ICICI Bank has infused Rs 500 crore in its home finance subsidiary, ICICI Home Finance in the first quarter of fiscal year 2025, the bank’s executive director (ED) Sandeep Batra said. “In Q1-2025, we did some equity. We infused about Rs 500 crore,” Batra said in a post-results media call on July 27.
The bank has till now infused Rs 1,862 crore through equity in the subsidiary.
The home finance arm of the bank in Q1FY25 reported a net profit of Rs 117 crore. The company’s advances for the quarter stood at Rs 23,700 crore, jumping from Rs 22,520 crore. The capital adequacy ratio of the company jumped from 19.9 percent to 22.2 percent in the quarter.
On the asset quality front, the stage-3 gross impaired loans stood at Rs 405 crore from Rs 391 crore in the last quarter. And stage-3 net impaired loans were at Rs 248 crore versus Rs 239 crore.
ICICI Bank Q1
The bank on July 27 reported a net profit of Rs 11,059.1 crore for the first quarter of fiscal year 2025, 14.6 percent higher than Rs Rs 9,648.2 crore reported last year. An average estimate from 7 brokerages showed that the bank would report a net profit of Rs 10,614 crore. The bank beat market expectations.
The bank's net interest income came in at Rs 19,552.9 crore, 7.3 percent up YoY and beating market expectations of Rs 19,515 crore.
The gross non-performing asset of the lender came in at 2.15 percent. The net non-performing assets (NNPA) stood at 0.43 percent compared to 0.42 percent last year.
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