ICICI Financial institution Q3 revenue rises 15% to Rs 11,792 cr

NEW DELHI: ICICI Financial institution on Saturday reported 15 per cent rise in standalone web revenue at Rs 11,792 crore for the third quarter ended December 2024. The second-largest personal sector lender had earned a web revenue of Rs 10,272 crore in the identical quarter a yr in the past.
Complete revenue elevated to Rs 48,368 crore from Rs 42,792 crore in the identical interval a yr in the past, ICICI Financial institution mentioned in a regulatory submitting.
Curiosity revenue elevated to Rs 41,300 crore through the quarter below overview as in comparison with Rs 36,695 crore within the year-ago interval.
On the asset high quality entrance, the financial institution’s gross non-performing property ratio improved to 1.96 per cent as towards 2.3 per cent a yr in the past.
Equally, web NPAs, or unhealthy loans, got here right down to 0.42 per cent from 0.44 per cent on the finish of the third quarter final fiscal yr.
Nonetheless, the general provisions, excluding tax elevated to Rs 1,227 crore through the quarter from Rs 1,049 crore a yr in the past.
Provision protection ratio on non-performing loans was 78.2 per cent as on December 31, 2024.
Capital Adequacy Ratio rose to 14.71 per cent from 14.61 per cent on the finish of the third quarter of the earlier monetary yr.