Beating street expectations ICICI Bank Ltd. for the quarter ended September 30, 2026 (Q2-2027) reported 20.1% Year on Year (YoY) growth in standalone profit after tax (PAT) at ₹14,843 crore owing to low provisioning and rise in fee income.
Net interest income (NIl) of the bank during the quarter increased by 17.7% YoY to ₹25,339 crore.
Net interest margin was low at 4.18% in the quarter compared to 4.36% in Q1-2027 and 4.30% in Q2-2026.
Operating expenses during the quarter increased by 8.5% YoY to ₹12,811 crore.
Provisions (excluding provision for tax) were ₹851 crore in the quarter compared to ₹914 crore a year ago.
At September 30, 2026, the Bank held total provisions, other than specific provisions on fund-based outstanding to borrowers classified as non-performing, amounting to ₹23,815 crore or 1.3% of loans.
These provisions include the contingency provisions of ₹13,100 crore and additional standard asset provision of ₹1,283 crore made in Q3-2026 as directed by RBI in respect of the agricultural priority sector portfolio.
The gross NPA additions in the quarter were ₹4,833 crore as compared with ₹5,034 crore a year ago.
Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹3,620 crore compared to ₹3,648 crore a year ago.
The net additions to gross NPAs, excluding write-offs and sale, were ₹1,213 crore compared to ₹1,386 crore in the same period last year.
The Bank said it has written-off gross NPAs amounting to ₹1,592 crore in the quarter.
The provisioning coverage ratio on non-performing loans was 75.0% at September 30, 2026.
Total capital adequacy ratio was 16.68% and CET-1 ratio was 16.01% on a standalone basis, at September 30, 2026
The Bank’s total capital adequacy ratio at September 30, 2026 was 16.68% and CET-1 ratio was 16.01% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively.
Total advances increased by 30% YoY and 12.3% sequentially to ₹18,31,580 crore at September 30, 2026.
Excluding loans provided by international branches of the Bank against FCNR (B) deposits, total loans grew by 24.1% YoY and 7.3% sequentially, the bank said.
The retail and rural loan portfolio grew by 14.8% YoY and 3.2% sequentially, and comprised 51.6% of the total loan portfolio at September 30, 2026.
Including non-fund outstanding, the retail and rural portfolio was 43.0% of the total portfolio.
The business banking portfolio grew by 33.8% YoY and 11.1% sequentially at the end of the quarter.
The corporate portfolio grew by 30.6% YoY and 10.4% sequentially. The domestic advances grew by 22.8% YoY and 6.8% sequentially.
Total period-end deposits increased by 27.1% YoY and 11.8% sequentially to ₹20,49,874 crore at September 30, 2026.
Excluding FCNR (B) deposits, total deposits grew by 17% YoY and 3.1% sequentially, the Bank said.
Average current account and savings account (CASA) ratio was 35.8% in Q2-2027, reflecting the increase in the term deposit base due to FCNR (B) deposit inflows.
During the quarter, the Bank purchased 2% additional shareholding in ICICI Life Insurance Limited for consideration of ₹1,470 crore.
The consolidated profit after tax increased 22.3% YoY to ₹16,333 crore. Consolidated assets grew by 22.6% YoY to ₹32,92,953 crore, the Bank said.