ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore
The Hindu
ICICI Bank reports 14.8% YoY net profit growth, NII up 9.1%, gross NPA ratio down to 1.96%.
ICICI Bank, the second largest private sector bank, reported a 14.8% year-on-year growth in net profit for the third quarter ended December 31 to ₹11,792 crore.
The bank’s net interest income (NII) increased by 9.1% year-on-year (YoY) to ₹20,371 crore.
The net interest margin was lower at 4.25% compared with 4.43% in the year ago period.
During the quarter the bank made higher provisions (excluding provision for tax) of ₹1,227 crore compared with ₹1,050 crore a year ago.
The gross NPA ratio was 1.96% at December 31, 2024 compared to 2.30% a year ago.
The net NPA ratio was 0.42% at December 31, 2024 compared to 0.44% in the same period last year.
The gross NPA additions were ₹6,085 crore out of which ₹5,300 crore were from retail and rural and the rest was from corporates, Sandeep Batra, Executive Director, ICICI Bank said over a conference call.
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