ICICI Lombard – The News Desk

Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter | Photo: Bloomberg Private sector lender ICICI Bank on Saturday reported a 36 per cent rise in standalone net profit to Rs 10,261 crore for the September 2023 quarter, aided by an improvement in interest income. The Mumbai-based lender had posted a net profit of Rs 7,558 crore in the year-ago period. The total income in the second quarter of the current fiscal rose to Rs 40,697 crore from Rs 31,088 crore in the same period a year ago, ICICI Bank said in a regulatory filing. Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter. Its net interest income (NII) increased by 24 per cent year-on-year to...

Net premium income from the motor business, which accounted for more than half of the total premium collected, climbed 3.3% to 21.03 billion rupees after sales of vehicles picked up. BENGALURU (Reuters) - India's ICICI Lombard General Insurance Ltd reported a nearly 12% rise in first-quarter profit on Tuesday, led by growth in investment income and premium earned. The ICICI Bank-backed insurer said its profit after tax stood at 3.90 billion rupees ($47.5 million) for the quarter ended June 30, compared with 3.49 billion rupees a year earlier. Income from investments jumped nearly 27% to 6.22 billion rupees, helped by an increase in the market value of securities and higher profits on the sale of investments. Net premium earned rose 12% to 38.87 billion rupees. &...

Tag: ICICI Lombard

Net profit jumps 36% to Rs 10,261 cr, NII up 24%

ICICI Lombard posts 12% rise in Q1 profit on higher investment income