ICICI Bank’s shares jumped over 2.5% on Monday morning after the firm reported a 15.9% rise in consolidated net profit for the June quarter.The company’s stock rose 2.48% to Rs 1,462 on the BSE and 2.53% to Rs 1,462 a piece on NSE, PTI reported.The positive performance of the stock contributed to the recovery of the equity markets from their earlier losses. BSE Sensex rose by 300 points, and the NSE Nifty crossed the 25,000 mark in the trading session on Monday.Earlier on Saturday, ICICI Bank reported its consolidated net profit for the June quarter at Rs 13,558 crore, showing an increase from Rs 11,696 crore in the previous year.The standalone figures revealed that India’s second-largest private sector bank achieved a net profit of Rs 12,768 crore, marking a 15.5% increase from Rs 11,059 crore year-on-year.The bank’s core net interest income grew by 10.6% to Rs 21,635 crore, supported by 12% domestic loan growth. However, the net interest margin decreased to 4.34% from 4.41% in the previous quarter.
