<p><strong>Mumbai</strong>: ICICI Bank, a leading private sector bank in India, posted robust year-on-year growth, registering a 14.8% surge in profit after tax, reaching ₹11,792 crore in the quarter ended December 2024. Additionally, the net interest income experienced a notable 9.1% increase, reaching ₹20,371 crore in Q3 FY25. The core operating profit grew by 13.1% year-on-year to ₹16,516 crore, marking the best growth in the last five quarters.</p><p>The bank's gross NPA improved to 1.96% in Q3 FY25 compared to 2.30% in Q3 FY24, while the net NPA ratio stood at 0.42% this quarter compared to 0.44% in Q3 FY24. The bank also recorded a return on assets (ROA) of 2.36% and a return on equity (ROE) of 17.6% this quarter, showcasing its financial stability.</p><p><strong>Mr. Sandeep Batra, Executive Director, ICICI Bank</strong>, said, “Our strategic focus continues to be on growing profit before tax, excluding treasury, through a 360-degree customer-centric approach and by serving opportunities across ecosystems and micro markets. We continue to operate within our strategic framework to strengthen our franchise.”</p><h3><strong>Deposit Growth:</strong></h3><p>ICICI Bank's total period-end deposits grew by 14.1% year-on-year and 1.5% sequentially to ₹15,20,309 crore in Q3 FY25. Meanwhile, period-end term deposits increased by 12.5% year-on-year, comprising 59.5% of the total deposits. CASA deposits grew by 16.6% year-on-year in Q3 FY25. Average current account deposits rose by 13.1% year-on-year, while average savings account deposits increased by 12.3% year-on-year. The average CASA ratio for Q3 FY25 was 39%.</p><h3><strong>Credit Growth:</strong></h3><p>The bank's overall loan portfolio grew by 13.9% year-on-year to ₹13,14,366 crore as of Q3 FY25. Retail loans, constituting 52.4% of total advances, grew by 10.5% year-on-year to ₹7,03,265 crore as of December 31, 2024. The net domestic loan portfolio also grew by 15.1% year-on-year and 3.2% sequentially this quarter. The business banking portfolio grew by 31.9% year-on-year, while the domestic corporate portfolio grew by 13.2% year-on-year. Similarly, the rural portfolio grew by 12.2% year-on-year. The personal loan portfolio grew by 8.8%, and the credit card portfolio increased by 17.9% year-on-year.</p><h3><strong>Asset Quality:</strong></h3><p>In Q3 FY25, ICICI Bank maintained a stable trajectory in managing asset quality with a GNPA of 1.96% and Net NPA of 0.42% reflecting the bank's robust risk management measures. The net addition to gross NPAs, excluding write-offs and sales, was ₹2,693 crore in Q3 FY25 compared to ₹1,754 crore in Q2 FY25. Recoveries and upgrades of NPAs, excluding write-offs and sales, amounted to ₹3,392 crore in Q3 FY25, compared to ₹3,319 crore in Q2 FY24. The bank wrote off gross NPAs amounting to ₹2,011 crore in Q3 FY25. The provision coverage ratio on NPAs was 78.2% as of December 31, 2024.</p><p>Excluding NPAs, the total fund-based outstanding to all borrowers declined to ₹2,107 crore, or 0.2% of total advances, as of December 31, 2024, from ₹2,546 crore in the previous quarter. The bank holds provisions amounting to ₹691 crore against these borrowers as of December 31, 2024. During the quarter, the bank maintained contingency provisions of ₹13,100 crore.</p><h3><strong>Capital Adequacy:</strong></h3><p>Including profits for the nine months ended December 31, 2024, the bank’s total capital adequacy ratio and CET-1 ratio stood at 16.60% and 15.93%, respectively, as of December 31, 2024, exceeding the minimum regulatory requirements of 11.70% and 8.20%.</p><p><strong>Mr. Batra</strong> further emphasised, “Maintaining high standards of governance, deepening coverage and enhancing delivery capabilities are focus areas for our risk calibrated profitable growth.”</p>
