ICICI Bank's standalone net profit jumped 14.62% to Rs 11,059.11 crore on 18.66% rise in total income to Rs 45,997.70 crore in Q1 FY25 over Q1 FY24.
The banks profit before tax (PBT) stood at Rs 14,692.66 crore in Q1 FY25, registering a growth of 14.36% YoY.Net interest income (NII) increased by 7.27% year on year (YoY) to Rs 19,553 crore in during the quarter. Net interest margin (NIM) was 4.36% in Q1 FY24 as compared to 4.78% in Q1 FY24.
The bank's provisions (excluding provision for tax) increased 3.09% YoY to Rs 1,332.18 crore during the period under review.
Total period-end deposits increased by 15.1% YoY to Rs 14,26,150 crore at 30 June 2024. Period-end term deposits jumped 19.9% YoY to Rs 8,42,479 crore at 30 June 2024.
The net domestic advances grew by 15.9% YoY and total advances increased by 15.7% YoY to Rs 12,23,154 crore as at 30 June 2024.
Also Read
 "Paris Olympics 2024 Day 1 LIVE UPDATES")
 "Niti Aayog, Niti Aayog CEO")
 "NCRTC")
 "D Raja, Raja")
 "In 2023, after more than two years of development and testing, Mondelez India launched a version of Bournvita that delivers about half the recommended daily allowance of key micronutrients for children, including iron, iodine, and zinc, as well as vi")
The retail loan portfolio grew by 17.1% YoY, and comprised 54.4% of the total loan portfolio at 30 June 2024. Including non-fund outstanding, the retail portfolio was 46.3% of the total portfolio at 30 June 2024.
On asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 28,718.63 crore as on 30 June 2024 as against Rs 31,822.39 crore as on 30 June 2023.
The gross NPA ratio reduced to 2.15% as on 30 June 2024 as compared to 2.76% as on 30 June 2023. The net NPA ratio declined to 0.43% as on 30 June 2024 as against 0.48% as on 30 June 2023.
The provisioning coverage ratio (PCR) on non-performing assets was 79.7% at 30 June 2024.
The bank's total capital adequacy ratio at 30 June 2024 was 16.63% and CET-1 ratio was 15.92% compared to the minimum regulatory requirements of 11.70% and 8.20%, respectively.
The banks fee income grew by 13.4% year-on-year to Rs 5,490 crore in Q1 FY25 from Rs 4,843 crore in Q1 FY24. Fees from retail, rural, business banking and SME customers constituted about 78% of total fees in Q1 FY25.
The Bank had a market share of about 32.1% by value in electronic toll collections through FASTag in Q1-2025, with a 16.9% yearon-year growth in collections in Q1-FY2025.
On consolidated basis, the bank's net profit increased 9.96% to Rs 11,695.84 crore on 29.15% rise in total income to Rs 67,270.06 crore in Q1 FY25 over Q1 FY24.
ICICI Bank is a leading private sector bank in India. The bank had a network of 6,587 branches, 17,102 ATMs and cash recycling machines at 30 June 2024.
The scrip rose 0.81% to end at Rs 1,207.70 on Friday, 26 July 2024.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
