The sale will be made to a listed entity outside of the ICICI Group. The transaction is expected to be completed by September 30, 2025. NIIT-IFBI, a key player in providing financial and banking training, reported revenue from operations of ₹56.67 crore for the fiscal year 2024. The company’s net worth stood at ₹21.93 crore as of March 31, 2024.
ICICI Bank expects to receive consideration ranging from ₹4.7 crore to ₹6.58 crore from the sale. The buyer of the shares is NIIT Limited, a prominent global digital talent development company. Notably, NIIT Limited is not affiliated with the promoter or group companies of ICICI Bank.
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ICICI Bank reported a 15.7% jump in the March quarter consolidated net profit at ₹13,502 crore. On a standalone basis, the second-largest private sector lender’s net profit for the January-March quarter came at ₹12,630 crore, up 18%, as against ₹10,708 crore in the year-ago period.
The core net interest income moved up 11% to ₹21,193 crore, from the year-ago period’s ₹19,093 crore. The non-interest income, excluding treasury, increased 18.4% to ₹7,021 crore. Provisions came at ₹891 crore in the March quarter, as against ₹718 crore in the year-ago period. The gross non-performing assets ratio improved to 1.67% at the end of March 2025, from 1.96% in December 2024.
Shares of ICICI Bank Ltd ended at ₹1,406.65, up by ₹49.90, or 3.68%, on the BSE.
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First Published: Apr 19, 2025 8:11 PM IST
