- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
**Business Performance:** Core operating profit rose 6% to ₹ 17,513 Cr this quarter, but net profit (PAT) saw a 4% dip to ₹ 11,318 Cr. This was largely due to increased provisions of ₹ 2,556 Cr, which included ₹ 1,283 Cr set aside following a regulatory review of some agricultural loans. Net interest income grew 7.7%, and non-interest income increased 12.4%. Domestic loans expanded 11.5%, driven by strong retail (up 7.2%) and business banking (up 22.8%) segments. Deposits grew 9.2%.
**Growth Drivers or Strategy:** The bank is pushing digital transformation through platforms like iLens for lending, and InstaBIZ and EazySign for business banking. It's also expanding credit card usage via brand collaborations and UPI integration.
**Recent Developments:** The bank issued ₹ 3,945 Cr in Tier II bonds to boost capital. Key subsidiaries like ICICI Lombard General Insurance saw gross direct premium income grow to ₹ 7,041 Cr from ₹ 6,214 Cr. ESG initiatives are progressing, including new cancer care facilities and enhanced digital tools for ESG data.
**Key Financial Metrics:** Net NPA ratio improved to 0.37%. Common Equity Tier 1 (CET1) ratio is strong at 16.46%, with total capital adequacy at 17.34%. Quarterly EPS stood at ₹ 63.3.
**Management Commentary / Outlook:** The bank remains focused on leveraging digital innovation and a diversified loan portfolio to sustain growth, while strengthening its capital position and ESG commitments.