News of economy: RBI governor’s income big statement between tariff war and results of the fourth quarter of several banks

The personal sector nation’s second largest lender ICICI Financial institution on Saturday introduced robust monetary outcomes for the fourth quarter of FY 2024-25. Its web revenue has elevated by 18 p.c to Rs 12,630 crore on an annual foundation.

The financial institution on Saturday informed the inventory market that its web revenue (NII) obtained from curiosity additionally rose 11 p.c to Rs 21,193 crore in the course of the quarter.

All through the monetary yr, ICICI Financial institution recorded a rise of 15.5 p.c in tax advantages (PAT) and it was Rs 47,227 crore.

Together with its revenue, the financial institution has additionally introduced a dividend of Rs 11 per share, which is topic to approval in its upcoming annual normal assembly. The marked worth of every share of the financial institution is 2 rupees.

ICICI Financial institution additionally recorded an enchancment in asset high quality. Its gross non-performing belongings (NPA) ratio got here to 1.67 p.c by 31 March this yr, in comparison with 1.96 p.c on the finish of the earlier quarter and a pair of.16 p.c a yr in the past.

Equally, the web NPA ratio got here to 0.39 p.c, whereas it was 0.42 p.c within the earlier quarter and the identical interval final yr.

Fully, the NPA got here to Rs 24,166.18 crore, whereas within the final quarter it was Rs 27,745.33 crore and Rs 27,961.68 crore a yr in the past.

In response to the financial institution’s submitting, in the course of the quarter, he waived loans of Rs 2,118 crore and bought loans value Rs 2,786 crore.

The supply elevated to Rs 891 crore within the fourth quarter of FY 2025 besides tax, in comparison with Rs 718 crore a yr in the past and Rs 1,227 crore within the third quarter.

The supply protection ratio of the financial institution for NPAs on the finish of March 2025 was 76.2 p.c.

The overall deposits of ICICI Financial institution elevated by 14 p.c to Rs 16.11 lakh crore until 31 March. The deposits elevated by 5.9 p.c on a quarterly foundation.

Through the January-March interval, the common deposits of the financial institution elevated by 11.4 p.c on an annual foundation and 1.9 p.c from the earlier quarter to Rs 14.87 lakh crore.

The common present account deposit elevated by 9.6 p.c on an annual foundation, whereas the common financial savings account deposits elevated by 10.1 p.c.

Previous to the fourth quarter outcomes, ICICI Financial institution’s inventory closed at Rs 1,407 on the Nationwide Inventory Trade (NSE) on Thursday at Rs 1,407.