ICICI Bank Proves Resilient with 15% Growth in Q3 Net Profit
In a tumultuous economic landscape, ICICI Bank has emerged as a beacon of stability, showcasing a robust 15% rise in its net profit for the third quarter of the fiscal year. The bank reported a profit after tax of Rs 11,792 crore for the quarter ending on December 31, 2024, a substantial increase from Rs 10,272 crore in the same period last year. This growth trajectory continued sequentially, with a 1.8% uptick from Rs 11,585 crore in the second quarter of 2025.
Driving this impressive performance was a combination of higher net interest income and fee earnings, bolstered by a remarkable 15.1% surge in loans primarily attributed to business banking. On a consolidated basis, ICICI Bank’s profit after tax soared by 16.6% year-on-year to Rs 12,883 crore in the October-December 2024 period, up from Rs 11,053 crore in the corresponding quarter of the previous fiscal year.
Subsidiaries of ICICI Bank also delivered commendable results, underscoring the institution’s resilience and adaptability in an ever-evolving financial landscape. The bank’s unwavering commitment to innovation and customer-centricity has evidently paid off, positioning it as a frontrunner in the banking sector.
Expert Insight: Sandeep Batra, Executive Director of ICICI Bank, shed light on the bank’s strategic focus on the mid-market segment. “We grew our mid-market segment by 30% over the past few years. With this segment becoming more formalized, we are witnessing a plethora of opportunities. The introduction of GST has been a significant driver, opening up avenues beyond metropolitan cities,” remarked Batra.
As the financial sector continues to navigate challenges and seize opportunities in a dynamic environment, ICICI Bank’s performance stands as a testament to its resilience, adaptability, and unwavering commitment to excellence. With a steadfast focus on customer needs and innovative solutions, the bank is well-positioned to drive sustainable growth and deliver value to its stakeholders.
In conclusion, ICICI Bank’s remarkable 15% growth in net profit for the third quarter of the fiscal year underscores its strong fundamentals and strategic vision. As the banking landscape evolves, the bank’s ability to innovate, adapt, and capitalize on emerging opportunities will undoubtedly solidify its position as a leader in the industry.
