India's second largest private sector lender ICICI Bank on Saturday reported that its standalone Q3 profit after tax grew by 14.8% year-on-year (YoY) to Rs 11,792 crore while net interest income (NII) increased 9.1% YoY to Rs 20,371 crore during the December quarter.
It's net interest margin stood at 4.25% in Q3 FY25 compared to 4.27% in Q2 of FY25 and 4.43% in Q3 of FY24. The net NPA ratio was flat sequentially at 0.42% while provisioning coverage ratio on non-performing loans was 78.2% at December-end.
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ICICI Bank's total period-end deposits increased by 14.1% YoY and 1.5% sequentially to Rs 15,20,309 crore. The average deposits increased by 13.7% YoY and 2.1% sequentially to Rs 14,58,489 crore during the quarter.
The average current account deposits increased by 13.1% YoY and 4.5% sequentially while average savings account deposits increased 12.3% YoY and 1.3% sequentially.
The average current account and savings account (CASA) ratio was 39% in Q3.
The net domestic advances grew by 15.1% YoY and 3.2% sequentially during the quarter. The retail loan portfolio grew by 10.5% YoY and 1.4% sequentially, and comprised 52.4% of the total loan portfolio.
The gross NPA ratio improved marginally to 1.96% in Q3 vs 1.97% in Q2 of FY25. The gross NPA additions were Rs 6,085 crore in Q3 compared to Rs 5,916 crore in Q1 of FY25 and Rs 5,073 crore in Q2 of FY25.
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