ICICI Bank Q3 Financial Highlights

ICICI Bank has announced a significant 14.8% year-on-year increase in its profit after tax, reaching Rs 11,792 crore for the quarter ending December 31, 2024. This marks a notable rise from Rs 10,272 crore in the same quarter of the previous year. Sequentially, the bank's profit saw a 1.8% increase from Rs 11,585 crore in Q2-2025.

Driving Factors Behind the Growth

The growth in profit was primarily driven by higher net interest income and fee earnings. A robust 15.1% increase in loans, particularly in the business banking sector, further supported this growth. On a consolidated basis, ICICI Bank's profit after tax surged by 16.6% year-on-year to Rs 12,883 crore in the Oct-Dec 2024 period.

Strategic Insights from ICICI Bank's Leadership

"Our mid-market segment has grown by approximately 30% over the last couple of years. The formalization of this segment, especially with the introduction of GST, has opened up numerous opportunities beyond the top cities," stated Sandeep Batra, Executive Director at ICICI Bank.

Subsidiaries' Performance

ICICI Bank's subsidiaries also showcased strong performances, contributing to the bank's overall growth and success in the quarter.