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ICICI Bank reports 8% decline for Q1 profit

ICICI Bank has reported 8.2 percent decline in profit for Q1 to Rs 2,049 crore from Rs 2,232.35 crore on year-on-year basis.

The net interest income of the bank has been increased 8.4 percent to Rs 5,589.84 crore from Rs 5,158.52 crore YoY.

During the quarter, the Gross non-performing assets increased 1.40 percent sequentially to Rs 43,147.64 crore as compared to Rs 42,551.54 crore of the previous quarter ended March 31, 2017.

Net NPA improved to 4.86 percent from 4.89percent.

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