Private sector lender ICICI Bank on Saturday said it has clocked a profit after tax (PAT) of Rs 775 crore (Rs 7.75 billion) in the first quarter ended June 30, posting an increase of 25 per cent over Rs 620 crore (Rs 6.20 billion) in the year-ago period.
Total income in the first quarter of the current fiscal stood at Rs 9,281.42 crore (Rs 82.814 billion), substantially up from Rs 6,049.66 crore (Rs 60.496 billion) in the corresponding period of the last fiscal.
Fee income shot up 35 per cent to Rs 1,428 crore (Rs 14.28 billion) as against Rs 1,055 crore (Rs 10.55 billion) in Q1 FY 2007, while net interest income rose 16 per ent to Rs 1,714 crore (Rs 17.14 billion) from Rs 1,475 crore (Rs 14.75 billion) in the year-ago period.
Total advances of India's second largest commercial bank went up 35 per cent to Rs 198,277 crore (Rs 1,982.77 billion) as against Rs 147,184 crore (Rs 1,471.84 billion) in the corresponding quarter of the last fiscal.
Deposits were up 26 per cent at Rs 230,788 crore (Rs 2,307.88 billion) in the quarter under review as against Rs 183,006 crore (Rs 1,830.06 billion) in the same period a year ago.
The Mumbai-based lender's international operations fared well in the April-June quarter, contributing around 20 per cent of its consolidated banking assets.
ICICI Bank's capital adequacy ratio (CAR) stood at 11 per cent, including tier-1 capital adequacy of 7.1 per cent.
Its net non-performing asset (NPA) constituted 1.3 per cent of net customer assets.


