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ICICI Bank reports Q1, net rises 12% to Rs 2,976 crore

On Friday, the private sector lender ICICI Bank has reported a 12.8 percent rise in the net profit at Rs 2,976.16 crore for the quarter ended June.

During the last fiscal, during corresponding quarter, the bank had a standalone net profit of Rs 2,655.30 crore.

ICICI Bank said in a BSE filing that the gross non-performing assets (NPAs) as a percentage of total advances of the bank rose to 3.68 per cent during the quarter under review from 3.05 per cent in the same quarter last fiscal.

Bank’s net NPA also increased to 1.58 percent as compared to 0.99 percent of the same period year ago.

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