ICICI Bank (IBN) Q1 Earnings Rise Y/Y as NII, Fee Income Grow

ICICI Bank Ltd.'s (IBN) net income for the first quarter of fiscal 2025 (ended Jun 30, 2024) was INR 110.6 billion ($1.32 billion), up 14.6% from the prior-year quarter. Results were driven by a rise in net interest income (NII), non-interest income, and growth in loans and deposits. However, higher operating expenses and provisions were the undermining factors. NII & Fee Income Improve, Expenses Rise NII grew 7.3% year over year to INR 195.5 billion ($2.34 billion). The net interest margin was 4.36%, down ...