ICICI Bank reports 20.1 percent net profit growth in second quarter

ICICI Bank reported a 20.1 percent increase in standalone net profit to Rs 14,843 crore for the second quarter of financial year 2027, driven by loan growth and lower bad-loan provisions. The lender announced its financial results on Saturday, October 17, 2026.

Net interest income rose 17.7 percent year-on-year to Rs 25,339 crore, up from Rs 21,529 crore in the same period last year, according to a regulatory filing cited by The Economic Times. The bank's net interest margin narrowed to 4.18 percent in the second quarter, compared with 4.36 percent in the previous quarter and 4.30 percent a year earlier.

Asset quality improved during the quarter ended September 30, 2026. The gross non-performing asset ratio fell to 1.20 percent, down from 1.38 percent in the previous quarter and 1.58 percent a year earlier. The net non-performing asset ratio declined to 0.30 percent from 0.35 percent in the prior quarter. Gross non-performing asset additions dropped to Rs 4,833 crore from Rs 5,034 crore in the corresponding period of the previous year.

Provisions for bad loans decreased to Rs 851 crore for the quarter, compared with Rs 914 crore a year ago. The lender held contingency provisions of Rs 13,100 crore and additional standard asset provisions of Rs 1,283 crore as of September 30, 2026.

Total period-end deposits grew 27.1 percent year-on-year to Rs 20.49 lakh crore. Excluding foreign currency non-resident deposits, total deposits expanded 17 percent from the year-ago period. Average deposits rose 21.2 percent year-on-year to Rs 18.88 lakh crore, while the total loan portfolio grew 30 percent to Rs 18.31 lakh crore.

During the quarter, the bank acquired an additional 2 percent stake in ICICI Life Insurance Limited for Rs 1,470 crore. Total capital adequacy stood at 16.68 percent, with a Common Equity Tier 1 ratio of 16.01 percent. ICICI Bank shares closed at Rs 1,396.80 on October 16 prior to the earnings release.