ICICI Bank announced Q3FY24 results: Profit Before Tax: The profit before tax excluding treasury grew by 23.4% YoY to Rs 13,551 crore in Q3FY24. Core Operating Profit: ICICI Bank witnessed a core operating profit growth of 10.3% YoY to Rs 14,601 crore in Q3FY24. Net Interest Income (NII): NII increased by 13.4% YoY to Rs 18,678 crore in Q3FY24. Non-Interest Income: Excluding treasury income, non-interest income increased by 19.8% YoY to Rs 5,975 crore in Q3FY24. Advances & Loan Portfolio: Total net domestic advances reported a growth of 18.8% YoY, with the retail loan portfolio growing by 21.4%. Deposits: Total period-end deposits grew by 18.7% YoY to Rs 13,32,315 crore at the end of December 2023. Asset Quality: The gross NPA ratio declined to 2.30% and the net NPA ratio was recorded at 0.44% at the end of December 2023. Capital Adequacy: The total capital adequacy ratio including profits for 9M-2024 was 16.70% with a CET-1 ratio of 16.03%. Consolidated Profit After Tax: The consolidated profit after tax grew by 25.7% YoY to Rs 11,053 crore in Q3FY24. Subsidiaries and Associates Performance: Key subsidiaries like ICICI Prudential Life Insurance and ICICI Lombard General Insurance Company reported profits and growth in their respective businesses. Result PDF
Conference Call with ICICI Bank Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Sandeep Bakhshi