India's ICICI Bank reports 15.5% profit growth in Q1 helped by higher core lending income
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2025
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Source: Reuters
ICICI Bank's Quarterly Performance: ICICI Bank reported a 15.5% increase in standalone net profit to 127.68 billion Indian rupees for the April-to-June quarter, exceeding analyst expectations, driven by strong loan growth, particularly a 29.7% rise in business loans.
Asset Quality and Provisions: The bank's asset quality improved with a gross non-performing assets ratio of 1.67%, while provisions for bad loans increased by 36.2% year-on-year to 18.15 billion rupees, reflecting cautious lending practices amidst industry-wide credit slowdowns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
