How ICICI Bank posts 25 pc profits

ICICI Bank which once was trailing with losses and loss of image has posted a whopping 25 per cent profits of Rs 6,194 crore in the third quarter ending December 2021. Its net interest income rose by 23 per cent, to Rs 12,236 crore during the period, for which results were announced on Saturday, January 22.

It is not that the bank hasn’t made any provision for non-performing assets (NPA), which stood at Rs 4,018 crore, but this is surpassed by recoveries – Rs 4,200 crore. The bank has improved its recovery capacity and reduced the loan risk by avoiding political or otherwise pressures while issuing loans. This is the formula of success of any bank on the profits path.

ICICI Bank’s business loans rose by 39 per cent, a clean improvement while its lending to small and medium enterprises (SMEs) went up by 34 per cent. The Covid pandemic has seen spurt in SMEs as most of them came in healthy areas like digital expansion or green ventures. With these results, ICICI Bank stood in the league of profit making banks like HDFC.

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at