ICICI Bank Q1 Results: Profit Up 14.6%

ICICI Bank Ltd.'s profit rose in the first quarter of fiscal 2025, meeting analyst estimates.

Total advances increased by 15.7% year-on-year to Rs 12.23 lakh crore. Domestic loan portfolio grew by 15.9% year-on-year to Rs 11.88 lakh crore. The retail loan portfolio grew by 17.1% year-on-year and 2.4% sequentially, and comprised 54.4% of the total loan portfolio. The domestic corporate portfolio grew by 10.3% from last year. The business banking portfolio grew by 35.6%, while the rural portfolio grew by 16.9% from a year ago.

Total period-end deposits increased by 15.1% year-on-year to Rs 14.26 lakh crore. Average deposits increased by 17.8% year-on-year to ₹ 13.78 lakh crore.