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ICICI Bank sells 18.8% stake in NIIT-IFBI to NIITThe transaction, approved by the bank’s Board of Directors, involves a consideration of ₹6.11 crore. With the completion of this sale, NIIT-IFBI has ceased to be an associate company of ICICI Bank, effective immediately. Shares of ICICI Bank Ltd ended at ₹1,430.85, up by ₹7.95, or 0.56%, on the BSE.By Jomy Jos Pullokaran   June 11, 2025, 10:27:43 PM IST (Updated)2 Min ReadPrivate sector lender ICICI Bank Ltd on Wednesday (June 11) said it has executed a share purchase agreement (SPA) with NIIT Limited and NIIT Institute of Finance Banking and Insurance Training Ltd (NIIT-IFBI) at 10:06 a.m. for the sale of its entire 18.8% stake in NIIT-IFBI.

The transaction, approved by the bank’s Board of Directors, involves a consideration of ₹6.11 crore. With the completion of this sale, NIIT-IFBI has ceased to be an associate company of ICICI Bank, effective immediately.

NIIT-IFBI was established to address the talent development needs of the banking and financial services industry. With ICICI Bank’s exit, NIIT Ltd assumes full ownership of the training institution.

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NIIT-IFBI, a key player in providing financial and banking training, reported revenue from operations of ₹56.67 crore for the fiscal year 2024. The company's net worth stood at ₹21.93 crore as of March 31, 2024.

Fourth Quarter

ICICI Bank reported a 15.7% jump in the March quarter consolidated net profit at ₹13,502 crore. On a standalone basis, the second-largest private sector lender's net profit for the January-March quarter came at ₹12,630 crore, up 18%, as against ₹10,708 crore in the year-ago period.

The core net interest income moved up 11% to ₹21,193 crore, from the year-ago period's ₹19,093 crore. The non-interest income, excluding treasury, increased 18.4% to ₹7,021 crore.

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Provisions came at ₹891 crore in the March quarter, as against ₹718 crore in the year-ago period. The gross non-performing assets ratio improved to 1.67% at the end of March 2025, from 1.96% in December 2024.

Shares of ICICI Bank Ltd ended at ₹1,430.85, up by ₹7.95, or 0.56%, on the BSE.Continue ReadingFirst Published: Jun 11, 2025 10:27 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsICICI Bankshare market today