ICICI Bank Reports Strong Q3 FY25 Results
ICICI Bank, India's second largest private sector bank, reported a strong performance in the third quarter of fiscal year 2025 (Q3 FY25). The bank's net profit increased by 15% year-on-year to Rs 11,792 crore, compared to Rs 10,272 crore in the same quarter of the previous year.
The bank's net interest income also grew by 9.1% year-on-year to Rs 20,370.6 crore, reflecting healthy credit growth and improving margins. The net NPA (bad loans) ratio remained stable at 0.42%, while the provisioning coverage ratio for non-performing loans stood at a healthy 78.2%.
ICICI Bank's total period-end deposits increased by 14.1% year-on-year and 1.5% sequentially to Rs 15,20,309 crore. Average deposits also grew by 13.7% year-on-year and 2.1% sequentially to Rs 14,58,489 crore. The bank's CASA ratio stood at 39% during the quarter.
Net domestic advances experienced a year-on-year growth of 15.1% and a sequential growth of 3.2% during the quarter. The retail loan portfolio grew by 10.5% year-on-year and 1.4% sequentially, accounting for 52.4% of the total loan portfolio. The business banking portfolio witnessed a robust year-on-year growth of 31.9% and a sequential growth of 6.4%.
The bank's shares closed at Rs 1,213.70 on Friday (January 24), up 0.99% on the BSE.
Overall, ICICI Bank delivered a strong performance in Q3 FY25, driven by healthy credit growth, improving margins, and stable asset quality. The bank's focus on retail and business banking segments continues to drive its growth momentum.