Private sector lender ICICI Bank reported a notable surge in net profit for the January-March quarter of the financial year 2023-24, reaching Rs 10,707 crore, marking a 17% increase from the previous year's Rs 9,122 crore.
This figure aligns closely with market expectations of Rs 10,331 crore, reflecting stability and meeting investor predictions. The bank's gross non-performing asset (NPA) ratio improved to 2.16% from 2.81% year-on-year, indicating healthy asset quality management.