On a standalone basis, the net profit of private lenders surged 34.2% to Rs 8,311.85 crore on a 23.9% jump in total income to Rs 33,529.26 crore in October-Decembe of FY23 over October-Decembe of FY22.

Profit before tax (PBT) stood at Rs 11,013.78 crore in October-Decembe of FY23 from Rs 8,140.95 crore in October-Decembe of FY22. Net interest income (NII) increased by 34.6% year on year (YoY) to Rs 16,465 crore in October-Decembe of FY23 as against Rs 12,236 crore recorded in the corresponding quarter previous year. The net interest margin improved to 4.65% in October-Decembe of FY23 compared to 3.96% in October-Decembe of FY22 and 4.31% in October-Decembe of FY23.
The bank’s provisions (excluding tax provision) grew 12.5% YoY to Rs 2,257 crore in October-Decembe of FY23 from Rs 2,007 crore posted in October-Decembe of FY22.

The domestic advances grew by 21.4% YoY and 4.2% in October-Decembe of FY23. Total advances increased by 19.7% YoY and 3.8% to Rs 974,047 crore in October-Decembe of FY22.

On a consolidated basis, the net profit of ICICI bank jumped 34.5% to Rs 8,792.42 crore on a 20% rise in total income to Rs 48,088.94 crore in October-Decembe of FY23 over October-Decembe of FY22.

In India, ICICI Bank is a leading private-sector bank. Overall, 5,718 branches and 13,186 ATMs till December 2022.

On BSE, ICICI Bank’s shares were up 0.59% to trade at Rs 875.55.