ICICI Bank Reports Robust Q1 Growth

ICICI Bank has announced a significant 15.4% increase in its standalone net profit, reaching Rs 12,768 crore for the quarter ending June 30, 2025. This growth is attributed to a broad-based income expansion, despite facing higher provisions.

Strategic Acquisition to Boost Pension Fund Management

In a strategic move, ICICI Bank's board has approved the acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Ltd (ICICI PFM) for Rs 203.5 crore. This acquisition aims to enhance synergies and expand the bank's footprint in the pension fund management sector, pending regulatory approvals.

Income and Expenditure Highlights

The bank's total income saw an 11.8% year-on-year increase to Rs 51,452 crore, with interest income growing by 10.1% to Rs 42,947 crore. Other income also climbed by 21.5% to Rs 8,505 crore, supported by higher fees and treasury-related gains. On the expenditure side, interest costs and operating expenses rose by 9.6% and 8.2% respectively.

Financial Health and Future Prospects

ICICI Bank's capital adequacy ratio under Basel III improved to 16.31%, with gross NPA ratio decreasing to 1.67% and net NPA to 0.41%. These figures underscore the bank's strong financial health and its readiness for future growth.