New Delhi, Feb 1 (PTI) Shares of ICICI Bank zoomed over 12 per cent on Monday after the company reported a 17.73 per cent jump in consolidated net profit for the December quarter.

The stock gained 12.47 per cent to close at Rs 603.95 on BSE. During the day, it jumped 13.50 per cent to an all-time high of Rs 609.50.

On NSE, it climbed 12.43 per cent to settle at Rs 603.80.

Its market valuation rallied Rs 46,271.19 crore to Rs 4,16,999.19 crore on BSE.

In terms of volume, 25.78 lakh shares were traded on BSE and over 6.93 crore on NSE.

ICICI Bank on Saturday reported a 17.73 per cent jump in its consolidated net profit to Rs 5,498.15 crore in the December quarter, helped by a jump in core income but experienced a surge in bad assets from its retail loans.

On a standalone basis, the second largest private sector lender by assets showed a 19.12 per cent rise in the post-tax profit to Rs 4,939.59 crore for the reporting quarter, up from Rs 4,146.46 crore in the October-December 2019 period.

Its core net interest income grew 16 per cent to Rs 9,912 crore, on the back of a 13 per cent growth in domestic advances, while the the net interest margin came at 3.67 per cent as against 3.57 per cent in the preceding September quarter and 3.77 per cent in the year-ago period.

The non-interest income excluding the treasury income came at Rs 3,921 crore as against 4,043 crore.

The reported gross non-performing assets ratio was at 4.38 per cent, but would have been 5.42 per cent if not for the Supreme Court order asking banks not to classify non-paying loan accounts as NPAs after the end of the loan repayment moratorium.

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