ICICI Bank, the second-largest private lender, posted a consolidated profit of Rs 13,357 crore for the quarter, representing a 3.2 per cent growth from Rs 12,948 crore in the year-ago period. On a standalone basis, the bank's profit rose 5.2 per cent to Rs 12,359 crore from Rs 11,746 crore last year. ICICI Bank's core operating strength showed through in its net interest income, which grew 7.4 per cent year-on-year to Rs 21,529 crore from Rs 20,048 crore. The bank maintained a healthy net interest margin of 4.30 per cent, though slightly down from 4.36 per cent a year earlier. This margin compression reflects the competitive pressure on lending rates in the banking sector. Credit growth remained robust at ICICI Bank, with domestic net advances expanding 10.6 per cent year-on-year and 3.3 per cent sequentially. The retail loan portfolio, which includes home loans, personal loans, and vehicle financing, grew 6.6 per cent annually and now comprises 52.1 per cent of the total loan book. Total deposits increased 7.7 per cent year-on-year to Rs 16.13 lakh crore. Results are below expectations. All this is for information This is not a buy/sell recommendation. Thank you, Technofunda24

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