Mumbai, July 27: India's leading private sector lender ICICI Bank reported 36.3% jump in its net profit for April-June quarter of FY13 at Rs 18.15 billion against Rs 13.32 billion in the corresponding quarter a year ago. The bank's profit surged mainly driven by robust loan growth, high fee income and better asset quality.
The bank's net interest income, the difference between interest earned and interest expended, for Q1 rose 32.43% to Rs 31.92 billion from Rs 24.10 billion in the same period last fiscal year.
ICICI's outstanding advances at June-end were at Rs 2.68 trillion, up 21.63% from Rs 2.20 trillion a year ago, while its total deposits rose 16% on-year to Rs 2.67 trillion in the reporting period.
The bank's gross non-performing assets (NPAs), however, declined to 3.54% as June 30 from 4.36% in the same period previous fiscal year.
Capital adequacy ratio of the bank was at 18.54% at the end of Q1, dropping from 19.57% recorded corresponding quarter last fiscal year.
ICICI's net interest margin (NIM) stood at 3.01% in the reporting quarter.
Shares of ICICI Bank Friday closed at Rs 928.20, up 2.35% on the Bombay Stock Exchange (BSE).