ICICI Bank Q3 FY25: Net profit up 15%, NII up 9.1%

In the third quarter of fiscal 2025, ICICI Bank, the second largest private sector bank after HDFC, posted a net profit of Rs 11,792. This marked a 15% increase compared to the same quarter last year when net profit was Rs 10,272 crore.

In addition, lenders reported a net interest income of Rs 20,370.6 crore, reflecting a 9.1% increase from Rs 18,678 crore in the previous year.

NPA

The net NPA ratio (bad loans) remained stable at 0.42% in the last quarter, while the ratio of insurance coverage for non-performing loans was 78.2% as of the end of December.

In Q3 of FY25, the total NPA ratio showed a slight improvement to 1.96% from 1.97% in Q2. The total NPA addition was Rs 6,085 crore in Q3, compared to Rs 5,916 crore in Q1 and Rs 5,073 crore in Q2 of FY25.

ICICI notes that it typically experiences higher NPAs from Kisan credit portfolios in the first and third quarters of the fiscal year.

During the quarter, the bank issued NPAs totaling 2,011 rupees.

Deposit

In the third quarter, ICICI saw a 14.1% year-on-year increase and a 1.5% increase in total deposits at the end, reaching Rs 15,20,309 crore. Average deposits also showed growth with a 13.7% year-on-year increase and a 2.1% increase to Rs 14,58,489 crore for the quarter.

In particular, the average current account deposits increased by 13.1% year on year and 4.5% in a row, while the average savings account deposits increased by 12.3% year on year and 1.3% year on year. The ratio of average current account and savings account (CASA) was 39% during Q3.

Credit growth

Net domestic growth experienced 15.1% year-on-year growth and a steady 3.2% quarterly growth. The retail loan portfolio saw a 10.5% year-on-year growth and a continuous growth of 1.4%, accounting for 52.4% of the total loan portfolio.

On the other hand, the business banking portfolio saw a year-on-year growth of 31.9% and a continuous growth of 6.4%.

Shares of ICICI Bank closed at Rs 1,213.70 on Friday (January 24th), up 0.99% percentage point on the BSE.