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ICICI Bank Q2 net profit rose to Rs 12,359 crore, beating estimates, driven by lower provisions and strong core performance.
ICICI Bank Makes ICICI Securities Its Wholly-Owned Subsidiary
ICICI Bank Q2: ICICI Bank on Saturday had reported a net profit at Rs 12,359 crore, higher than CNBC-TV18 poll of Rs 11,933 crore. The growth is aided by sharply lower provisions and strong core operating performance.
ICICI Bank reported a net interest income (NII) of Rs 21,529 crore, marking a 7% YoY rise and broadly meeting expectations, driven by strong loan growth and stable margins.
Net interest margins (NIMs) fell slightly by 4 basis points sequentially to 4.30%, outperforming Street estimates of a 14-bp decline, highlighting prudent balance sheet management and steady funding costs.
ICICI Bank’s pre-provision operating profit (PPOP) fell 8% QoQ to Rs 17,298 crore, impacted by lower treasury gains, though core operating momentum stayed strong. Non-interest income, excluding treasury, rose 13.2% YoY to Rs 7,356 crore, cushioning the steep 68% YoY drop in treasury income to Rs 220 crore from Rs 680 crore.
Provisions declined 50% QoQ to Rs 914 crore, supporting a profit beat. Asset quality further improved, with gross NPAs easing to 1.58% (from 1.67%) and net NPAs to 0.39% (from 0.41%).
ICICI Securities Becomes Wholly-Owned Subsidiary
During FY2025, pursuant to the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and their respective shareholders (‘the Scheme’), ICICI Securities Limited has been delisted from stock exchanges on March 24, 2025 and became a wholly-owned subsidiary of the Bank.
The Bank issued 56,008,117 equity shares of the Bank of face value at 2 each in accordance with the Scheme to the public shareholders of ICICI Securities Limited. In accordance with the Scheme, the Bank recognised a securities premium at Rs 6,887.60 crore based on the market price of equity shares (at effective date) of the Bank. Further, pursuant to the Scheme, the Bank granted 2,960,270 options and 618,910 units to the employees of ICICI Securities Limited.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 19, 2025, 13:17 IST
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