From large companies to major banks, the process of announcing their second quarter results continues. Two large banks also published their second quarter results on Saturday. On one hand, ICICI Bank, the second largest private sector bank, recorded a net profit of 14 per cent, while on the other hand, Yes Bank’s profit increased by a staggering 145 per cent. The effect of these excellent results can also be seen on Monday in banking securities.
ICICI Bank posted strong profits
First of all, let’s talk about ICICI Bank, so let us tell you that this big private sector bank has recorded a 14.47 percent increase in net profit in the September quarter and this profit figure is Rs 11,746 crore in fiscal year 25. . In the same quarter last year it was Rs 10,261 crore. What is special is that the gross NPL ratio of ICICI Bank fell to 1.97% on September 30, 2024, compared to 2.15% on June 30, 2024. The gross NPL ratio in the second quarter of the Last year it was 2.48%.
ICICI Bank Stock Status
If we talk about ICICI Bank Share, despite the huge drop in the stock market on the last trading day of the week, this stock closed in the green zone. Shares of this bank with a market capitalization of Rs 8.85 lakh crore closed at Rs 1,259.60 on Friday. Its 52-week high level is Rs 1,362.35 and low level is Rs 899. The impact of the excellent quarterly results can be seen on Monday in the shares of this bank.
Yes Bank made huge profits
Now let’s talk about the second bank included in the list, yes it is Yes Bank whose profits have increased significantly in the September quarter. On Saturday, this bank also announced its second quarter results and said that the bank’s net profit increased by 145.6 percent in three months. The company’s profit in the same quarter last year was Rs 225.21 crore, which has increased to Rs 553 crore this year. Along with this, the bank’s interest income increased by 14.3 percent annually and reached Rs 2,200 crore.
Bank Stocks May Make a Moment Tomorrow!
If you look at Yes Bank stock, on the last trading day of the week, amidst the market decline, this banking stock also fell heavily and closed at Rs 19.50 with a drop of 2.60 percent. Shares of this bank with a market capitalization of Rs 60.85 billion opened at Rs 20.04 on Friday and rose to Rs 20.12, but this share also fell due to the sudden collapse of the market. Its performance has been better in the last year and has given a return of 22.26 percent to its investors, but it has fallen a lot in the last six months. Now the impact of the news of the huge profits on the quarterly results will be seen in bank stocks on Monday.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
