NEW DELHI: Country’s biggest private sector lender ICICI Bank on Friday reported a 33.66 per cent drop in standalone profit after tax (PAT) at Rs 2,058 crore, which fell short of Rs 2,560 crore profit estimated by analysts in a ET Now poll.

The private lender had reported a net profit of Rs 3,102 crore in the same quarter last year.

Gross NPAs as percentage of gross advances stood at Rs 7.87 per cent in September quarter against 7.99 per cent in June quarter and 6.12 per cent in year-ago quarter.

Net interest income (NII) for the quarter rose 9 per cent on a year-on-year basis to Rs 5,709 crore compared with Rs 5,253 crore in the same quarter last year. The net interest margin (NIM) expanded to 3.27 per cent in Q2 from 3.13 per cent in same quarter of last year.

Excluding the gains on sale of shareholding in insurance subsidiaries, the non-interest income stood at Rs 3,174 crore in compared with Rs 3,438 crore in the year-ago quarter.

Fee income rose 9 per cent on a year-on-year basis to Rs 2,570 crore.

The gross NPA additions declined to Rs 4,674 crore in Q2 compared to Rs 4,976 crore in June quarter and Rs 8,029 crore ($ 1.23 billion) in the year ago quarter.2017.