ICICI Bank, India’s second-largest private sector lender, reported a robust performance for the third quarter of fiscal year 2025, with net profit rising 15% year-on-year to Rs 11,792 crore. The bank had posted a net profit of Rs 10,272 crore during the same period last year.
The lender’s net interest income (NII) — the difference between interest earned and interest expended — rose 9.1% to Rs 20,370.6 crore, compared to Rs 18,678 crore in the corresponding quarter of the previous year.
ICICI Bank’s net interest margin (NIM), a key profitability indicator, moderated to 4.25% in Q3 FY25 from 4.43% a year earlier and 4.27% in the preceding quarter.
Provisions and contingencies, which represent funds set aside to cover potential bad loans, increased by 17% to Rs 1,227 crore, compared to Rs 1,049 crore in the year-ago quarter.
The bank’s asset quality remained largely stable, with the gross non-performing assets (NPA) ratio at 1.96% as of December 31, 2024, slightly better than 1.97% recorded at the end of the previous quarter. ICICI Bank noted that higher NPA additions from its Kisan Credit Card portfolio, a scheme offering credit to farmers, typically occur during the first and third financial quarters.
On January 25, 2025, ICICI Bank’s shares closed 0.58% higher at Rs 1,209.45 on the Bombay Stock Exchange (BSE), reflecting investor confidence in the bank’s consistent financial performance.
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