ICICI Bank reported a 17% yoy growth in net profit to Rs. 1026 crore in Q1FY11 supported by lower provisioning and reduced operating cost. On consolidated basis, ICICI bank experienced a 5.4% growth in net profit to Rs. 1091 crore weighed down by a loss from its life insurance subsidiary. The Net Interest Income (NII) during the quarter stood at Rs. 1991 crore up by 0.3% yoy (-2.2% qoq). The non interest income during the quarter declined by 19.6% yoy (-11.2% qoq) due to reduced treasury gains.