The net interest income increased by 17% to ₹8,927 crore ICICI Bank, country's largest private company, reported 26% rise in its standalone net profit at ₹1,221 crore for the quarter ending March 31, 2020.
The lender's net profit in year-ago period was ₹969 crore. The net interest income increased by 17% to ₹8,927 crore as against ₹7,620 crore in March 2019. "The impact of the Covid-19 pandemic could result in fewer business opportunities, lower revenues, and an increase in the levels of non-performing assets and provisions, depending inter alia upon the period of time for which the pandemic extends, the remedial measures adopted by governments and central banks, and the time taken for economic activity to resume at normal levels after the