ICICI Bank on Saturday announced a 15.7% year-on-year increase in its consolidated net profit for the January–March quarter, reaching Rs 13,502 crore.
On a standalone basis, the private sector lender’s net profit rose by 18% to Rs 12,630 crore, compared to Rs 10,708 crore in the same quarter last year.
The bank’s core net interest income (NII) grew by 11%, rising to Rs 21,193 crore, up from Rs 19,093 crore in the year-ago period.
Meanwhile, non-interest income (excluding treasury gains) saw a strong 18.4% increase, totalling Rs 7,021 crore for the quarter.
Provisions for the quarter stood at Rs 891 crore, higher than the Rs 718 crore reported during the same period last year.
Asset quality also improved, with the gross non-performing assets (GNPA) ratio declining to 1.67% as of March 2025, down from 1.96% at the end of December 2024.
On a standalone basis, the private sector lender’s net profit rose by 18% to Rs 12,630 crore, compared to Rs 10,708 crore in the same quarter last year.
The bank’s core net interest income (NII) grew by 11%, rising to Rs 21,193 crore, up from Rs 19,093 crore in the year-ago period.
Meanwhile, non-interest income (excluding treasury gains) saw a strong 18.4% increase, totalling Rs 7,021 crore for the quarter.
Provisions for the quarter stood at Rs 891 crore, higher than the Rs 718 crore reported during the same period last year.
Asset quality also improved, with the gross non-performing assets (GNPA) ratio declining to 1.67% as of March 2025, down from 1.96% at the end of December 2024.
You may also like
"If the two come together, we will be happy": Maharashtra CM Fadnavis on possible Raj-Uddhav reunion
Honour to speak to PM Modi, will visit India by year-end: Musk
Cat owners urged to keep eye out for one 'life-threatening' sign
24 score 100 percentile in JEE (M); 7 from Rajasthan, Maharashtra next best with 4
Nehru taught us to confront fear: Rahul
