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Informist, Saturday, Oct. 17, 2026

 

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--ICICI Bank Jul-Sept net profit INR 148.43 bln
--Analysts saw ICICI Bank Jul-Sept net profit at INR 142.74 bln
--ICICI Bank Jul-Sept total income INR 571.57 bln
--ICICI Bank Jul-Sept net profit INR 148.43 bln vs INR 123.59 bln yr ago
--ICICI Bank Jul-Sept total income INR 571.57 bln vs INR 493.33 bln yr ago
--ICICI Bank Apr-Sept net profit INR 296.48 bln vs INR 251.27 bln yr ago
--ICICI Bank Apr-Sept total income INR 1.11 tln vs INR 1.01 tln yr ago
--ICICI Bank Basel-III capital adequacy ratio 16.68% on Sept 30
--ICICI Bank to seek RBI nod for Pradeep K Sinha to remain part-time chair
--ICICI Bank gross NPA ratio 1.20% on Sept 30 vs 1.38% qtr ago
--ICICI Bk to seek nod for Pradeep Sinha to be part-time chair till Feb, 2029
--ICICI Bank net NPA ratio 0.30% on Sept 30 vs 0.35% qtr ago
--ICICI Bank Jul-Sept provisions INR 8.51 bln vs INR 9.14 bln year ago
--ICICI Bank Jul-Sept net interest margin 4.18% vs 4.36% quarter ago
--ICICI Bank Jul-Sept net interest income INR 253.39 bln, up 17.7% on year
--ICICI Bank total deposits at INR 20.50 tln on Sept 30, up 27.1% on year
--ICICI Bank total deposits up 17% on year excluding FCNR (B) deposits
--ICICI Bank total advances at INR 18.32 tln on Sept 30, up 30% on yr
--ICICI Bk loans up 24% YoY ex-loans by intl branches against FCNR (B) deposit

 

By Shweta

 

NEW DELHI – ICICI Bank Saturday reported an over 20% on-year and 0.3% on-quarter rise in its September quarter net profit to INR 148.43 billion, supported by higher net interest income and lower provisions. The Jul-Sept net profit beat the Street's estimate, growing at the fastest pace in three quarters on year and the slowest in three quarters sequentially. Brokerages had estimated the bank's bottom line for the reporting quarter at INR 142.74 billion.

 

The bank earned INR 491.10 billion as interest in the September quarter, up nearly 18% on year and 8% sequentially. This helped the total income rise almost 16% on year and over 5% on quarter to INR 571.58 billion. Its other income rose over 6% on year but fell 6% sequentially.

 

Its net interest income exceeded analysts' expectations. The bank's net interest income rose to INR 253.39 billion during the quarter from INR 215.29 billion a year ago and INR 243.84 billion a quarter ago. Analysts had estimated the bank's net interest income at INR 249.88 billion. 

 

The bank's provisions and contingencies fell nearly 7% on year and 33% on quarter to INR 8.51 billion in the September quarter. The lender held contingency provision of INR 131.00 billion as on Sept. 30.

 

On the expense side, the bank reported a tax outgo of INR 48.82 billion for the September quarter, which was over 21% higher on year and nearly 13% up sequentially.

 

Its operating expenses rose over 8% on year and nearly 2% on quarter to INR 128.11 billion. Employee cost was INR 49.28 billion, up over 13% on year but down nearly 2% on quarter. Other operating expenses were INR 78.83 billion. These combined with interest expended, lifted the bank's total expenses over 14% on year and 8% on quarter to INR 365.82 billion.

 

The bank's asset quality improved at the end of the September quarter. The gross non-performing asset ratio was 1.20% on Sept. 30 from 1.38% a quarter ago and 1.58% a year ago. The net NPA ratio stood at 0.30% at Sept-end, compared to 0.35% at June-end and 0.39% a year ago. Provision coverage ratio was 75.0% compared to 74.7% at June-end.

 

The capital adequacy ratio was 16.68% at the end of September. The current account savings account ratio was 35.8%, compared to 38.1% a quarter ago.

 

At the end of September, the bank's total advances were up 30% on year at INR 18.32 trillion as of Sept. 30. Retail and rural loans grew by 14.8% on year. Business banking portfolio rose 33.8% on year and domestic corporate portfolio grew 30.6% on year. "Excluding loans provided by international branches of the Bank against FCNR (B) deposits, total loans grew by 24.1% on year and 7.3% on quarter," the bank said in its investor presentation.

 

Total deposits rose 27.1% on year to INR 20.50 trillion. Excluding the foreign Currency non-resident) deposit, total deposits rose only 17% on year at September-end.

 

Its net interest margin was at 4.18% in Jul-Sept, compared to 4.36% a quarter ago and 4.30% a year ago. Cost of deposits was 4.50% in the September quarter, against 4.41% a quarter ago and 4.64% a year ago.

 

The bank is seeking the Reserve Bank of India's approval for Pradeep Kumar Sinha to remain its part-time chairperson from July 1, 2027 till February 16, 2029. Friday, shares of the bank closed at INR 1,397 on the National Stock Exchange, up 0.6% from the previous close.

 

In the first half of the financial year 2026-27 (Apr-Mar), the bank's net profit rose to INR 296.48 bln from INR 251.27 bln in the corresponding period a year ago. Its total income grew 10.5% on year to INR 1.11 trillion from INR 1.01 trillion during Apr-Sept a year ago.  End

 

Edited by Deepshikha Bhardwaj

 

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