ICICI Bank Q3 Earnings: Mumbai-Deadquartered ICICI Bank on Saturday reported a 14.8 year increase in its Standalone Net profit at Rs 11,792.4 Crore for the quarter ended December 31, in line with analysts’ expectations. Net Profit Income Read on to learn more about the latest private bank earnings report.
According to Zee Business Research, ICICI Bank was estimated to have registered a CECEMBER-Quarter Net profit of Rs 11,446 Crore with net profit of Rs 20,634 Crore.
ICICI Bank said its core operating profit rose 13.1 percent to Rs 16,516 crore in the third quarter of the current financial year.
ICICI Bank Q3 Earnings | Deposits and credit growth
ICICI Bank said its average deposits expanded 13.7 percent to 14,58,489 crore while its domestic loan portfolio grew by Rs 12,82,778 crore, as of December 31.
CASA puts
Lender’s Savings and Savings Account Ratio
The high rating of Casa indicates the low cost of financing of financial institutions, which does not require paying interest on current accounts.
ICICI bank asset quality
The bank’s non-performing assets (NPAs) of bad loans stood at 1.96 percent of total loans for the quarter ended December 31, against 1.30 percent in the 2023-24 count.
Its NPA NPAS remained at 0.42 percent of total loans, the same level as in the September quarter, down from 0.44 percent a year ago.
Analysts for ZEE business faced Gross NPAs at 2.0 percent and NPAs at 0.4 percent.
ICICI Bank Share Price
On Friday, ICICI Bank shares ended 0.20 percent higher at Rs 1,209.5 adgeate on the BSE.
At this level, the stock has risen 20.2 percent in the last year, marking a trailing performance of the Nafty 50 and Nifty banking indices, which have grown by 7.8 percent respectively.
Also Read: HDFC Bank Q3 FY25 Results: Pat rises over 2%, Beats Street Results | SBI Q3 Results: Net Profit down 35% to Rs 9,164 Crore
Catch all the latest stock market updates here. For all other news, visit zeeebiz.com.