Icici bank: Private sector bank ICICI announced on Saturday that the bank’s board of directors have approved the selling of their entire 18.8 percent stake in its ally institute of Finance Banking and Insurance Training Limited (NIIT-IFBI).

Bank will get so much crore rupees from sales

The deal will be done with a second listed company outside the ICICI group. This process of transactions is expected to be completed by September 30, 2025. NIIT-IFBI is an institution providing professional training for a banking, finance and insurance sector, with an operational revenue of Rs 56.67 crore in FY 2024. As of March 31, 2024, the company’s total net worth was Rs 21.93 crore.

ICICI Bank is expected to get from this sale to Rs 4.7 crore to Rs 6.58 crore. The buyer of the shares is Global Talent Development Company NIIT. That is, this unit will be owned by NIIT Limited after sales. Let us know that NIIT Limited is not related to the promoter or group companies of ICICI Bank.

Bank’s spectacular performance in March quarter

The bank announced selling its stake in NIIT-IFBI at a time when the bank announced a strong performance in the March quarter. The bank said on Saturday that its consolidated net profit in the March quarter stood at Rs 13,502 crore with a jump of 15.7 percent. On Standalone Bay, the net profit of this second largest private bank in the country for the January-March quarter was Rs 12,630 crore, which is more than 10,708 crore in the previous year.

The bank’s earnings from interest increased by 11 percent to Rs 21,193 crore, which was Rs 19,093 crore in the same quarter of a year ago. Except the Treasury, the bank’s non-interest income increased by 18.4 percent to Rs 7,021 crore. At the same time, the gross NPA ratio also improved to 1.67 percent, which was 1.96 percent in December. After a spectacular performance in the fourth quarter, the bank’s board has recommended a dividend of Rs 11 per share for the financial year 2024-25.

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Icici bank: The board of ICICI Bank of the private sector has recommended a dividend of Rs 11 per share for the financial year 2024-25 after a spectacular performance in the fourth quarter. However, regulatory approval including shareholders is yet to be taken. A record date for dividend has not been announced yet.

The bank announced the results of the fourth quarter of FY 2024-25 on Saturday. During this time, the board of the bank said that its net profit on standalone basis has increased by 18 percent to Rs 12,630 crore. Whereas a year ago it was Rs 10,708 crore.

Total income increased so much throughout the financial year

At the same time, the bank’s net profit on the consolidated basis during the March quarter has reached Rs 13,502 crore with a gain of 15.7 percent. Pure income received from the bank’s interest (NII) 11 percent has increased to Rs 21,193 crore. On an annual basis, the total income has increased by 14 percent to Rs 49,690.87 crore, which was Rs 43,597.14 crore a year ago. Whereas in the entire financial year 2025, the bank’s total income increased to 191,770.48, which was Rs 165,848.71 crore a year ago.

Repo rate may have an impact on margin

However, during this time the bank indicated that the Reserve Bank of India may face some pressure on the margin in the near future due to the possibility of cutting interest rates. According to the TOI report, the bank’s executive director Sandeep Batra said on this, “The 53 percent share of the bank’s loan portfolio is linked to the repo rate.” At the same time, if we talk about the performance of the bank share, then the share of its share on BSE is Rs 1406.65, while the share value of the share is Rs 2. At the same time, if we talk about its market cap, then it is more than Rs 10 lakh crore.

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