ICICI Bank Q2 Results: Net Profit Rises 14.47%, Interest Income Rises 16.08%

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What was ICICI Bank’s revenue?

The bank reported a standalone net profit of ₹11,745.88 crore, a gain of 14.47% respectively ₹1,484.88 crore as compared to the same quarter last year which was at ₹10,261 crore.

The interest income was ₹40,537.38 crore, representing an increase of 16.08% or an increase of ₹5,616.99 crore as compared to the interest income of ₹34,920.39 crore in the first quarter of the financial year 2023-24 or the previous year.

Investment income increased ₹8,311.33 crore, an increase of 18.38% ₹1,291.02 crore over the previous year ₹7,020.31 crore.

What were ICICI Bank’s NPAs?

ICICI Bank’s gross non-performing assets (NPAs) were ₹27,121.15 crore. This was a decrease of 9.10% or ₹2,715.79 crore as compared to the NPAs of the second quarter of the previous year ₹29,836.94 crore.

However, the bank’s net NPAs increased ₹5,685.14 crore, an increase of 12.65% respectively ₹638.67 crore as compared to ₹5,046.47 crore in the same quarter last year.

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What are the sectoral aspects of ICICI Bank’s financial results for the second quarter of 2024-25?

The bank’s retail banking revenue increased by 17.14% ₹38,750.86 crore as compared to ₹33,080.02 crore in the same quarter last year, an increase of ₹5,670.84 crore.

ICICI’s wholesale banking revenue increased ₹20,388.83 crore, an increase of ₹3,005.06 crore or 17.28% YoY ₹17,383.77 crore.

The bank’s digital banking revenue increased by 31.49% or ₹2,407.39 crore ₹10,051.48 crore from ₹7,644.09 crore last year.

How have ICICI Banks shares performed?

Shares of ICICI Bank closed at ₹1,255.50 on the Bombay Stock Exchange (BSE) after the week’s trading session ended on Friday, October 25, 2024. This was an increase of 0.23% or 2.90 points from the previous day’s closing price.

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