In the corresponding quarter of the previous fiscal, ICICI Bank posted a net profit of ₹10,707 crore, the bank said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹11,956.4 crore for the quarter under review.
Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased 11%, coming at ₹21,193 crore against ₹19,092.8 crore in the corresponding quarter of FY24. The CNBC-TV18 poll had predicted a Net interest income of ₹20,853.6 crore for the quarter under review.
Asset quality
Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 3,817 crore in Q4-2025 compared to ₹3,392 crore in Q3-2025. The net additions to gross NPAs, excluding write-offs and sales, were ₹ 1,325 crore in Q4-2025 compared to ₹ 2,693 crore in Q3-2025.
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The bank has written off gross NPAs amounting to ₹2,118 crore in Q4-2025. There was the sale of NPAs of ₹2,786 crore in Q4-2025, which consists of ₹1,605 crore of security receipts and ₹ 314 crore (US$ 37 million) in cash. The Bank continues to hold 100% provisions against these security receipts. The provisioning coverage ratio on non-performing loans was 76.2% as of March 31, 2025.
The gross non-performing asset (GNPA) stood at 1.67% in the March quarter against 1.96% in the December quarter. Net NPA came at 0.39% against 0.42% quarter-on-quarter. In monetary terms, gross NPA stood at ₹24,166.2 crore against ₹27,745.3 crore quarter-on-quarter, whereas net NPA came at ₹5,589.4 crore against ₹5,897.8 crore quarter-on-quarter.
The board has recommended a dividend of ₹11 per share (equivalent to a dividend of $0.26 per ADS) in line with applicable guidelines. The declaration of dividends is subject to requisite approvals. The record/book closure dates will be announced in due course.
Deposit growth
Total period-end deposits increased by 14.0% year-on-year and 5.9% sequentially to ₹16,10,348 crore at March 31, 2025. Average deposits increased by 11.4% year-on-year and 1.9% sequentially to ₹14,86,635 crore in Q4-2025.
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Average current account deposits increased by 9.6% year-on-year and 1.4% sequentially in Q4-2025. Average savings account deposits increased by 10.1% year-on-year and 0.2% sequentially in Q4-2025. With the addition of 241 branches during Q4-2025, the Bank had a network of 6,983 branches and 16,285 ATMs & cash recycling machines as of March 31, 2025.
Capital adequacy
The bank’s total capital adequacy ratio at March 31, 2025, was 16.55%, and CET-1 ratio was 15.94% after reckoning the impact of the proposed dividend compared to the minimum regulatory requirements of 11.70% and 8.20%, respectively.
ICICI Prudential Life Insurance
The annualised premium equivalent of ICICI Life was ₹10,407 crore in FY2025 compared to ₹9,046 crore in FY2024. Value of New Business (VNB) of ICICI Life was ₹ 2,370 crore in FY2025 compared to ₹2,227 crore in FY2024. The VNB margin was 22.8% in FY2025 compared to 24.6% in FY2024. The profit after tax was ₹1,189 crore in FY2025 compared to ₹ 852 crore in FY2024 and was ₹ 386 crore in Q4-2025 compared to ₹ 174 crore in Q4-2024.
ICICI Lombard General Insurance Company
The Gross Direct Premium Income (GDPI) of ICICI General was ₹24,776 crore in FY2024 compared to ₹26,833 crore in FY2025. The combined ratio stood at 102.8% in FY2025 compared to 103.3% in FY2024. Excluding the impact of CAT losses of ₹94 crore in FY2025 and ₹ 137 crore in FY2024, the combined ratio was 102.4% and 102.5%, respectively.
The profit after tax of ICICI General grew by 30.7% to ₹2,508 crore in FY2025 compared to ₹1,919 crore (US$ 225 million) in FY2024. The profit after tax of ICICI General was ₹510 crore in Q4-2025 compared to ₹ 519 crore in Q4-2024.
The results came after the close of the market hours. On Thursday (April 17), shares of ICICI Bank Ltd ended at ₹1,406.65, up by ₹49.90, or 3.68% on the BSE.
