ICICI Bank Limited reported a 20.1% year-on-year increase in standalone profit after tax to ₹14,843 crore for the quarter ended September 30, 2026 (Q2FY27). The growth was underpinned by a robust expansion in net interest income and disciplined cost management, despite a slight contraction in net interest margins.

Net interest income rose 17.7% YoY to ₹25,339 crore, while non-interest income excluding treasury grew 12.5% to ₹8,277 crore. The bank’s total loan portfolio expanded significantly by 30.0% YoY to ₹18,31,580 crore, outpacing deposit growth of 27.1%. Asset quality remained strong, with the gross NPA ratio improving to 1.20% from 1.58% a year earlier.

Financial performance highlights

The bank’s core operating profit, which excludes treasury gains or losses, increased 21.8% YoY to ₹20,805 crore. Profit before tax excluding treasury grew 23.4% to ₹19,954 crore. The board also approved the filing of an application with the Reserve Bank of India seeking approval for the continuation of Pradeep Kumar Sinha as Non-executive Part-time Chairperson until February 2029.

Balance sheet expansion and asset quality

Total period-end deposits surged 27.1% YoY to ₹20,49,874 crore, while average deposits grew 21.2%. The CASA ratio stood at 35.8%, reflecting the impact of term deposit inflows. The loan book saw substantial growth across segments, with retail and rural loans comprising 51.6% of the total portfolio. The business banking portfolio expanded 33.8% YoY, and the domestic corporate portfolio grew 30.6%.

Asset quality metrics showed continued improvement. The net NPA ratio declined to 0.30% from 0.39% in Q2FY26. On a sequential basis, the gross NPA ratio improved to 1.20% from 1.38% in the previous quarter, while the net NPA ratio tightened to 0.30% from 0.35%. Gross NPA additions were ₹4,833 crore, lower than the previous year’s ₹5,034 crore. The bank maintained a contingency provision of ₹13,100 crore and held an additional standard asset provision of ₹1,283 crore related to agricultural priority sector lending compliance reviews.

What the numbers show

A notable divergence exists between the aggressive balance sheet expansion and margin compression. While advances grew 30.0% and deposits 27.1%, the Net Interest Margin (NIM) contracted to 4.18% from 4.30% in Q2FY26. This suggests that the rapid loan growth may have come at a slightly lower yield or required higher-cost funding, although the absolute volume-driven NII growth remains strong. Additionally, the treasury segment posted a loss of ₹230 crore in Q2FY27 compared to a gain of ₹220 crore in Q2FY26, indicating market volatility impacted non-core earnings, yet the core operating profit growth remained resilient at over 20%.

ICICI Bank will host its earnings conference call for the quarter ended September 30, 2026, on October 17, 2026. The event includes a media session at 4:00 pm followed by an analyst and investor call at 5:00 pm IST.

Call schedule and access details

The bank has scheduled two distinct sessions for the release of financial results for Q2FY27. The media call is set for 4:00 pm IST, while the earnings call for analysts and investors will commence at 5:00 pm IST on the same day.

Participants can join via the following dial-in numbers:

Pre-registration is required for the conference calls. Interested parties can register through the provided link on the Chorus Call platform. The audio recording and transcript of both sessions will be posted on the bank's official website following the events.

Regulatory disclosures

The notice was filed with BSE Limited and the National Stock Exchange of India Limited on October 12, 2026. Copies were also sent to the New York Stock Exchange, SIX Swiss Exchange Limited, Singapore Stock Exchange, and Japan Securities Dealers Association. The communication was signed by Vivek Ranjan, Leadership Team member.