MUMBAI: ICICI Bank reported a 14.8% year-on-year rise in profit after tax to Rs 11,792 crore for quarter ended Dec 31, 2024, compared to Rs 10,272 crore in Q3-2024. Sequentially, profit increased 1.8% from Rs 11,585 crore in Q2-2025. The growth was driven by higher net interest income and fee earnings, supported by a 15.1% increase in loans led by business banking.
On a consolidated basis, ICICI Bank's profit after tax increased by 16.6% year-on-year to Rs 12,883 crore in the Oct-Dec 2024 period, up from Rs 11,053 crore in the same quarter of last fiscal.
"We grew our mid-market segment in the range of 30% for the last couple of years. With this segment getting formalised, we are seeing plenty of opportunities here. One of the big drivers has been the introduction of GST and the opportunities here go beyond the top cities," said Sandeep Batra, ED, ICICI Bank.
ICICI Bank's subsidiaries also reported strong performances.
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