Correct option is D
The correct answer is: (d) 18.5%
Explanation:
As per ICICI Bank's official Q3 FY2024 financial disclosures, the total advances of the bank grew by 18.5% year-on-year, reflecting strong growth in domestic lending, particularly in the retail, SME, and corporate segments. The bank also saw improvements in asset quality and operational efficiency during the quarter.
As per ICICI Bank's official Q3 FY2024 financial disclosures, the total advances of the bank grew by 18.5% year-on-year, reflecting strong growth in domestic lending, particularly in the retail, SME, and corporate segments. The bank also saw improvements in asset quality and operational efficiency during the quarter.
Information Booster:
ICICI Bank’s total advances stood at ₹13.39 lakh crore as of December 31, 2023 (Q3 FY24).
The retail loan portfolio grew by 21.4% YoY, showing strong consumer lending trends.
The bank reported a net profit of ₹10,272 crore, up 23.6% YoY.
Net Interest Income (NII) increased by 13.4% YoY to ₹18,678 crore.
Gross NPA ratio improved to 2.30% from 3.07% a year ago.
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