ICICI Bank Q2 Results: Net Profit Gains 14.5%; NII Up 9.5% YoY, Strong Earnings Report | ET Now

ICICI Bank, on Saturday, October 26, reported its earnings for the quarter ended September 30, 2024. The country's top private sector lender’s profit after tax (PAT) in the reporting quarter grew by 14.5 per cent year-on-year to Rs 11,746 crore as compared to Rs 10,261 crore in the same quarter quarter a year ago.
The Net interest income (NII) increased by 9.5 per cent year-on-year to Rs 20,048 crore in Q2FY25 from Rs 18,308 crore in Q2FY24.
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[msjmanishjoshi]

As a former Senior Branch Manager and shareholder at ICICI Bank, I am compelled to bring this to the public eye. After years of dedication, I faced unwarranted downgrades, a hostile work environment, and ultimately, financial hardship due to decisions forced upon me by ICICI Bank. Multiple internal escalations have gone unanswered, leaving me with no recourse but to seek external intervention.

This situation impacts not only my family but also reflects broader governance issues within ICICI Bank that affect all stakeholders. I urge ICICI Bank’s management, RBI, and the Ministry of Finance to take notice and address the systemic issues that have led to this point.

[AshishHekre]

Good results bad commentary which mean short 🐻