ICICI Bank has reported a consolidated net profit of ₹13,502 crore for the January–March quarter of FY25, marking a 15.7% year-on-year increase. On a standalone basis, the bank’s net profit stood at ₹12,630 crore, up 18% from the same period last year.
Key Financial Highlights:
- Net Interest Income (NII): ₹21,193 crore, reflecting an 11% growth compared to Q4 FY24.
- Net Interest Margin (NIM): 4.41%, slightly up from 4.40% in the previous year.
- Non-Interest Income: ₹7,021 crore, marking an 18.4% increase year-on-year.
- Provisions: ₹891 crore, higher than ₹718 crore in Q4 FY24.
- Gross Non-Performing Assets (GNPA) Ratio: 1.67%, improved from 1.96% at the end of December 2024.
The bank’s board has recommended a dividend of ₹11 per share for FY25, subject to requisite approvals.
Looking ahead, Executive Director Sandeep Batra noted that 53% of the bank’s loan portfolio is linked to the repo rate, and full transmission of anticipated rate cuts by the Reserve Bank of India is expected within three months. He also highlighted that margins may face pressure due to these rate adjustments.
