ICICI Bank reported a 15 per cent year-on-year (yoy) increase in third quarter standalone net profit at ₹11,792 crore against ₹10,272 crore in the year ago quarter. The bottom line in the reporting quarter was supported by a strong growth in other income, write-back in deferred tax, among others.
Net interest income (difference between interest earned and interest expended) rose 9 per cent year-on-year (yoy) to ₹20,371 crore (₹18,679 crore in the year ago quarter). Other income was up 16 per cent yoy to ₹7,068 crore (₹6,097 crore).
Deposits and advances grew about 14 per cent each yoy to ₹15,20,309 crore and ₹13,14,366 crore, respectively, as on December-end 2024.
Gross Non-Performing Assets (NPAs) position improved to 1.96 per cent of gross advances as at December-end 2024 against 2.30 per cent as at December-end 2023. Net NPAs position improved a shade to 0.42 per cent of net advances against 0.44 per cent.