The country’s second largest private sector bank, ICICI Bank, on January 25,2025, reported a net profit of Rs 11,792 crore in the third quarter of fiscal year 2025, 15 percent higher than Rs 10,272 crore in the corresponding quarter last year.
The net interest income of the lender was at Rs20,370.6 crore, higher than 9.1% percent from Rs 18,678 crore last year.
ICICI Bank's net interest margin, a key gauge of profitability, fell to 4.25% from 4.43% a year earlier and from 4.27% in the previous quarter.
Provisions and contingencies, the funds set aside for potential bad loans, rose nearly 17% to 12.27 billion rupees from 10.49 billion rupees a year earlier.
ICICI Bank's asset quality was largely stable, with the gross non-performing assets (NPA) ratio at 1.96% at the end of December, versus 1.97% three months earlier.
The bank typically experiences higher NPA additions from the kisan credit card portfolio, a credit scheme for farmers in India, during the first and third financial quarters, ICICI said in a release.
The shares of the bank closed for trading at Rs1,209.45 on January 25, 2025, 0.58% percent up on BSE.
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