ICICI Bank Q1 net up 25 percent

Mumbai, July 31 (IANS) ICICI Bank's net profit increased 25 percent for the first quarter (April to June) of fiscal 2013-14, the country's second largest lender informed the Bombay Stock Exchange (BSE) Wednesday.

The standalone profit after tax of the bank increased to Rs.2,274 crore in the first quarter of 2013-14 from Rs.1,815 crore during the corresponding quarter of 2012-13.

It clocked net interest margin of 3.27 percent during the first quarter of the current fiscal compared to 3.01 percent during the corresponding quarter last fiscal.