ICICI Bank Limited — Important, 14-11-2024: Updates

**Updates**

ICICI Bank reported a year-on-year increase in profit before tax excluding treasury, which grew by 7.9% to ₹14,810 crore (approximately USD 1.8 billion) for the quarter ended September 30, 2024. Core operating profit also saw a solid rise of 12.1% year-on-year, reaching ₹16,043 crore (around USD 1.9 billion). The profit after tax increased by 14.5% to ₹11,746 crore (about USD 1.4 billion). Total deposits experienced significant growth, rising by 15.7% year-on-year to ₹14,97,761 crore (USD 178.7 billion). The net non-performing assets (NPA) ratio improved slightly to 0.42%, down from 0.43% in the previous quarter, with a provisioning coverage ratio on non-performing loans at 78.5%. Additionally, the bank’s total capital adequacy ratio stood at 16.66%. Overall, the results reflect a positive outlook for ICICI Bank, driven by strong operational performance and credit growth.

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**Investor Presentations**

1. **Financial Highlights**: ICICI Bank reported a profit before tax of ₹15,490 crore (USD 1.8 billion) in Q2-2025, an increase of 13.5% year-on-year. Core operating profit rose to ₹16,043 crore (USD 1.9 billion), +12.1% YoY. Profit after tax reached ₹11,746 crore (USD 1.4 billion), +14.5% YoY.

2. **Strategic Initiatives and Growth Drivers**: The bank has focused on enhancing digital transactions, with 72% of trade activities conducted online in the current quarter, contributing to efficient operational execution.

3. **Business Developments**: Total period-end deposits grew 15.7% YoY to ₹14,97,761 crore (USD 178.7 billion), reflecting strong customer trust and consolidated efforts to expand the deposit base.

4. **Market Position and Competitive Advantage**: ICICI Bank maintains a robust market position with total advances up by 15.0% YoY, boosted by a healthy growth in the retail segment, which comprised 53% of the total loan portfolio.

5. **Investor Implications**: The bank’s consistent performance and growing market share indicate potential growth opportunities for investors, amidst a stable financial environment, supported by a strong capital adequacy ratio of 16.66%.

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**Company Announcements**

**Disclosure of Material Issue**: ICICI Bank confirmed a year-on-year increase in profit before tax, signaling strong financial health and effective risk management practices. The enhancement in asset quality, with net NPA ratio at 0.42%, reflects the bank’s commitment to sustaining performance and managing risks effectively.

**Capacity Addition**: The bank plans to add 90 branches, further expanding its physical presence and enabling it to cater to a larger customer base, thus enhancing its growth trajectory in the retail banking segment.

**Commencement of Commercial Production**: No new commercial production announcements were made within this report.