ICICI Bank Q3 profit rises 15% to ₹11,792 crore
The Hindu
ICICI Bank reports 15% rise in Q3 net profit to ₹11,792 crore, with improved asset quality and capital adequacy.
ICICI Bank on Saturday (January 25, 2025) reported a 15% rise in standalone net profit at ₹11,792 crore for the third quarter ended December 2024.
The second-largest private sector lender had earned a net profit of ₹10,272 crore in the same quarter a year ago.
“Total income increased to ₹48,368 crore from ₹42,792 crore in the same period a year ago,” ICICI Bank said in a regulatory filing.
Interest income increased to ₹41,300 crore during the quarter under review as compared to ₹36,695 crore in the year-ago period.
On the asset quality front, the bank’s gross non-performing assets ratio improved to 1.96% as against 2.3% a year ago.
Similarly, net NPAs, or bad loans, came down to 0.42% from 0.44% at the end of the third quarter last fiscal year.
However, the overall provisions, excluding tax increased to ₹1,227 crore during the quarter from ₹1,049 crore a year ago.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.