ICICI Financial institution reported a 15 per cent rise in standalone internet revenue to ₹11,792 crore for the third quarter ended December 2024, in comparison with ₹10,272 crore in the identical interval final yr. The financial institution’s shares responded positively, buying and selling up 1.80 per cent at ₹1,231 on NSE as of Monday morning.
The non-public sector lender’s efficiency was pushed by a 9 per cent enhance in internet curiosity earnings, which reached ₹20,371 crore, and a 16 per cent progress in different earnings to ₹7,068 crore. The outcomes have been additionally supported by a write-back in deferred tax.
The financial institution maintained sturdy asset high quality, with gross non-performing belongings (NPAs) enhancing to 1.96 per cent of gross advances as of December-end 2024, down from 2.30 per cent a yr in the past. Web NPAs additionally confirmed enchancment, declining to 0.42 per cent from 0.44 per cent in the identical interval.
Each deposits and advances demonstrated sturdy progress of roughly 14 per cent year-on-year. The financial institution’s whole deposits stood at ₹15,20,309 crore, whereas advances reached ₹13,14,366 crore on the finish of December 2024.