<p><strong>Mumbai</strong>: ICICI Bank, a leading private sector bank in India, posted robust year-on-year growth, registering a 14.8% surge in profit after tax, reaching ₹11,792 crore in the quarter ended December 2024. Additionally, the net interest income experienced a notable 9.1% increase, reaching ₹20,371 crore in Q3 FY25. The core operating profit grew by 13.1% year-on-year to ₹16,516 crore, marking the best growth in the last five quarters.</p><p>The bank's gross NPA improved to 1.96% in Q3 FY25 compared to 2.30% in Q3 FY24, while the net NPA ratio stood at 0.42% this quarter compared to 0.44% in Q3 FY24. The bank also recorded a return on assets (ROA) of 2.36% and a return on equity (ROE) of 17.6% this quarter, showcasing its financial stability.</p><p><strong>Mr. Sandeep Batra, Executive Director, ICICI Bank</strong>, said, “Our strategic focus continues to be on growing profit before tax, excluding treasury, through a 360-degree customer-centric approach and by serving opportunities across ecosystems and micro markets. We continue to operate within our strategic framework to strengthen our franchise.”</p><h3><strong>Deposit Growth:</strong></h3><p>ICICI Bank's total period-end deposits grew by 14.1% year-on-year and 1.5% sequentially to ₹15,20,309 crore in Q3 FY25. Meanwhile, period-end term deposits increased by 12.5% year-on-year, comprising 59.5% of the total deposits. CASA deposits grew by 16.6% year-on-year in Q3 FY25. Average current account deposits rose by 13.1% year-on-year, while average savings account deposits increased by 12.3% year-on-year. The average CASA ratio for Q3 FY25 was 39%.</p><h3><strong>Credit Growth:</strong></h3><p>The bank's overall loan portfolio grew by 13.9% year-on-year to ₹13,14,366 crore as of Q3 FY25. Retail loans, constituting 52.4% of total advances, grew by 10.5% year-on-year to ₹7,03,265 crore as of December 31, 2024. The net domestic loan portfolio also grew by 15.1% year-on-year and 3.2% sequentially this quarter. The business banking portfolio grew by 31.9% year-on-year, while the domestic corporate portfolio grew by 13.2% year-on-year. Similarly, the rural portfolio grew by 12.2% year-on-year. The personal loan portfolio grew by 8.8%, and the credit card portfolio increased by 17.9% year-on-year.</p><h3><strong>Asset Quality:</strong></h3><p>In Q3 FY25, ICICI Bank maintained a stable trajectory in managing asset quality with a GNPA of 1.96% and Net NPA of 0.42% reflecting the bank's robust risk management measures. The net addition to gross NPAs, excluding write-offs and sales, was ₹2,693 crore in Q3 FY25 compared to ₹1,754 crore in Q2 FY25. Recoveries and upgrades of NPAs, excluding write-offs and sales, amounted to ₹3,392 crore in Q3 FY25, compared to ₹3,319 crore in Q2 FY24. The bank wrote off gross NPAs amounting to ₹2,011 crore in Q3 FY25. The provision coverage ratio on NPAs was 78.2% as of December 31, 2024.</p><p>Excluding NPAs, the total fund-based outstanding to all borrowers declined to ₹2,107 crore, or 0.2% of total advances, as of December 31, 2024, from ₹2,546 crore in the previous quarter. The bank holds provisions amounting to ₹691 crore against these borrowers as of December 31, 2024. During the quarter, the bank maintained contingency provisions of ₹13,100 crore.</p><h3><strong>Capital Adequacy:</strong></h3><p>Including profits for the nine months ended December 31, 2024, the bank’s total capital adequacy ratio and CET-1 ratio stood at 16.60% and 15.93%, respectively, as of December 31, 2024, exceeding the minimum regulatory requirements of 11.70% and 8.20%.</p><p><strong>Mr. Batra</strong> further emphasised, “Maintaining high standards of governance, deepening coverage and enhancing delivery capabilities are focus areas for our risk calibrated profitable growth.”</p>