ICICI Bank Reports 9% Increase in Q4 Net Profit to ₹14,755 Crore
ICICI Bank Q4 net profit up 9 pc at Rs 14,755 cr, provisions decline sharply
News 18
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ICICI Bank, based in Mumbai, reported a consolidated net profit of ₹14,755 crore for the March quarter, marking a 9.28% increase from the previous year. The bank's provisions significantly declined, contributing to improved asset quality with a gross non-performing assets ratio of 1.40%.
- 01ICICI Bank's consolidated net profit rose by 9.28% to ₹14,755 crore in Q4.
- 02Standalone net profit increased by 8.5% to ₹13,702 crore.
- 03Provisions dropped sharply to ₹96.16 crore from ₹891 crore a year ago.
- 04The gross non-performing assets ratio improved to 1.40%.
- 05Core net-interest income grew by 8.4% to ₹22,979 crore.
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ICICI Bank, one of India's leading private sector banks, reported a consolidated net profit of ₹14,755 crore for the March quarter, reflecting a 9.28% increase compared to ₹13,502 crore from the same quarter last year. The standalone net profit also saw an 8.5% rise, reaching ₹13,702 crore. For the fiscal year 2025-26, the bank's post-tax profit increased by 6.2% to ₹50,147 crore. In the latest quarter, the bank's core net-interest income rose by 8.4% to ₹22,979 crore, while non-interest income, excluding treasury, increased by 5.6% to ₹7,415 crore. However, operating expenses grew by 12%, totaling ₹12,089 crore. Notably, the bank's provisions fell sharply to ₹96.16 crore, down from ₹891 crore a year ago, contributing to an improved gross non-performing assets ratio of 1.40%, down from 1.53% in December and 1.67% a year prior.
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The significant drop in provisions and improved asset quality may lead to better lending rates and financial stability for customers and investors.
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