ICICI Bank Q2 Profit Jumps 20% to Rs 14,843 Crore
ICICI Bank reports a 20.1% jump in standalone net profit for Q2 FY26-27, driven by strong loan growth and improved asset quality.
ICICI Bank has posted a stellar performance for the second quarter of the financial year 2026-27, with its standalone net profit surging by 20.1 per cent year-on-year to reach Rs 14,843 crore. This significant growth was primarily fueled by a robust increase in loans and a reduction in provisions set aside for bad debts.
Key Financial Highlights
The bank's core earnings showed strong momentum during the July-September quarter. The Net Interest Income (NII)—which represents the difference between the interest the bank earns from loans and the interest it pays on deposits—climbed by 17.7 per cent to Rs 25,339 crore, up from Rs 21,529 crore in the same quarter last year.
Other critical financial metrics include:
- Core Operating Profit: Rose by 21.8 per cent to Rs 20,805 crore.
- Profit Before Tax: Increased by 20.4 per cent, standing at Rs 19,724 crore.
- Net Interest Margin (NIM): The bank reported a NIM of 4.18 per cent, compared to 4.30 per cent in the previous year and 4.36 per cent in the preceding quarter.
Asset Quality and Loan Growth
ICICI Bank witnessed a marked improvement in its asset quality. The gross non-performing asset (NPA) ratio dropped to 1.20 per cent as of September 30, 2026, down from 1.58 per cent a year prior. Similarly, the net NPA ratio saw a decline, falling to 0.30 per cent from 0.39 per cent.
The bank's balance sheet expanded significantly, with total advances growing by 30 per cent year-on-year to hit Rs 18.32 lakh crore. Deposits also saw a healthy rise of 27.1 per cent, reaching Rs 20.50 lakh crore. When excluding foreign currency non-resident (FCNR-B) deposits, the growth rates for advances and deposits were 24.1 per cent and 17 per cent, respectively.
Consolidated Performance
On a consolidated basis, the bank's performance was equally impressive. The consolidated net profit for the quarter rose by approximately 22.3 per cent to Rs 16,333 crore, compared to Rs 13,357 crore in the corresponding period of the previous year.
Furthermore, the bank's total consolidated assets grew by 22.6 per cent year-on-year, totaling Rs 32.93 lakh crore as of the end of September 2026.