ICICI Bank reported a significant 20.1% year-on-year increase in profit after tax, reaching ₹14,843 crore for the quarter ended September 30, 2026. This strong performance was driven by robust growth in core operating profit and net interest income. Total deposits also saw substantial growth, increasing by 27.1% year-on-year to ₹20,49,874 crore.
ICICI Bank Delivers Strong Q2 2026 Financial Results
ICICI Bank announced its financial results for the quarter ended September 30, 2026 (Q2-2027), showcasing impressive growth across key performance indicators. The bank’s profit after tax rose by 20.1% year-on-year to ₹14,843 crore (US$ 1.5 billion), a testament to its effective business strategies and operational efficiency.
Key Financial Highlights
The quarter witnessed a profit before tax excluding treasury of ₹19,954 crore, up 23.4% year-on-year. Core operating profit also demonstrated strong momentum, growing by 21.8% year-on-year to ₹20,805 crore. Excluding dividend from subsidiaries, core operating profit saw an even more substantial increase of 25.0% year-on-year.
Deposit and Loan Growth
ICICI Bank experienced significant growth in its deposit base, with total period-end deposits increasing by 27.1% year-on-year to ₹20,49,874 crore (US$ 213.9 billion) as of September 30, 2026. Excluding FCNR (B) deposits, total deposits grew by 17.0% year-on-year. The bank’s loan portfolio also expanded robustly, growing by 30.0% year-on-year to ₹18,31,580 crore (US$ 191.1 billion). Excluding loans from international branches against FCNR (B) deposits, total loans grew by 24.1%.
Asset Quality and Capital Adequacy
Asset quality remained strong, with the net NPA ratio reported at a low 0.30% at September 30, 2026. The bank’s capital position is robust, with a total capital adequacy ratio of 16.68% and a CET-1 ratio of 16.01% on a standalone basis as of the same date.
Board Approval
The Board of Directors of ICICI Bank Limited approved the standalone and consolidated financial statements for the quarter ended September 30, 2026. The statutory auditors have conducted a limited review and issued an unmodified report on these financial statements.
Source: BSE
