The bank had a standalone net profit of Rs 2,655.30 crore in the corresponding quarter of the last fiscal. Stock markets gave a thumps up to the result as it was better-than-expected. Shares of the bank surged over 6 per cent following the announcement of quarterly numbers.

Shares of ICICI Bank were trading at Rs 305.90, up 5.14 percent on BSE during the afternoon trade. The gross non-performing assets (NPAs) as a percentage of total advances of the bank rose to 3.68 percent during the quarter under review from 3.05 percent in the same quarter last fiscal, ICICI Bank said in a filing to BSE.

Net NPA of the bank also rose to 1.58 percent against 0.99 percent in the same period a year ago. In absolute terms, the GNPA rose to Rs 15,137.61 crore as against Rs 10,843.30 crore in the first quarter of the previous fiscal.

Total provisions rose to Rs 956 crore in the first quarter compared with Rs 726 crore in the same period a year ago. However, the asset quality improved compared with March quarter when the gross NPA was 3.78 percent. Total income of the bank rose to Rs 15,802.45 crore in the first quarter of 2015-16, from Rs 14,616.71 crore in the three month period of last fiscal.

During the quarter net interest income increased by 14 percent to Rs 5,115 crore as against Rs 4,492 crore in the same period a year ago. Non-interest income or fee income rose by 5 percent to Rs 2,990 crore from Rs 2,850 crore.

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