Research Icon:- ICICI Bank posts Q1 profit at Rs 1,908 crore, NII grows 27% over

improved asset quality

Net interest income grew by 26.8 percent year-on-year to Rs 7,737.43 crore for quarter ended June 2019, beating analyst expectations.

Country's largest private sector lender ICICI Bank posted a profit of Rs 1,908 crore for the June quarter (Q1) over lower provisioning and healthy NII growth.

The bank had reported a loss of Rs 119.55 crore for the year-ago period, and a profit of Rs 969.06 crore for the previous quarter.

Net interest income (NII) grew by 26.8 percent year-on-year to Rs 7,737.43 crore for the quarter that ended on June 2019, beating analyst expectations.

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