Sat Jan 25 11:14:54 UTC 2025: ## ICICI Bank Reports 15% Surge in Q3 Net Profit

**New Delhi, January 25, 2025** – ICICI Bank announced a significant 15% increase in its standalone net profit for the third quarter of 2024, reaching ₹11,792 crore. This marks a substantial rise from ₹10,272 crore reported during the same period last year. The bank’s total income also saw a healthy increase, climbing to ₹48,368 crore compared to ₹42,792 crore in the previous year’s corresponding quarter. This growth was driven by a rise in interest income, which increased to ₹41,300 crore from ₹36,695 crore.

The bank also reported improvements in asset quality. The gross non-performing assets (NPAs) ratio decreased to 1.96% from 2.3% a year ago, while net NPAs fell to 0.42% from 0.44%. However, overall provisions (excluding tax) increased to ₹1,227 crore from ₹1,049 crore. Despite this, the provision coverage ratio on non-performing loans stood at a robust 78.2% as of December 31, 2024. The bank’s Capital Adequacy Ratio also saw a slight increase, rising to 14.71% from 14.61%.

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