ICICI Bank, India’s second-largest bank, has reported a robust 35.7% YoY growth in its standalone net profit for the second quarter, reaching Rs 10,261 crore, beating market expectations of Rs 9,500 crore. The bank’s net interest income (NII) witnessed a 23.8% YoY growth, totaling Rs 18,308 crore. Despite a slight quarter-on-quarter decline in Net Interest Margin (NIM), the bank’s fee income grew by 16.2% YoY, contributing to a strong overall performance. The pre-provision operating profit (PPOP) showed a marginal QoQ growth of 0.6% and a significant YoY increase of 41.8%. ICICI Bank’s asset quality improved, with gross NPAs down to 2.48%, and provisions fell sharply to Rs 583 crore. The bank’s total outstanding loans and retail loan portfolio also demonstrated positive growth.