ICICI Bank has reported 16% growth in net profit at Rs 14804.50 crore for the quarter ended June 2026 (Q1FY2027). Net Interest Income (NII) increased 13% while the core fee income of the bank also improved 23% in Q1FY2027. The Net Interest Margin (NIM) of the bank moved up to 4.36% in Q1FY2027 compared to 4.34% in the corresponding quarter of previous year.

On business front, the business growth accelerated to 17% at end June 2026 from 13% at end June 2026, as the loan book growth accelerated to 20%. However, the CASA ratio of the bank has eased to 39.5% at end June 2026 from 41.2% at end June 2025.

NII growth improves as NIM and loan growth rises: Interest income increased 6% to Rs 45670.78 crore, while interest expenses were flat at Rs 21286.43 crore in Q1FY2027. NII improved 13% to Rs 24384.35 crore in Q1FY2027.

Margins improve: The bank has shown 44 bps YoY decline in cost of deposits to 4.41%, while yield on advances declined 67 bps YoY to 8.86% in Q1FY2027. NIM has improved 2 bps YoY and 4 bps qoq to 4.36% in Q1FY2027.

Robust growth in the core fee income: The non-interest income of the bank increased 1% to Rs 8576.06 crore in Q1FY2027. Bank has posted strong 23% growth in core fee income to Rs 7286 crore, while the treasury income eased 88% to Rs 151 crore. The recoveries and other income improved 4% to Rs 29 crore in Q1FY2027.

Expense ratio rises: The operating expenses of the bank increased 10% to Rs 12574.34 crore, as other expenses moved up 14% to Rs 7569.7 crore, while employee expenses rose 6% to Rs 5004.64 crore in Q1FY2027. Cost to income ratio deteriorated to 38.1% in Q1FY2027 compared with 37.8% in Q1FY2026. Operating Profit moved up 9% to Rs 20386.07 crore.

Provisions and contingencies decline: The bank has shown 31% decline in provisions to Rs 1260 crore in Q1FY2027.

PBT increased 13% to Rs 19125.62 crore in Q1FY2027. Effective tax rate declined to 22.6% in Q1FY2027 from 24.6% in Q1FY2026. Net Profit increased 16% YoY to Rs 14804.50 crore in Q1FY2027.

Asset quality stable: The bank has maintained stable asset quality in Q1FY2027.

The fresh slippages of loans stood at Rs 5552 crore in Q1FY2027 compared with Rs 4242 crore in previous quarter and Rs 6245 crore in the corresponding quarter last year.

The recoveries and upgradations of NPAs stood at Rs 2845 crore, while the write-off of loans was at Rs 1673 crore in Q1FY2027.

The standard restructured loan book of the bank declined to Rs 720 crore end June 2026 compared to Rs 853 crore a quarter ago.

Provision coverage ratio was steady at 74.70% at end June 2026 compared to 75.80% a quarter ago and 75.30% a year ago.

The capital adequacy ratio of the bank stood at 16.8% with Tier I ratio at 16.2% at end June 2026.

The risk weighted assets of the bank has increased 18% YoY to Rs 1948759 crore end June 2026.

Business Highlights:

Business growth accelerates: The business of the bank has increased at an accelerated pace of 17% YoY to Rs 3464846 crore end June 2026, as advances growth improved to 20% at Rs 1631260 crore and deposits growth gained to 14% at Rs 1833586 crore at end June 2026. With the faster growth in advances, the credit to deposit ratio improved to 89.0% at end June 2026 from 84.8% at end June 2025.

CASA deposits ratio declines: The CASA deposits of the bank increased 9% YoY to Rs 724256 crore at end June 2026. The current account deposits moved up 14% to Rs 267981 crore, while saving account deposits increased 7% to Rs 475606 crore end June 2026. The CASA ratio eased to 39.5% at end June 2026 compared to 41.2% at end June 2025, while declined from 41.4% at end June 2026. The term deposits have increased 17% to Rs 1109330 crore end June 2026.

Strong loan growth: Within the loan book, the retail loans increased 12% YoY to Rs 806748 crore at end June 2026, while credit to agriculture increased 35% to Rs 104449 crore and MSME credit increased 28% to Rs 350156 crore. The corporate credit has also increased 18% to Rs 326631 crore end June 2026. The overseas credit has jumped 53% to Rs 50275 crore end June 2026. The share of retail, agriculture and MSME (RAM) eased to 77.3% at end June 2026 compared to 78.5% at end June 2025.

Investment book of the bank increased 6% YoY to Rs 538534 crore at end June 2026. The SLR book moved up 9% to Rs 425510 crore, while non SLR book slipped 2% to Rs 113024 crore at end June 2026.

Branch expansion: The bank has added 97 branches and added 103 ATMs in Q1FY2027, taking overall tally to 7608 branches and 12190 ATM`s end June 2026.

Book value of the bank stood at Rs 483.5 per share at end June 2026, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 475.2 per share at end June 2026.

Consolidated results

The consolidated profit after tax increased to Rs 15440 crore in Q1FY2027 from Rs 13558 crore in Q1FY2026. Consolidated assets grew by 12.5% year-on-year to Rs 3002407 crore at June 30, 2026 from Rs 2668636 crore at June 30, 2025.

Key subsidiaries  

The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) increased to Rs 2136 crore in Q1FY2027 from Rs 1864 crore in Q1FY2026. Value of New Business (VNB) of ICICI Life increased to Rs 571 crore in Q1FY2027 from Rs 457 crore in Q1FY2026. The VNB margin was 26.7% in Q1FY2027 compared to 24.7% in FY2026. The profit after tax increased to Rs 386 crore in Q1FY2027 from Rs 302 crore in Q1FY2026.

The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) increased to Rs 8318 crore in Q1FY2027 from Rs 7735 crore in Q1FY2026. The combined ratio stood at 107.2% in Q1FY2027 compared to 102.9% in Q1FY2026. The profit after tax of ICICI General was Rs 403 crore in Q1FY2027 compared to Rs 747 crore in Q1FY2026.

The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, increased to Rs 965 crore in Q1FY2027 from Rs 784 crore in Q1FY2026.

The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was Rs 419 crore in Q1FY2027 compared to Rs 391 crore in Q1FY2026.

The profit after tax of ICICI Home Finance, as per Ind AS, was Rs 200 crore in Q1FY2027 compared to Rs 214 crore in Q1FY2026.

Financial Performance FY2026:

Bank has posted 6% increase in net profit to Rs 50146.64 crore in the year ended March 2026 (FY2026). The bottomline of the bank was impacted due to an additional standard asset provision of Rs 1283 crore made pursuant to Reserve Bank of India’s annual supervisory review. The provisions of Rs 145 crore for new labour code also impacted the bottomline. The net interest income increased 9% to Rs 88075.23 crore, while non-interest income moved up 8% to Rs 30757.59 crore, leading net total income to increase 8% to Rs 118832.82 crore in FY2026. The operating expenses increased 11% to Rs 47233.95 crore, while provision and contingencies jumped 15% to Rs 5380.42 crore. PBT increased 6% to Rs 66218.45 crore in FY2026. The cost-to-income ratio rose to 39.7% in FY2026 compared to 38.6% in FY2025. An effective tax rate eased to 24.3% in FY2026 compared to 24.6% in FY2025. The net profit has increased 6% to Rs 50146.64 crore in FY2026.