ICICI Bank Q2 FY27 Results: Standalone Net Profit Rises 20.1% to Rs 14,843 Crore
ICICI Bank's standalone net profit rose to Rs 14,843 crore in the quarter ended September 30, 2026, from Rs 12,359 crore a year earlier. Net interest income increased to Rs 25,339 crore from Rs 21,529 crore in Q2 FY26, reflecting growth in the bank's core lending income.
Core operating profit, excluding treasury income, grew 21.8% YoY to Rs 20,805 crore from Rs 17,078 crore. Profit before tax, excluding treasury income, increased 23.4% to Rs 19,954 crore.
The bank's net interest margin (NIM) stood at 4.18% in Q2 FY27, compared with 4.30% in the year-ago quarter and 4.36% in Q1 FY27.
ICICI Bank Advances Rise 30% and Deposits Grow 27.1%
ICICI Bank's total advances increased 30% YoY to Rs 18,31,580 crore as of September 30, 2026. Excluding loans provided by international branches against FCNR(B) deposits, loan growth stood at 24.1%.
Total period-end deposits rose 27.1% YoY to Rs 20,49,874 crore. However, excluding FCNR(B) deposits, deposit growth was 17%.
- Total Advances: Rs 18,31,580 crore, up 30% YoY.
- Advances Growth Excluding Specified FCNR(B)-Related Loans: 24.1%.
- Total Period-End Deposits: Rs 20,49,874 crore, up 27.1% YoY.
- Deposit Growth Excluding FCNR(B) Deposits: 17%.
- Retail and Rural Loan Portfolio: Grew 14.8% YoY and accounted for 51.6% of the total loan portfolio.
- Business Banking Portfolio: Grew 33.8% YoY.
- Domestic Corporate Portfolio: Increased 30.6% YoY.
ICICI Bank Asset Quality: Gross NPA Falls to 1.20%
ICICI Bank's gross non-performing asset (NPA) ratio declined to 1.20% as of September 30, 2026, compared with 1.58% a year earlier and 1.38% at the end of the previous quarter.
The net NPA ratio improved to 0.30%, against 0.39% in Q2 FY26 and 0.35% in Q1 FY27.
The bank held total provisions of Rs 23,815 crore, excluding specific provisions on fund-based outstanding to borrowers classified as non-performing. This included contingency provisions of Rs 13,100 crore.
- Gross NPA Ratio: 1.20%, compared with 1.58% in Q2 FY26 and 1.38% in Q1 FY27.
- Net NPA Ratio: 0.30%, compared with 0.39% in Q2 FY26 and 0.35% in Q1 FY27.
- Total Provisions: Rs 23,815 crore, excluding specified provisions as stated above.
- Contingency Provisions: Rs 13,100 crore.
ICICI Bank Board Decisions: Chairperson Tenure and Insurance Stake
The bank's board approved filing an application with the Reserve Bank of India (RBI) seeking approval for the continuation of Mr. Pradeep Kumar Sinha as Non-executive Part-time Chairperson from July 1, 2027, to February 16, 2029.
During Q2 FY27, ICICI Bank also purchased an additional 2% shareholding in ICICI Life Insurance Limited for Rs 1,470 crore.
- Chairperson: The board approved seeking RBI approval for the continuation of Pradeep Kumar Sinha as Non-executive Part-time Chairperson.
- Proposed Tenure: July 1, 2027, to February 16, 2029.
- Additional Insurance Stake: 2% shareholding in ICICI Life Insurance Limited.
- Acquisition Cost: Rs 1,470 crore.
ICICI Bank Q2 FY27 Results Highlights
- Standalone Net Profit: Rs 14,843 crore, compared with Rs 12,359 crore in Q2 FY26, up approximately 20.1% YoY.
- Net Interest Income: Rs 25,339 crore, up approximately 17.7% YoY.
- Core Operating Profit: Rs 20,805 crore, up 21.8% YoY.
- Profit Before Tax Excluding Treasury Income: Rs 19,954 crore, up 23.4% YoY.
- Consolidated Profit After Tax: Rs 16,333 crore, compared with Rs 13,357 crore in Q2 FY26.
- Total Advances: Rs 18,31,580 crore, up 30% YoY.
- Total Deposits: Rs 20,49,874 crore, up 27.1% YoY.
- Net Interest Margin (NIM): 4.18%, compared with 4.30% in Q2 FY26 and 4.36% in Q1 FY27.
- Gross NPA Ratio: 1.20%.
- Net NPA Ratio: 0.30%.
- Total Provisions: Rs 23,815 crore.
- Additional Stake in ICICI Life Insurance Limited: 2%, acquired for Rs 1,470 crore.
What to Watch Next
- Subsequent quarterly results for trends in net interest margin, loan growth and deposit growth.
- Changes in asset quality and provisioning levels as indicators of the bank's credit performance.
- The RBI's decision on the proposed continuation of Pradeep Kumar Sinha's tenure as Non-executive Part-time Chairperson.
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