ICICI Bank(IBN) - 2024 Q4 - Annual Report

Financial Performance - For the fiscal year 2025, ICICI Bank reported total income of ₹191,770.48 crore, an increase of 15.6% from ₹165,848.71 crore in FY2024[11] - The net profit for the year ended March 31, 2025, was ₹47,226.99 crore, up 15.4% from ₹40,888.27 crore in FY2024[11] - The bank's earnings per share (EPS) for FY2025 was ₹67.01, compared to ₹58.38 in FY2024, marking a growth of 14.0%[11] - Profit before taxes for FY2025 was ₹62,616.20 crore, a 14.1% increase compared to ₹54,487.83 crore in FY2024[18] - Operating profit before provisions and contingencies for FY2025 was ₹77,759.31 crore, a 21.3% increase from ₹64,146.77 crore in FY2024[40] - Consolidated profit after tax increased by 15.7% year-on-year to ₹13,502 crore (US$ 1.6 billion) in Q4-2025[101] Asset Quality - The gross non-performing assets (NPA) ratio decreased to 1.67% as of March 31, 2025, down from 2.16% in the previous year[11][12] - The bank's net worth as of March 31, 2025, was ₹282,055.56 crore, an increase from ₹227,933.46 crore in the previous year[11] - The company reported a provision for non-performing assets of ₹4,127.25 crore for FY2025, compared to ₹963.57 crore in FY2024[44] - The net NPA ratio declined to 0.39% at March 31, 2025 from 0.42% at December 31, 2024[96] - The gross NPA ratio improved to 1.67% at March 31, 2025 compared to 1.96% at December 31, 2024[96] Capital and Liabilities - The bank's capital adequacy ratio (Basel III) improved to 16.55% as of March 31, 2025, compared to 16.33% a year earlier[11] - Total capital and liabilities increased to ₹2,118,239.97 crore as of March 31, 2025, up from ₹2,013,343.13 crore on December 31, 2024, representing a growth of 5.2%[16] - Total capital and liabilities as of March 31, 2025, stand at ₹21,18,240 crore, up from ₹18,71,515 crore as of March 31, 2024, marking a growth of approximately 24.8%[109] Deposits and Funding - Deposits rose to ₹1,610,348.02 crore, an increase of 5.9% from ₹1,520,308.75 crore in the previous quarter[16] - Total deposits increased to ₹1,641,637.40 crore in March 2025, up from ₹1,443,579.95 crore in March 2024, representing a growth of 13.7%[42] - The bank plans to raise up to ₹250 billion through debt securities and up to USD 1.50 billion in overseas markets for a period of one year[6] Revenue Segments - Retail Banking segment revenue for Q4-2025 was ₹40,617.66 crore, up from ₹36,409.82 crore in Q4-2024, indicating a year-over-year increase of about 11.9%[35] - Digital Banking revenue within the Retail Banking segment for Q4-2025 was ₹10,724.74 crore, up from ₹9,420.47 crore in Q4-2024, showing an increase of approximately 13.8%[36] - Non-interest income for FY2025 is ₹26,603 crore, an increase from ₹22,949 crore in FY2024, reflecting a growth of about 16.0%[107] Shareholder Returns - The board approved a dividend of ₹11 per equity share, subject to approval at the upcoming Annual General Meeting[7] - The Board has recommended a dividend of ₹11 per share for FY2025, subject to requisite approvals[100] Subsidiaries and Investments - ICICI Securities Limited was delisted and became a wholly-owned subsidiary of the Bank, with a securities premium recognized of ₹6,887.60 crore based on market price[8] - ICICI Lombard General Insurance Company Limited and I-Process Services (India) Private Limited became wholly-owned subsidiaries of the Bank in 2024, affecting the comparability of consolidated results for FY2025[10] Financial Reporting and Compliance - ICICI Bank's consolidated annual financial results for the year ended March 31, 2025, are presented in accordance with the Listing Regulations and provide a true and fair view of the financial position[67] - The audit opinion confirms that the standalone financial results give a true and fair view in conformity with the recognition and measurement principles laid down in applicable accounting standards[55] - The statutory auditors issued an unmodified opinion on the standalone and consolidated financial statements for FY2025[88] Future Outlook - The bank continues to enhance the use of technology in its operations to provide simplified solutions to customers[93] - The bank's future growth prospects may be affected by various risks including regulatory changes and economic conditions, as outlined in their forward-looking statements[111]