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ICICI Bank Q2 net spurs 30 pc to Rs 755 cr

Written by: Staff
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Mumbai, Oct 24 (UNI) ICICI Bank has posted a 30 per cent rise in the net profit for the quarter ended September 30, 2006, at Rs 755 crore as compared to Rs 580 crore in the similar quarter of the previous fiscal.

Announcing the results, the bank's release issued here today said its net interest income rose 47.38 percent to Rs 1,577 crore from Rs 1,070 crore in the comparable quarter of the last year. ''In some ways, we have never had it this good,'' Kalpana Morparia, deputy managing director at ICICI Bank said.

Ms Morparia ascribed the increase in the bank earnings to India's economic growth, large-scale mergers and acquisition activity, besides corporate capital expenditure programmes.

Giving a outlook for the current fiscal she added, ''We see a robust credit growth continuing.'' UNI SN MJ SKB1827

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