ICICI Bank Ltd. posted better-than-expected results as India’s second-largest private-sector lender benefited from healthy loan growth across retail and corporate segments. The bank’s first-quarter profit exceeded analyst estimates, driven by strong demand for loans in both consumer and business lending. Retail loan portfolios showed steady expansion, supported by increased borrowing for housing, auto, and personal loans.

Corporate lending also rose, reflecting improved capital expenditure and working‑capital needs among Indian firms. ICICI Bank’s asset quality remained stable, with non‑performing assets showing modest improvement. Management attributed the performance to disciplined credit underwriting and a diversified loan mix that cushioned sector‑specific headwinds.

The outcome underscores the resilience of India’s banking sector amid a recovering economic environment. Analysts noted that the beat could lead to upward revisions in FY25 earnings forecasts for the bank. Overall, the quarter highlighted ICICI Bank’s ability to capitalize on growing credit demand while maintaining prudent risk management.