ICICI Bank reports 15% YoY profit growth in Q3 FY25, NII increases by 9%

ICICI Bank, India's second-largest private-sector lender, reported a strong financial performance for the third quarter of FY25, with a 15% year-on-year (YoY) rise in net profit. The profit reached ₹11,792 crore, up from ₹10,272 crore in the same period last year.

The bank's net interest income (NII) — the difference between interest earned and interest paid — saw a 9.1% YoY increase, reaching ₹20,371 crore, compared to ₹18,678 crore in Q3 FY24. However, its net interest margin (NIM), a key measure of profitability, stood at 4.25%, slightly down from 4.43% in Q3 FY24 and 4.27% in the previous quarter.

Stable Asset Quality and Increased Provisions

ICICI Bank maintained a stable asset quality, with its gross non-performing assets (NPA) ratio improving marginally to 1.96% from 1.97% in the September quarter. The net NPA ratio remained unchanged at 0.42%. The bank's provision coverage ratio (PCR) for non-performing loans stood at 78.2% as of December 2024.

Provisions and contingencies for potential bad loans rose by 17% YoY to ₹1,227 crore, compared to ₹1,049 crore in Q3 FY24. The bank attributed higher NPA additions during the quarter to its Kisan Credit Card portfolio, a loan scheme tailored for farmers.

Leadership Announcements

ICICI Bank announced the re-appointment of Sandeep Batra as Executive Director, with his term extended until December 22, 2027. Additionally, Rakesh Jha has been re-appointed as Executive Director for a term starting September 2, 2025, and ending September 1, 2027.

Stock Market Performance

ICICI Bank's shares closed at ₹1,209.45 on Friday, up 0.58% on the Bombay Stock Exchange (BSE).