ICICI Bank board recommends Rs 11 dividend following Q4 results

ICICI Bank board has really useful a dividend of Rs 11 per share for the monetary 12 months 2024-25, following a sturdy monetary efficiency within the fourth quarter. The financial institution’s board really useful the dividend after reporting a powerful 18% year-on-year development in standalone web revenue, which rose to Rs 12,630 crore for the January-March quarter, in comparison with Rs 10,708 crore in the identical interval final 12 months.
On a consolidated foundation, the web revenue elevated by 15.7%, reaching Rs 13,502 crore. This development was supported by a gentle rise in lending and wholesome web curiosity revenue. The financial institution’s core web curiosity revenue (NII) rose 11% year-on-year to Rs 21,193 crore, pushed by a 13.3% improve within the mortgage e book and a marginal growth within the web curiosity margin (NIM) to 4.41%, up from 4.40% within the year-ago interval.
However, the financial institution signalled that margins could face some strain within the close to time period because of anticipated charge cuts by the Reserve Bank of India.
Executive Director Sandeep Batra famous that 53% of the financial institution’s mortgage portfolio is linked to the repo charge, and full transmission of decrease charges is predicted inside three months. He additionally stated the financial institution will proceed exploring methods to reinforce margins by means of a refined mortgage product combine.
Batra highlighted that the financial institution, like others within the sector, had slowed down on unsecured lending following RBI tips. This led to a deceleration in bank card and private mortgage development, impacting total retail credit score momentum. He stated retail asset slippages stood at Rs 4,300 crore for the quarter and acknowledged that delinquencies in unsecured loans, which now type 13% of the financial institution’s e book, remained elevated over the previous 12 months.
On the deposit facet, the share of present and financial savings accounts (CASA) remained regular at 38.4%, and complete deposits grew by 14%. The financial institution additionally introduced plans so as to add 400 new branches within the coming 12 months. To align with the altering rate of interest surroundings, ICICI Bank lately lower its financial savings account charge by 0.25 share factors.
The financial institution’s non-interest revenue, excluding treasury positive aspects, rose 18.4% to Rs 7,021 crore, whereas provisions for the quarter got here in at Rs 891 crore, up from Rs 718 crore a 12 months in the past. Asset high quality additionally improved, with the gross non-performing asset (GNPA) ratio falling to 1.67% on the finish of March, in comparison with 1.96% in December 2024.
ICICI Bank’s capital adequacy ratio was sturdy at 16.55%, with core fairness capital (CET-1) at 15.94% as of March 31, 2025, making certain a stable buffer for future development and stability.
Among its subsidiaries, the financial institution’s life insurance coverage arm posted a revenue of Rs 1,189 crore, up from Rs 852 crore within the earlier 12 months. The normal insurance coverage enterprise reported a 30% rise in web revenue to Rs 2,508 crore, and the asset administration arm noticed a 29% improve, with earnings reaching Rs 2,651 crore.