ICICI Bank has announced its standalone financial results for Q3 2026, reporting a net profit of ₹11,318 crore (US$ 1.3 billion). Core operating profit grew by 6.0% year-on-year to ₹17,513 crore (US$ 1.9 billion). The Board approved the reappointment of Mr. Sandeep Bakhshi as Managing Director & CEO and Mr. Ajay Kumar Gupta as Executive Director. Key ratios include a net NPA ratio of 0.37% and a capital adequacy ratio of 17.34%.
Financial Performance
ICICI Bank (Standalone) reported the following key financial figures for Q3 2026:
- Net profit: ₹11,318 crore (US$ 1.3 billion)
- Core operating profit: ₹17,513 crore (US$ 1.9 billion), a 6.0% year-on-year growth
- Net Interest Income (NII): ₹21,932 crore (US$ 2.4 billion), a 7.7% year-on-year increase with a Net Interest Margin of 4.30%
- Non-interest income (excluding treasury): ₹7,525 crore (US$ 837 million), a 12.4% year-on-year increase
- Operating expenses: ₹11,944 crore (US$ 1.3 billion), a 13.2% year-on-year increase (includes ₹145 crore related to provisions on new labour codes)
- Provisions (excluding tax): ₹2,556 crore (US$ 284 million)
Asset Quality and Growth
Key asset quality and growth indicators:
- Gross NPA ratio: 1.53%
- Net NPA ratio: 0.37%
- Provisioning coverage ratio: 75.4%
- Net domestic advances grew by 11.5% year-on-year and 4.0% sequentially
- Total advances: ₹14,66,154 crore (US$ 163.1 billion)
- Average deposits grew by 8.7% year-on-year to ₹15,86,088 crore (US$ 176.5 billion)
Leadership Appointments
The Board of Directors approved the following re-appointments:
- Mr. Sandeep Bakhshi as Managing Director & CEO for a further period of two years with effect from October 4, 2026 to October 3, 2028.
- Mr. Ajay Kumar Gupta as Executive Director for a further period of two years with effect from November 27, 2026 to November 26, 2028.
Source: BSE
