ICICI Bank‘s net profit went up 14.5% in the second quarter of the financial year on the back of strong loan and deposit growth.

What Happened: The bank’s net profit climbed to ₹11,745.88 crore in the quarter ended September, compared with the ₹10,261 crore it earned a year ago. The number was ahead of analyst estimates of ₹11,074.33 crore, based on an average of six brokerages.

Meanwhile, net interest income, which is the difference between interest earned on loans and interest paid on deposits, came in at ₹20,047.98 crore, higher than the ₹18,307.91 crore it posted in the same period last year. The figure missed analyst expectations of ₹21,165.83 crore.

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Key Numbers: The bank’s net interest margin, a key profitability metric, at the end of the second quarter stood at 4.27%, moderating from the 4.53% it posted a year ago. Analysts had pegged the number at 4.4%.

ICICI Bank’s net non-performing assets improved slightly to 0.42% from 0.43% a year ago. Meanwhile, gross NPAs dipped to 1.97% from 2.48%.

Price Action: Ahead of earnings, ICICI Bank’s share price ended 0.55% higher at ₹1,259.60 on Friday. The stock has around 26% so far this year.

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