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ICICI Bank’s standalone net profit i.e. 15% increased to ₹ 11,792 crore in the October-December quarter. It was ₹ 10,272 crore in the same quarter of last year.
However, the bank’s net profit has increased by 0.39% on a quarterly basis. The bank’s profit was Rs 11,746 crore in the previous quarter (Q2FY25). ICICI Bank has released the results of the third quarter of Q3Fy25 i.e. Financial Year 2024-25 on Saturday (25 January).
Bank’s total income increased 13%
In the October-December quarter, the bank’s total income increased by 13.03% to Rs 48,368 crore on an annual basis, which was Rs 42,792 crore in the same quarter of last year. At the same time, the bank’s income has increased by 1.37% on a quarterly basis. It was Rs 47,714 crore in the second quarter.
Bank’s net interest income increased by 9%
In October-December, ICICI Bank’s Net Interest Income (NII) i.e. net interest income increased by 9.1% to Rs 20,370 crore on an annual basis. It was Rs 18,678 crore in the same quarter of last year.
Total interest income increased by 12.54%
In October-December, ICICI Bank’s total interest income increased by 12.54% to Rs 41,300 crore on an annual basis, it was Rs 36,695 crore last year. On the quarterly basis, the bank’s total interest income has increased by 1.88%. It was Rs 40,537 crore in the second quarter.
Share gives 20% return in a year
On Friday, ICICI Bank’s stock rose by 1% to close at Rs 1,213.70. With this, the market cap of the company has increased to Rs 8.5 lakh crore. In the last six months, the bank has climbed 2% and 20% in a year.
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