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ICICI Bank net profit jumps 15 pc in Q3 to Rs 11,792 crore

ICICI Bank net profit jumps 15 pc in Q3 to Rs 11,792 crore

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.

UNI NK CS1644

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