ICICI Bank Ltd (IBN) reports a robust 14.8% increase in profit after tax, despite facing hurdles in its overseas operations.

ICICI Bank, India's second-largest private lender by assets, reported higher quarterly profit on Saturday, helped by healthy loan growth and net interest income, although its lending margins shrank. The bank's standalone net profit rose 14.

ICICI bank clocked a 15 per cent increase in the net profit at Rs 11,792.42 crore in Q3 of FY25, in comparison to Rs 10,271.54 crore logged in the corresponding quarter a year earlier.

The bank expects NIMs to remain stable in the near term but the margins may come under pressure after the rate cut by the Reserve Bank of India.

The lender reported a net interest income of Rs 20,370.6 crore, reflecting a 9.1% increase from Rs 18,678 crore in the previous year.

ICICI Bank reported a 15% increase in standalone net profit in Q3, driven by core income growth. Net profit rose from Rs 10,272 crore to Rs 11,792 crore, while total income increased to Rs 48,368 crore.

ICICI Bank's profit after tax increased by 14.8% year-on-year to Rs 11,792 crore for Q3-2024, driven by higher net interest income, fee earnings and a

ICICI Bank's net interest margin for the third quarter of FY25 stood at 4.25%, marginally lower than the previous quarter's 4.27% and much lower than the 4.43% reported in Q3 of FY24. The bank also kept its net NPA ratio steady at 0.42%.

ICICI Bank reports 15% rise in net profit, stable core income, healthy funding profile, and strong loan growth.