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Business News/ Companies / Company Results/  ICICI Bank Q2 Results Live Updates: Leading private lender beats Street estimates; Net profit up 35% YoY, NII rise 23%
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ICICI Bank Q2 Results Live Updates: Leading private lender beats Street estimates; Net profit up 35% YoY, NII rise 23%

ICICI Bank Q2 Results Live Updates: The leading private-sector lender beat Street estimates and reported a rise of 35 per cent in standalone net profit at 10,261 crore.

Yes Bank (File Image) (MINT)Premium
Yes Bank (File Image) (MINT)

ICICI Bank Q2 Results Live Updates: The leading private-sector lender beat Street estimates and reported a rise of 35 per cent in standalone net profit at 10,261 crore, compared to 7,557.8 crore in the corresponding period last year.

Stay tuned to our ICICI Bank Q2 results live blog for the latest updates on Q2FY24 earnings from the leading private-sector lender in the country.

21 Oct 2023, 05:00:44 PM IST

ICICI Bank Q2 Results: This live blog session has ended.

Stay tuned to LiveMint for all business and market updates.

21 Oct 2023, 04:59:42 PM IST

ICICI Bank Q2 Results Live: ICICI Bank shares in focus on Monday

On Friday, shares of ICICI Bank settled 0.28 per cent lower at 932.45 apiece on the BSE. Shares will be in focus during Monday's session after reporting Q2FY24 results over the weekend.

21 Oct 2023, 04:53:46 PM IST

ICICI Bank Q2 Results Live: Core operating profit

The core operating profit grew by 21.7 per cent year-on-year to 14,314 crore in Q2-2024 from 11,765 crore in Q2-2023; excluding dividend income from subsidiaries/associates, core operating profit grew by 22.9 per cent year-on-year in Q2-2024

21 Oct 2023, 04:45:09 PM IST

ICICI Bank Q2 Results Live: Asset Quality

The gross NPA ratio declined to 2.48 per cent at September 30, 2023 from 2.76 per cent at June 30, 2023. The net NPA ratio declined to 0.43 per cent at September 30, 2023 from 0.48 per cent at June 30, 2023 and 0.61 per cent at September 30, 2022. The net addition to gross NPAs, excluding write-offs and sale, were 116 crore in Q2-2024 compared to 1,807 crore in Q1-2024. The gross NPA additions were 4,687 crore in Q2-2024 compared to 5,318 crore in Q1-2024.

21 Oct 2023, 04:38:10 PM IST

ICICI Bank Q2 Results Live: NIM print, provisions

The net interest margin was 4.53 per cent in Q2-2024 compared to 4.31 per cent in Q2-2023 and 4.78 per cent in Q1-2024. The net interest margin was 4.65 per cent in H1-2024. Provisions (excluding provision for tax) were 583 crore in Q2- 2024 compared to 1,644 crore in Q2-2023

21 Oct 2023, 04:31:45 PM IST

ICICI Bank Q2 Results Live:  CASA Ratio

-Total period-end deposits grew by 18.8 per cent year-on-year to 12,94,742 crore at September 30, 2023

-Average current account and savings account (CASA) ratio was 40.8 per cent in Q2-2024

21 Oct 2023, 04:19:50 PM IST

ICICI Bank Q2 Results Live: CAR Print

Including profits for the six months ended September 30, 2023 (H1-2024), total capital adequacy ratio was 17.59 per cent and Tier-1 capital adequacy ratio was 16.86 per cent on a standalone basis at September 30, 2023

21 Oct 2023, 04:15:30 PM IST

ICICI Bank Q2 Results Live: Profit excluding treasury

Profit before tax excluding treasury grew by 35.7 per cent year-on-year to 13,731 crore in the quarter ended September 30, 2023 (Q2-2024)

21 Oct 2023, 04:14:02 PM IST

ICICI Bank Q2 Results Live: NIIs rise 23.6% to ₹18,307 crore

The bank's net-interest income (NII) --- the difference between interest earned and interest expended - rose 23.6 per cent to 18,307 crore, compared to 14,786.8 crore in the year-ago period.

21 Oct 2023, 03:51:51 PM IST

ICICI Bank Q2 Results Live: Net profit comes in at ₹10, 261 crore

Net profit comes in at 10, 261 crore in September quarter

21 Oct 2023, 03:46:25 PM IST

ICICI Bank Q2 Results Live: Private sector lender to declare results shortly

ICICI Bank will declare its July-September quarter results for fiscal 2023-24 (Q2FY24) shortly.

