New Delhi, Jan 25 (UNI) Private lender ICICI Bank on Saturday reported 14.8% year-on-year rise in standalone net profit at Rs 11,792.42 crore for October-December quarter (Q3) of the current financial year 2024-25 (FY25).

The bank had posted a profit of Rs 10,271.54 crore in the Q3 of the previous financial year 2023-24.

Net interest income (NII) of the bank increased by 9.1% year-on-year to Rs 20,371 crore in the December quarter of the current financial year from Rs 18,678 crore in the corresponding period a year ago. The net interest margin was 4.25% in Q3 of FY25 as compared to 4.27% in Q2 of this year and 4.43% in Q3 last year.

ICICI Bank's gross non-performing assets (NPA) stood at Rs 27,745.33 crore as on 31 December 2024 as against Rs 28,774.63 crore as on 31 December 2023. The gross NPA ratio was 1.96% as on December 31, 2024 as compared to 2.30% as on December 31, 2023.

"The Bank typically witnesses higher NPA additions from the kisan credit card portfolio in the first and third quarter of a fiscal year," ICICI Bank said in a media release.

ICICI Bank said that its total period-end deposits increased by 14.1% year-on-year and 1.5% sequentially to Rs 15,20,309 crore as of December 31, 2024.

With the addition of 129 branches during Q3 of FY25, the ICICI Bank had a network of 6,742 branches and 16,277 ATMs & cash recycling machines as of December 31, 2024.

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