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Private-sector lender ICICI Bank on Saturday reported a 14.8 per cent growth in its profit after tax at Rs 11,792 crore in the quarter ended December 2024, compared to Rs 10,272 crore in the corresponding quarter of the previous fiscal.
The bank’s net interest income (NII) rose 9.1 per cent year-on-year to Rs 20,371 crore in Q3 FY2025 from Rs 18,678 crore in the year-ago period.
The net interest margin moderated to 4.25 per cent in the reporting quarter compared to 4.43 per cent in Q3 FY2024.
The gross non performing asset (NPA) ratio stood at 1.96 per cent compared to 2.3 per cent in the quarter ended December 2023. The net NPA ratio was 0.42 per cent at December 31, 2024 compared to 0.44 per cent at December 31, 2023.
Recoveries and upgrades of NPAs, excluding write-offs and sale, were Rs 3,392 crore in Q3 FY2025. The net additions to gross NPAs, excluding write-offs and sale, were Rs 2,693 crore in the reporting quarter.
The lender has written-off gross NPAs amounting to Rs 2,011 crore in the quarter ended December 2024.
Total advances increased by 13.9 per cent year-on-year to Rs 13,14,366 crore at December
31, 2024. The retail loan portfolio rose 10.5 per cent year-on-year and comprised 52.4 per cent of the total loan portfolio at December 31, 2024. The domestic corporate portfolio grew by 13.2 per cent.
Total period-end deposits rose 14.1 per cent year-on-year to Rs 15,20,309 crore in December 2024 quarter.
Average current account deposits increased by 13.1 per cent year-on-year and average savings account deposits jumped by 12.3 per cent in Q3 FY2025.
