2 FY23 has increased by 31% YoY to \u20b9 10,360 crores. Net Profit rose by 70% YoY to \u20b9 5,330 crores. Operating Profit grew by 30% YoY for Q2 FY 2023. Return on Assets grew to 1.9%. In this quarter\u2019s\u00a0results, it is evident\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-AXISBANK.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":135076,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2fy23-27-growth-in-profits\/","url_meta":{"origin":135072,"position":1},"title":"Kotak Mahindra Bank Ltd. 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In this\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Q2FY23-KOTAKBANK-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":135083,"url":"https:\/\/alphastreet.com\/india\/the-story-behind-icici-bank-ltd-s-q2fy23-quarterly-results\/","url_meta":{"origin":135072,"position":2},"title":"The Story Behind ICICI Bank Ltd.’s Q2FY23 Quarterly Results","author":"Karan_Singh","date":"October 24, 2022","format":false,"excerpt":"Financial Results: ICICI Bank Ltd. has expanded its loan portfolio by 22.7% YoY. 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