Core Insights - The Reserve Bank of India (RBI) directive relates to a portfolio of agricultural priority sector credit facilities, with no change in asset classification or borrower terms [1] - ICICI Bank reported a profit before tax excluding treasury of INR 149.57 billion, a decrease from INR 152.89 billion year-over-year, and profit after tax of INR 113.18 billion, down from INR 117.92 billion [1] - Core operating profit increased by 6% year-over-year to INR 175.13 billion, with total provisions for the quarter at INR 25.56 billion, including an additional standard asset provision of INR 12.83 billion [2][3] Financial Performance - Adjusted profit before tax excluding treasury would have risen approximately 6.2% year-over-year to INR 162.40 billion, and profit after tax would have increased 4.1% year-over-year to INR 122.80 billion [5][6] - Net interest income rose 7.7% year-over-year to INR 219.32 billion, with a net interest margin of 4.3% [13] - Non-interest income excluding treasury increased 12.4% year-over-year to INR 75.25 billion, with fee income rising 6.3% year-over-year to INR 65.72 billion [15] Credit Quality and Provisions - The net NPA ratio was reported at 0.37%, with provisioning coverage at 75.4% and contingency provisions of INR 131 billion [4][17] - Gross NPA additions were INR 53.56 billion, down from INR 60.85 billion a year earlier, with recoveries and upgrades amounting to INR 32.82 billion [18] - Management noted that the outstanding loans to non-banking financial companies (NBFCs) and housing finance companies (HFCs) were INR 791.18 billion, representing about 4.3% of advances [20] Growth Metrics - Average deposits grew 8.7% year-over-year, with total deposits up 9.2% year-over-year [7] - Domestic loan portfolio grew 11.5% year-over-year, with retail loans increasing 7.2% and business banking loans growing 22.8% [9] - The bank's capital ratios remained strong, with a CET1 ratio of 16.46% and total capital adequacy ratio of 17.34% [21]