ICICI Bank, India’s second-largest private sector bank, posted a net profit of Rs 11,792 crore in Q3 FY25, marking a 15 percent growth from Rs 10,272 crore in the same quarter last year.
Key Financial Highlights
On a year-on-year basis, the net interest income for the lender rose 9.1 percent to Rs 20,370.6 crore as against Rs 18,678 crore in Q3 FY24. The NIM at 4.25 percent is somewhat lesser than 4.43 percent seen in the corresponding quarter a year ago.
Non-interest income, excluding treasury income, increased 12.1 percent year-on-year at Rs 6,697 crore. Fee income, the major contributor, grew 16.3 percent to Rs 6,180 crore as retail, rural and business banking customers contributed 78 percent of the total fees.
The gross NPA ratio inched up a little to 1.96 percent as of December 2024 against 1.97 percent in September 2024. Net NPAs stood at 0.42 percent.
The bank reported a healthy 14.1 percent year-on-year increase in total deposits at Rs 15.20 lakh crore as of December 31, 2024. Average deposits rose 13.7 percent year-on-year.
The net domestic advances of the bank jumped 15.1 percent YoY, while its retail loan book leaped 10.5 percent during the period. Retail loans comprised 52.4 percent of the overall loan book at ICICI Bank. On January 25, 2025, ICICI Bank shares closed 0.99 percent higher at Rs 1,213.70 on the BSE.
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Source: Moneycontrol
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