ICICI Bank consolidated net grows 68% in first quarter of 2009-10

ICICI Bank has announced its audited results for the quarter ended June 30, 2009.

The bank has posted a net profit of Rs 878.22 crore for the quarter ended June 30, 2009 against Rs 728.01 crore for the quarter ended June 30, 2008, up 20.63%. Total income has decreased from Rs 9,429.98 crore to Rs 9,223.32 crore, registering a modest fall of 2.19% on Year-on-Year (YoY) basis. On consolidated basis the group has posted a net profit of Rs 1,035.26 crore for the quarter under consideration against Rs 617.27 crore for the corresponding quarter of the last fiscal, up 67.72%. Total income has decreased from Rs 14,644.30 crore to Rs 14,615.06 crore, registering a minor dip on YoY basis.