Mumbai, July 20: ICICI Bank has reported a 98 percent jump in its net profit at Rs 40.14 crore in the first quarter ended June 30, 2000, against Rs 20.25 crore in the same quarter last year.Interest income in the first quarter rose by 43 per cent to Rs 283.56crore (Rs 198.92 crore last year) while other income was up by 34 per cent to Rs 31.23 crore (Rs 23.28 crore), as per the audited financial results released here on Thursday.
Profit under US GAAP was at Rs 44.60 crore (Rs 26.44crore).
Interest expenditure increased by 23 per cent to Rs 198.19 crore (Rs 160.83 crore) and total expenditure was Rs 252.92 crore (Rs 185.99 crore).
Total deposits as on June 30, 2000 stood at Rs 8,740 crore (Rs 5,954 crore as on June 30, 1999). The ratio of net non-performing assets to total consumer assets was 1.16 per cent as on June 30, 2000, against 1.14 per cent in June 30, 1999.
The capital adequacy ratio stood at 19.24 per cent of the risk weighted assets on June 30, 2000.
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