7 November 2026 | Curated by Gurdeep Singh, Amritsar, Punjab
ICICI Bank reported a 20.1% year-on-year increase in standalone net profit to ₹14,843 crore for the July–September 2026 quarter (Q2 FY27). Net interest income (NII) grew 17.7% to ₹25,339 crore, reflecting stronger core banking income. The bank also reported growth in deposits and advances, while its net interest margin moderated compared with the year-ago quarter.
ICICI Bank Q2 FY27: key standalone figures
Net profit: ₹14,843 crore, up 20.1% year on year from ₹12,359 crore.
Net interest income: ₹25,339 crore, up 17.7% from ₹21,529 crore.
Core operating profit: ₹20,805 crore, up 21.8%.
Profit before tax: ₹19,724 crore, up 20.4%.
Net interest margin: 4.18%, compared with 4.30% in Q2 FY26 and 4.36% in Q1 FY27.
Non-interest income excluding treasury: ₹8,277 crore, up 12.5%.
Operating expenses: ₹12,811 crore, up 8.5%.
Provisions, excluding tax: ₹851 crore, compared with ₹914 crore a year earlier.
These figures are on a standalone basis. They should not be confused with the consolidated numbers, which include the bank’s subsidiaries and associates.
Consolidated profit also increases
ICICI Bank’s consolidated profit after tax rose to ₹16,333 crore in Q2 FY27 from ₹13,357 crore in the corresponding quarter last year. Consolidated assets grew 22.6% year on year to ₹32,92,953 crore as of 30 September 2026.
Deposits and advances expand
Total period-end deposits increased 27.1% year on year to ₹20,49,874 crore. The bank said deposit growth excluding FCNR (B) deposits was 17.0%. Its total loan portfolio expanded 30.0% to ₹18,31,580 crore; excluding loans provided by international branches against FCNR (B) deposits, growth was 24.1%.
The net non-performing asset ratio stood at 0.30% at the end of September 2026. The bank’s total capital adequacy ratio was 16.68%, with a common equity tier-one (CET-1) ratio of 16.01% on a standalone basis.
What explains the quarter?
Growth in NII, fee income and core operating profit supported earnings. Fee income rose 20.1% to ₹7,795 crore, while non-interest income excluding treasury increased 12.5%. At the same time, the bank recorded a treasury loss of ₹230 crore, compared with a treasury gain of ₹220 crore in Q2 FY26. This distinction matters: treasury movements can affect reported profit even when core banking operations are growing.
The decline in net interest margin from 4.30% to 4.18% year on year is another metric to watch. Future performance will depend on deposit costs, loan pricing, credit quality and the pace of balance-sheet growth.
Investor takeaway
ICICI Bank delivered double-digit growth in standalone profit, NII and core operating profit in Q2 FY27. Deposit and loan growth remained strong, and the net NPA ratio was 0.30%. However, the lower net interest margin and treasury loss show why investors should assess the full results rather than focus only on headline profit growth.
Disclaimer: This article is for news and general information only. It is not investment advice or a recommendation to buy, hold or sell any security. Figures are based on ICICI Bank’s limited-reviewed results and performance review for the quarter ended 30 September 2026.
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