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ICICI Bank Q2 Net Profit Jumps 20% to Beat Estimates on Lower Provisions
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CNBC TV18•17-10-2026, 15:57
ICICI Bank Q2 Net Profit Jumps 20% to Beat Estimates on Lower Provisions
- •ICICI Bank reported a 20.1% year-on-year rise in net profit to ₹14,843 crore for the September quarter, beating CNBC-TV18 poll estimates.
- •Net interest income (NII) grew 17.7% to ₹25,339 crore, while provisions fell sharply by 32.5% quarter on quarter to ₹851 crore.
- •Net interest margin (NIM) moderated to 4.18%, and asset quality improved as the gross NPA ratio eased to 1.20% from 1.38%.
- •Total deposits grew 27.1% year on year to ₹20.50 lakh crore, and the total loan portfolio expanded 30% to ₹18.32 lakh crore.
- •Major lenders including HDFC Bank, Axis Bank, and Central Bank of India also announced their September-quarter financial results.
Key Questions Answered
ICICI Bank reported a 20.1% year-on-year increase in net profit, reaching ₹14,843 crore for the September quarter, which beat poll estimates. Additionally, its net interest income grew 17.7% to ₹25,339 crore.
ICICI Bank's asset quality improved sequentially as its gross non-performing asset ratio eased to 1.20% from 1.38% in the previous quarter. Furthermore, provisions fell sharply by 32.5% quarter-on-quarter to ₹851 crore.
ICICI Bank has approached the Reserve Bank of India seeking approval to continue Pradeep Kumar Sinha as its non-executive part-time chairperson for an extended term from July 1, 2027, to February 16, 2029.
