'ICICI Bank has reported 15% growth in net profit at Rs 11059.11
crore for the quarter ended June 2024 (Q1FY2025). The bank has posted 7% growth
in net interest income (NII), while the core fee income of the bank also
improved 13% in Q1FY2025. The Net Interest Margin (NIM) of the bank declined to
4.36% in Q1FY2025 compared to 4.78% in the corresponding quarter of previous
year.
On business front, the bank as has posted 15% growth in business
with strong 16% surge in loan book. The asset quality of the bank was stable in
Q1FY2025. Bank has maintained steady credit to deposit ratio at 85.8% at end
June 2024 from 85.4% at end June 2023. CASA ratio of the bank has declined to
40.9% at end June 2024 from 43.3% at end June 2023.
Asset quality stable: The bank has maintained stable asset quality in Q1FY2025.
The fresh slippages of loans stood at Rs 5916 crore in Q1FY2025
compared with 5139 crore in previous qu...
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(18-Nov-2024)
Bharat Forge
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