Top private sector lender ICICI Bank on Saturday reported that its June quarter standalone profit after tax grew by 14.6% year-on-year (YoY) to Rs 11,059 crore while the net interest income (NII) rose 7.3% YoY to Rs 19,553 crore.The net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. NII was in line with ET Now poll estimates while PAT was above expectations.Credit growthICICI Bank’s total advances increased by 15.7% YoY and 3.3% sequentially to Rs 12,23,154 crore. The retail loan portfolio grew by 17.1% YoY and 2.4% sequentially, and comprised 54.4% of the total loan portfolio.The business banking portfolio grew by 35.6% YoY and 8.9% sequentially.Deposit growthDuring the quarter, ICICI Bank reported that its average deposits grew by 17.8% YoY to Rs 13,78,658 crore at the end of the June quarter while the average current account and savings account (CASA) ratio was 39.6%.With the addition of 64 branches during Q1, the bank had a network of 6,587 branches and 17,102 ATMs & cash recycling machines in June-end.The value of the bank’s merchant acquiring transactions through UPI grew by 51.6% YoY in Q1. It had a market share of about 32.1% by value in electronic toll collections through FASTag, with a 16.9% YoY growth in collections in Q1.More to come….