India' s ICICI Bank net profit jumps 37% as bad loan provisions drop Bact - Bısv HEAD TOPICS

India' s ICICI Bank net profit jumps 37% as bad loan provisions drop

10/22/2022 6:25:00 PM

India' s ICICI Bank net profit jumps 37% as bad loan provisions drop

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Reuters

India's ICICI Bank net profit jumps 37% as bad loan provisions drop ICICI Bank (ICBK.NS), India's second-largest private-sector lender, reported a 37% rise in quarterly net profit on Saturday as loan growth inched up and provisions for bad loans fell. Net interest income, which is the difference between interest earned and paid out, was 147.9 billion rupees, a rise of 26% on the year-earlier period, the bank said in a statement.Register now for FREE unlimited access to Reuters.comRegisterAdvances grew 23% with the bank seeing robust demand across all segments including retail and commercial loans. Loans increased across segments, including large corporate, although the bank was focusing on higher rated corporate borrowers, it said.Credit growth at Indian banks continues to rise at its fastest pace in several quarters, up 16.4% year-on-year by Sept. 23, according to central bank data, even as the Reserve Bank of India hiked the repo rate by 190 bps this financial year. Read more:
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Net profit for the three-months ending Sept.More than 120 Palestinians have been killed by Israeli soldiers in occupied territories of West Bank and East Jerusalem this year.Parenting Is a Joke .Updated: Oct. 30 rose to 75.58 billion rupees ($916 million), broadly in line with analysts' estimate of 73. The ministry said the 19-year-old suffered a mortal wound in the neck, while three others were wounded by live gunshots to their limbs.51 billion rupees, according to Refinitiv IBES data. The problem? They live in a small house—too small to host a party—and don’t want to spend a fortune to rent a space. Net interest income, which is the difference between interest earned and paid out, was 147. There was no immediate comment from the Israeli military.9 billion rupees, a rise of 26% on the year-earlier period, the bank said in a statement.m. Register now for FREE unlimited access to Reuters.  Mohammed Fadi Nuri was shot in the stomach last month by Israeli troops near the city of Ramallah and died on Thursday. Slate Plus members get an ad-free experience across the network and exclusive content on many shows—you’ll also be supporting the work we do here on Mom and Dad are Fighting.com Register Advances grew 23% with the bank seeing robust demand across all segments including retail and commercial loans. Loans increased across segments, including large corporate, although the bank was focusing on higher rated corporate borrowers, it said. The rampage took place near Huwara, a Palestinian town in the northern West Bank near the city of Nablus, where a group of disaffected youth has taken up arms against Israel and in frustration with the Palestinian leadership's close security ties to it. Credit growth at Indian banks continues to rise at its fastest pace in several quarters, up 16.com to ask us new questions, tell us what you thought of today’s show, and give us ideas about what we should talk about in future episodes.4% year-on-year by Sept. The settlers used pepper spray on the battalion commander as well as another soldier.m. 23, according to central bank data, even as the Reserve Bank of India hiked the repo rate by 190 bps this financial year. ICICI Bank deposits grew at a slower pace of 12%. Police said the settlers fled the scene by car. The lender is holding adequate liquidity and does not see deposit growth as constraint on the bank's overall growth, said executive director Sandeep Batra. Net interest margin, a key indicator of a bank's profitability, was at 4. In a statement, the military's chief of staff, Lieutenant General Aviv Kohavi, condemned the violence.31%. Disclaimer. Gross non-performing assets dropped to 3. In a tweet, Israeli Prime Minister Yair Lapid called the settlers, "dangerous criminals.19% compared with 3.41% in the June quarter.  Settler violence has in the past also led to confrontations with soldiers which often sparks condemnations from politicians but rarely leads to a solution to the problem. Net non-performing assets fell to 0.61% from 0. The strike targeted all sectors except for vital services like hospitals or bakeries. 70%. The bank's board has approved the reappointment of chief executive officer Sandeep Bakhshi for a further three years effective October 2023, it said in a statement. It was called to mourn the shooting death of Uday Tamimi, the alleged Palestinian gunman who killed an Israeli soldier earlier this month. The reappointment is subject to approval from the Reserve Bank of India. ($1=82. READ MORE:  General strike in occupied West Bank after Palestinian killed by Israel Deadliest year for Palestinians since 2015 More than 120 Palestinians have been killed by Israeli soldiers during unrest in the occupied territories of West Bank and East Jerusalem this year, making 2022 the deadliest year since 2015.5290 Indian rupees) Register now for FREE unlimited access to Reuters. com Register Reporting by Nupur Anand, Rajendra Jadhav and Ira Dugal; Editing by Kirsten Donovan and Mike Harrison Our Standards: . Some 500,000 illegal Jewish settlers now live in the West Bank in some 130 settlements.