Private sector lenders ICICI Bank and HDFC Bank have reported strong profit growth for the quarter ending March 2025, reflecting improved asset quality, robust advances and a rise in net interest income.
ICICI Bank posted an 18 per cent year-on-year rise in net profit, reaching ₹12,630 crore in Q4 FY2025, up from ₹10,708 crore during the same quarter last year.
For the full financial year 2025, ICICI’s profit after tax rose 15.5 per cent to ₹47,227 crore, compared to ₹40,888 crore in FY2024. The lender’s net interest income (NII) in the March quarter stood at ₹21,193 crore, marking an 11 per cent increase from ₹19,093 crore in the year-ago period.
The bank’s net interest margin (NIM) stood at 4.41 per cent for the March quarter, slightly higher than 4.4 per cent in the same quarter of FY2024. On an annual basis, NIM was recorded at 4.32 per cent in FY2025.
ICICI Bank reported treasury gains of ₹239 crore in the quarter, a turnaround from a treasury loss of ₹281 crore in Q4 FY2024.
The lender also demonstrated notable asset quality improvement. Gross non-performing asset (NPA) ratio fell to 1.67 per cent as of 31 March 2025, compared to 2.16 per cent a year earlier. Net NPA ratio stood at 0.39 per cent, a slight dip from 0.42 per cent.
During Q4 FY2025, gross NPA additions were ₹5,142 crore, while recoveries and upgrades, excluding write-offs and sales, totalled ₹3,817 crore. Net domestic advances grew by 13.9 per cent year-on-year, with the retail loan portfolio rising by 8.9 per cent.
Meanwhile, HDFC Bank posted a 6.7 per cent rise in standalone profit after tax to ₹17,616.14 crore in the March 2025 quarter, up from ₹16,511.85 crore in the same period last year.
The bank’s profit after tax for the financial year ending 31 March 2025 stood at ₹67,350 crore, an increase of 10.7 per cent over FY2024.
Net interest income rose 10.3 per cent to ₹32,070 crore, compared to ₹29,080 crore in the corresponding quarter of the previous fiscal. HDFC Bank’s NIM stood at 3.54 per cent on total assets and 3.73 per cent based on interest-earning assets.
Other income for the quarter, primarily comprising fees, commissions, foreign exchange and trading revenue, stood at ₹12,030 crore.
Retail loans grew by 9 per cent, commercial and rural banking loans expanded by 12.8 per cent, while corporate and other wholesale loans saw a contraction of 3.6 per cent.
Total deposits of the bank stood at ₹27,14,700 crore at the end of the March quarter.
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