ICICI Bank Q1 Profit Surges to ₹14,800 Cr, Asset Quality Steadies

$ICICIBANK - ICICI Bank reported a robust Q1 standalone net profit of ₹14,800 Cr, up 16% YoY from ₹12,770 Cr and comfortably beating estimates of ₹13,600 Cr. 🔍 Asset Quality Shows Stability - Gross NPA ratio improved slightly to 1.38% from 1.40% in the previous quarter. - Net NPA also edged down to 0.35% from 0.37% QoQ, reflecting continued focus on credit quality. ⚡ Provisions Rise Amid Caution - Provisions (excluding tax) and contingencies jumped to ₹1,260 Cr from ₹96 Cr last quarter, signaling a prudent approach amid macro uncertainties. - The bank’s strong profit growth alongside stable asset quality offers confidence, though elevated provisions suggest cautious risk management.