21 Oct 2023, 03:19:37 PM IST

Yes Bank Q2 results 2023: Net income dips after rise in cost of funding

Yes Bank's total net income stood at 3,135 crore in Q2FY24, which is 0.2 per cent lower from its total net income of 3,141 crore in previous quarter. However, Yes Bank reported 9.4 per cent YoY rise in total nt income YoY as it stood at 2,866 crore in Q2FY23. However, banks cost to income in Q2FY24 stood at 74.4 per cent against its cost to income of 73.9 per cent in the previous quarter.

21 Oct 2023, 02:33:38 PM IST

Yes Bank Q2 results 2023: NII dips

As expected, due to rise in cost of funding, Yes Bank has reported net interest income (NII) at 1,925 crore, which is 3.3 per cent lower from its NII in Q2FY23. NIM for Q2FY24 at 2.3 per cent is down by nearly 30 bps YoY and 20 bps QoQ.

21 Oct 2023, 02:02:50 PM IST

Yes Bank beats market estimates.  NII, net profit rise YoY

Yes Bank Q2 results 2023: Yes Bank Limited has declared its second quarter results for the current financial year 2023-24. The private lender has managed to beat the market estimates on lower provisioning and all round improvement in the asset quality parameters. The private lender has manged to report rise in net profit in YoY terms. However, ban ks cost to income in Q2Fy24 stood at 74.4 per cent against its cost to income of 73.9 per cent in the previous quarter.

21 Oct 2023, 01:35:01 PM IST

Yes Bank Q2 results today: Market expects flat NII growth

“Yes Bank may report flattish growth or may be decline in net interest income as cost of funding has gone up in the recent quarter. However, he maintained that due to low base of the last year, Yes Bank would be able to report strong growth in net profit in its Q2 earnings for the current financial year," said Avinash Gorakshkar, Head of Research at Profitmart Securities.

21 Oct 2023, 12:35:05 PM IST

Yes Bank shares jump ahead of Q2 results 2023

According to stock market experts, Yes Bank shares surged on Friday as market is expecting better Q2 earnings from the private lender. They said that Yes Bank is expected to report improved margins if the privatge lender decide to curtail provisionings. However, they said that majority of the Indian banks are facing challenges in interest income as high interest regime has peaked out in India and Yes Bank won't be an exception to it.

21 Oct 2023, 11:35:40 AM IST

Yes Bank Q2 results: Decline in provisioning may fuel profit growth

Market believes that any decision by the private lender to curtail provisioning may lead to sharp rise in profit growth. The profit growth can be on both sequential and year-on-year basis, market experts say.

21 Oct 2023, 10:25:15 AM IST

Yes Bank Q2 results: NIMs may decline due to rise in cost of funding

"Interest margins of Yes Bank may see decline on sequential basis as cost of funding has gone up in recent quarters. However, YoY net income may go up if the private lender decides to curtail provisioning," says Avinash Gorakshkar of Profitmart Securities.

21 Oct 2023, 10:05:53 AM IST

RBI slaps penalty against Yes Bank branch

"This is to inform you that the Bank has received a communication on October 19, 2023, from Reserve Bank of India (RBI) stating that the RBI has conducted incognito visits to certain branches of the Bank and had imposed a monetary penalty of Rs. 10,000/- on the Bank for non-compliance with RBI requirement of exchange of soiled/mutilated notes/coins at one of the branches of the Bank," Yes Bank said in an exchange communication.

21 Oct 2023, 09:21:53 AM IST

Yes Bank Q2 results: Market expects turnaround in fundamentals

"In Q2 results today, market is expecting turnaround in fundamentals of the private lender. Market expects lowering of provisioning after improvement in corporate governance of the private lender, which may led to better margins and net income of the bank." says Arun Kejriwal, Founder at Kejriwal Research and Investment Services.

21 Oct 2023, 08:34:43 AM IST

Yes Bank may report rise in YoY net profit

Due to lower base in corresponding period in the previous financial year 2022-23, Yes Bank is expected to report rise in YoY net income. So, market would be keen to know net profit of Yes Bank on sequential basis.

21 Oct 2023, 08:29:21 AM IST

Market expects better margins, rise in net income

Yes Bannk is expected to report improved margins if the private lender decides to lower provisionings. The private lender is also expected to report rise in net income on YoY basis due to lower base in corresponding period in the previous financial. However, Yes Bank may report flattish net interest income as high interest regime has peaked out in Indian banking system.

21 Oct 2023, 08:29:21 AM IST

Market expects better margins, rise in net income

Yes Bannk is expected to report improved margins due to lowering of provisionings. Net income of the bank is also expected to improve in July to September quarter if the private lender decides to lower its provisionings. However, Yes Bank is expected to report flattish growth in net interest income as high interest regime has peaked out in Indian banking system.

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