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ICICI Bank Q2 Net Profit Jumps 20 Percent With Strong Asset Quality
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CNBC Awaaz•17-10-2026, 15:39
ICICI Bank Q2 Net Profit Jumps 20 Percent With Strong Asset Quality
- •ICICI Bank reported a 19.8 percent year-on-year increase in net profit to reach Rs 14,803 crore for the second quarter.
- •Net interest income saw a strong growth of 17.7 percent year-on-year, touching Rs 25,339 crore.
- •Asset quality improved significantly as Gross NPA declined to 1.2 percent and Net NPA dropped to 0.3 percent compared to the June quarter.
- •Total loan portfolio registered a robust 30 percent year-on-year growth to reach Rs 18.31 lakh crore.
Key Questions Answered
ICICI Bank reported a standalone net profit of Rs 14,843 crore, marking a 20.1 percent year-on-year increase. Meanwhile, its net interest income (NII) rose by 17.7 percent year-on-year to reach Rs 25,339 crore.
The bank's gross NPA improved to 1.2 percent and net NPA declined to 0.3 percent. Additionally, provisions excluding tax dropped to Rs 851 crore for the September quarter compared to Rs 914 crore in the previous year.
The bank's total loan portfolio experienced a year-on-year growth of 30 percent, reaching Rs 18.31 lakh crore. Period-end average deposits also increased by 21.2 percent year-on-year to stand at Rs 18.88 lakh crore.
