More Stories

Informist, Saturday, Apr. 19, 2025

By Kshipra Petkar

MUMBAI – ICICI Bank's management believes that stress in the unsecured loan book is stable, but they are yet to see it come down meaningfully. The private sector bank announced its results for the quarter and financial year ended March on Saturday. The bank's bottom line was up 18% on year at INR 126.30 in Jan-Mar.

"The unsecured book is stable but we are yet to see (the stress coming down) meaningfully, although the recent behaviour of the portfolio gives comfort," the management said. They are hoping for the stress to come down in a couple of quarters.

The personal loan book was up 4.2% on year at INR 1.22 trillion as on Mar. 31, and the credit card book was up 11.7% on year at INR 573.41 billion. The personal loan book and the credit card book form 16.9% and 8.0%, respectively. The management said there is no specific caution on the credit side.

"I think we are pretty comfortable with what we are underwriting. Of course, on personal loans and cards, as you know, we had tightened, you know, a few quarters ago and that is showing up in the volumes over the last couple of quarters and the loan growth," the bank's management said.

On Thursday, shares of the bank closed 3.7% higher at INR 1,406.70 on the National Stock Exchange.  End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.