Q3FY17 results: ICICI bank ltd.
Bhagyashree Vivarekar / 31 Jan 2017
ICICI Bank reported its Q3FY17 results on Tuesday.ICICI Bank's Q3FY17 standalone NII for the period came in at Rs.5363 crore declining by 1.7 per cent yoy.
ICICI Bank's Q3FY17 standalone NII for the period came in at Rs.5363 crore declining by 1.7 per cent yoy. Contraction in NIM was aided by higher growth interest expenditure than growth in interest income for the quarter. under consideration. Advances for the quarter grew by 5 per cent yoy to Rs. 457,469 crore.
Gross NPAs for the period recorded a 7.9 per cent jump on yoy basis to Rs.37716.13 crore. However, NPAs for the quarter doubled as compared to the last year at Rs.19887.2 crore and sequentially increased by 22%.
Provisions for bad loans made during the quarter decreased 4.6 per cent on a yoy basis to Rs.2712 crore.
Fall in provisions and advances growth resulted contraction in its net profit by 19 per cent to Rs. 2442 crore.
The bank's total deposits grew by 10.4 per cent on a yoy basis to Rs 465284.29 crore. CASA ratio improved to 49.9 per cent in Q3FY17 and its capital adequacy ratio (CAR) according to Basel-III norms stood at 15.98 per cent in Q3FY17 versus 15.77 per cent in Q3FY16.
ICICI Bank is an India-based Bank offering a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels.
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