ICICI Bank Q1 results: Net profit grows 14.62%, interest income up 17%, gross NPAs fall 9.75%, net interest margin falls
Hindustan TimesICICI Bank Ltd, India's second-largest private sector lender has announced its first quarter financial results for the financial year 2024-25 on Saturday, July 27. The bank recorded a standalone net profit of ₹11,059.11 crore, a gain of 14.62% or ₹1,410.91 compared to the same quarter of the previous year, which was at ₹9,648.20 crore. This was a fall of 9.75% or ₹3,103.76 crore compared to the previous year's first quarter NPAs of ₹31,822.39 crore. The bank's net NPAs increased to ₹5,684.79 crore, a rise of 5.7% or ₹307 crore compared to ₹5,377.79 crore during the same quarter of the previous year. ICICI Bank's provisioning increased to ₹1,332.18 crore, which was a rise of 3.07% or ₹39.74 crore compared to ₹1,292.44 during the same quarter of the previous year.