ICICI Bank December Quarter Results: Private sector ICICI Bank’s net profit on consolidated basis for the October-December 2024 quarter increased by 16.5 percent year-on-year to Rs 12883.37 crore. The bank’s profit in the same quarter a year ago was Rs 11052.60 crore. Income on consolidated basis increased by 25.4 percent to Rs 74626.56 crore compared to a year ago. It was Rs 59,479.76 crore in the December 2023 quarter.
The bank has informed the stock exchanges that it earned interest of Rs 47,037.12 crore on a consolidated basis in the December 2024 quarter. A year ago this figure was Rs 40,865.23 crore.
ICICI Bank’s profit on standalone basis increased by nearly 15 percent to Rs 11,792.42 crore in the December quarter. A year ago it was Rs 10,271.54 crore. Income stood at Rs 48,367.87 crore, which was Rs 42,791.64 crore in the December 2023 quarter.
Deposits and Advances
On a consolidated basis, deposits in the bank increased to Rs 1,551,165.62 crore in the December 2024 quarter, from Rs 1,366,842.09 crore a year ago. Advances increased to Rs 1,397,265.27 crore from Rs 1,229,198.02 crore in the December 2024 quarter.
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ICICI Bank shares strengthened by 21 percent in one year
ICICI Bank shares closed at Rs 1209.45 on BSE on Friday, January 24. The market cap of the bank is Rs 8.53 lakh crore. The stock has gained 21 percent in the last one year, while it has fallen 6 percent so far in the month of January. The face value of the share is Rs 2. The stock had created a 52-week high of Rs 1,361.35 on September 20, 2024 on BSE. 52 week low of Rs 985.15 seen on 12 February 2024.