ICICI Bank Q1 results: ICICI Bank posts 15.5% rise in net profit at Rs 13,558 crore; NII up 10.6% – OXBIG NEWS NETWORK-OxBig News Network

ICICI Bank on Saturday reported a 15.9% year-on-year rise in consolidated net profit to Rs 13,558 crore for the quarter ended June 2025, compared to Rs 11,696 crore in the corresponding quarter last year.On a standalone basis, the private sector lender posted a net profit of Rs 12,768 crore, marking a 15.5% increase from Rs 11,059 crore in the year-ago period, PTI reported.The bank’s core net interest income (NII) rose 10.6% to Rs 21,635 crore, backed by 12% growth in domestic loans. However, net interest margin (NIM) slipped to 4.34% from 4.41% in the previous quarter, reflecting pressure on lending spreads.“We do expect the NIMs to sort of compress a little more in the next quarter,” said Executive Director Sandeep Batra, adding that the margin trajectory will depend on the RBI’s policy moves and liquidity in the system.Other income, excluding treasury gains, grew 13.7% to Rs 7,264 crore.The lender slowed expansion in high-risk segments like credit cards and personal loans, limiting growth to just over 1% in each, after consistently clocking over 20% in previous quarters. Batra attributed the moderation to overall market trends and recalibrated credit norms. Corporate loan growth also lagged expectations due to competitive pricing pressures.Fresh slippages came in at Rs 6,245 crore, slightly higher than the year-ago level, but the bank said it remained confident about asset quality. Provisions excluding taxes rose to Rs 1,815 crore from Rs 1,332 crore.Gross non-performing assets (GNPA) improved to 1.67% as of June 30, down from 2.15% a year earlier.Batra said the bank is optimistic about the macroeconomic outlook. “We expect the economy to fare better in the second half of the fiscal year, and the banking system will be a beneficiary of this as credit demand increases,” he said.The lender’s deposits grew 12.8% year-on-year, while its branch network expanded to 7,066 branches with the addition of 83 new locations in the quarter.ICICI Bank’s capital adequacy ratio stood at 16.97%, with core capital over 16%. Batra said there is no immediate plan to raise capital.Among group entities, ICICI Prudential Life Insurance posted a PAT of Rs 302 crore, up from Rs 225 crore a year ago, ICICI Lombard General Insurance recorded a 29% jump in PAT to Rs 747 crore, and ICICI Securities saw a decline in net profit to Rs 391 crore from Rs 527 crore.