ICICI Bank 3rd quarterly settlement: ICICI Bank, headquartered in Mumbai, reported that the quarterly net income ended on December 31, which ended on December 31, increased 14.8 % year -on -year, and in line with the analysts’s expectations, it became 11,792.4 million. 。 For financial institutions, the net receiving interest (NII), an important income indicator that determines the difference between the interest paid and the interest paid, increased by 9.1 %, while the quality of assets is almost stable. For more information about the latest revenue reports of private banks, please read below.
According to a Zee Business survey, ICICI Bank’s net income in the quarter of December is estimated to be 1144.6 billion rupees and net interest rate revenue will be 2063.4 billion rupees.
ICICI Bank has announced that the core operating profit in the third quarter of this year has increased 13.1 % to 16,516 billion.
ICICI Bank 3rd quarterly settlement | Increased deposits and credit
As of December 31, the ICICI Bank announced that the average deposit increased 13.7 % to 1,458,489 million, and the domestic loan portfolio increased by 15.1 % to 1,282777 million.
CASA deposit
The average of financial institutions and the normal deposit (CASA) ratio improved in the third quarter of the fiscal year, 39.0 %, 38.9 % in the previous three months.
The high CASA ratio indicates that the cost of financial institutions that does not need to pay interest to the current account is low.
ICICI Bank’s quality
Civil Bank’s total assets (NPA), that is, bad debts, were 1.96 % of the total folk resources on the end of December 31, while 1.97 % in the last three months, and 2.30 in the third quarter. It was %. From 2023 to 2024.
Pure NPA was only 0.42 %, which accounts for the total loan, and was less than 0.44 % in the same period of the previous year, at the same level as in September.
Zee Business analysts anticipated the total NPA 2.0 % and pure NPA 0.4 %.
ICICI Bank Stock Price News
On Friday, the ICICI Bank stock ended with BSE with a 0.6 % higher 1,209.5 rupee.
At this level, stock prices have risen by 20.2 % in the past year, exceeding the Nifti 50 index, which rose 7.8 %, respectively, and the Nifty Bank Index.
Please read this too: HDFC Bank’s 3rd quarter result in FY2025: PAT has increased by more than 2% and has exceeded the market forecast. | SBI 3rd quarter result: Net income decreases 35% to 916.4 billion rupees
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