There has been a 16.8 per cent jump in the net profit of private sector lender, ICICI Bank for the quarter ending June 30. In real terms, the profit for the bank was Rs. 2,026 crore, which is much higher than the same period last year.

In 2009, the profit stood at Rs. 878 crore.

However, the total income of the bank came down by a much as 18.7 per cent to end at Rs.7,493 crore s against last year when it stood at Rs.9,223 crore.

Net income stood at Rs.1,991 crore as compared to Rs.1,985 crore that it saw during the same quarter last year. Non-interest income went down marginally to Rs. 1,680 crore as compared to Rs.2,090 crore last year.

One of the main sources of income for ICICI, treasury income slipped from Rs.714 crore to Rs.104 crore during the period.

Because of this, the bank was forced to reduce its contingency amount by as much as 40 per cent to end at Rs.798 crore as compared to Rs. 1,324 crore last year.

Good news is that the current account and savings account deposits grew by 32 per cent to Rs.84,618 crore this year.