ICICI Bank delivered a strong performance in Q3 FY25, with net profit rising by 15% year-on-year (YoY) to ₹11,792.42 crore, compared to ₹10,271.54 crore in Q3 FY24. This growth was driven by robust net interest income (NII), which stood at ₹20,370 crore, an increase of 9% from ₹18,678 crore in the corresponding quarter of the previous year. The growth in NII was supported by higher loan disbursements and stable margins.
The bank’s asset quality improved further during the quarter, with its gross non-performing assets (GNPA) ratio declining to 1.96% as of December 31, 2024, from 1.97% in the previous quarter (Q2 FY25). The net non-performing assets (NNPA) ratio also remained stable at 0.42%, reflecting better credit management and stronger recoveries.
Provisions (excluding tax) for the quarter stood at ₹1,226.65 crore against Rs 1,049 crore in Q3 FY24 but slightly lower than Rs 1,226 crore in Q2FY25.
Total income for the quarter was ₹48,367.97 crore, up from ₹42,791.64 crore in Q3 FY24. Operating profit before provisions and contingencies grew to ₹16,886.55 crore, compared to ₹14,723.62 crore in the same quarter last year, showcasing strong operational efficiency and cost control.
ICICI Bank’s capital adequacy ratio under Basel III remained robust at 14.71%, reflecting its healthy financial position. The return on assets (RoA) improved to 2.36% from 2.23% in the same quarter last year, further highlighting the bank’s ability to generate higher returns on its total assets.
ICICI Bank’s total advances reached ₹13,14,366 crore as of December 31, 2024, registering a 13.9% year-on-year (YoY) growth and a 2.9% increase quarter-on-quarter (QoQ). Net domestic advances grew by 15.1% YoY and 3.2% QoQ. The retail loan portfolio expanded by 10.5% YoY and 1.4% sequentially, making up 52.4% of the total loan book. Business banking loans demonstrated remarkable growth, rising 31.9% YoY and 6.4% sequentially, while the rural portfolio grew 12.2% YoY and 0.9% QoQ. The domestic corporate portfolio showed solid performance as well, increasing by 13.2% YoY and 4.3% sequentially.
The bank’s deposits showed robust growth, reaching ₹15,20,309 crore as of December 31, 2024, reflecting a 14.1% YoY increase and a 1.5% sequential rise. Average deposits grew by 13.7% YoY and 2.1% QoQ to ₹14,58,489 crore. Current account deposits grew by 13.1% YoY and 4.5% sequentially, while savings account deposits increased by 12.3% YoY and 1.3% sequentially. The bank added 129 branches during the quarter, bringing its total network to 6,742 branches and 16,277 ATMs and cash recycling machines.
The consistent improvement in ICICI Bank’s key performance metrics demonstrates its operational strength and financial resilience. With strong growth in net interest income, improved asset quality, and lower provisioning, the bank is well-positioned to maintain its growth momentum and strengthen its market position in the coming quarters.
