ICICI Bank Q4 Net Profit Rises 18% to ₹12,630 Crore

20 Apr 2025 , 12:50 AM

India’s second-biggest private sector lender, ICICI Bank, posted a remarkable 18% quarter-on-quarter growth in standalone net profit for Q4FY25 at ₹12,629.58 crore. Net profit rose by 7.1% quarter-on-quarter.

The board has declared a dividend of ₹11 on each equity share of face value of ₹2 to be disbursed to the shareholders in the subsequent AGM. Asset quality of Bank also improved well in Q4. Gross NPA ratio reduced to 1.67% as of 31st March 2025, from 1.96% previous quarter and 2.16% same quarter last year.

Net NPA ratio also reduced to 0.39% in March quarter, from 0.42% December 2024 quarter and March 2024 quarter. On absolute terms, the gross NPAs of the bank were ₹24,166.18 crore compared to ₹27,745.33 crore in Q3 and ₹27,961.68 crore in Q4 last year.

Bank provisioning (excluding tax provisioning) increased to ₹891 crore in Q4FY25 from ₹718 crore for the previous quarter of the previous year, but lower than ₹1,227 crore for Q3FY25.

Provisioning cover ratio (PCR) for non-performing assets remained healthy at 76.2% as of March 31, 2025. Total deposits grew 14% year-on-year and 5.9% quarter-on-quarter to ₹16.11 lakh crore as of Q4FY25. Average deposits grew 11.4% YoY and 1.9% QoQ to ₹14.87 lakh crore in the March quarter.

The bank recorded steady retail deposit growth: average current account deposits growing 9.6% YoY, and average savings account deposits rising 10.1% YoY.

ICICI Bank extended its wings even more by adding 241 new branches in Q4, making its network 6,983 branches and 16,285 ATMs and cash recycling machines as of March 31, 2025.

Domestic advances grew 13.9% YoY and 2.2% QoQ. Retail loan portfolio grew 8.9% YoY and 2.0% QoQ and accounted for 52.4% of the loans. Retail loans accounted for 43.8% of the overall portfolio on a non-fund-based exposure inclusive basis.

Business loans given grew significantly 33.7% YoY and 6.2% QoQ. Rural book of loans rose 5.1% YoY but declined 1.5% QoQ, which indicates lopsided trends in rural credit growth.

Domestic corporate loans rose 11.9% YoY but declined 0.4% QoQ, reflecting some slowdown in the demand from large corporates. Overall, aggregate advances rose 13.3% YoY and 2.1% QoQ to ₹13.42 lakh crore as of March 2025.