The second largest private lender in India ICICI Bank has reported 15 percent YoY growth in net profit. As per reports, it filed Q3 FY25 at Rs 11,792 crore as against Rs 10,272 crore in the same quarter last year.
Meanwhile, the net interest income grew 9.1 percent YoY to Rs 20,371 crore from Rs 18,678 crore in Q3 FY24.
ICICI Bank’s net interest margin (NIM) came in at 4.25% in Q3 FY25, down from 4.43% in the same quarter last year and 4.27% in the previous quarter.
According to the stock exchange filing, the bank maintained stable asset quality with gross NPA ratio improving slightly to 1.96% from 1.97% in the previous quarter. It is noteworthy to mention that the net NPA ratio remained unchanged at 0.42 percent.
The ICICI Bank has appointed Sandeep Batra as Executive Director. Rakesh Jha has been appointed as the Executive Director.
Meanwhile, the provisions increased by 17 percent YoY to Rs 1,227 crore from Rs 1,049 crore in Q3 FY24.
