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ICICI bank, which is India’s largest private lending firm, has registered a net profit of Rs.1,040 crore for the second quarter of the 2009-10 fiscal which ended on Sep 30, which is just 2.6% up from the net profit posted during the corresponding period last fiscal.
The total income of the firm stood at Rs.8,481 crore for the Q2 of 2009-10as against the Rs.9,712 crore registered during the Q2 of 2008-09 fiscal year.
The consolidated net profit of the firm witnessed a surge by 76% to be reported at Rs.1,145 crore as against the Rs.651 crore logged during the corresponding period last fiscal year.
The bank said its net interest income had fallen owing to a decline in advances of overseas branches and moderation in credit growth.
