Robust Credit Growth of 19.6% YoY and Stable Asset Quality Highlight the Bank's Performance
MUMBAI – The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) today approved the standalone and consolidated financial statements for the quarter ended June 30, 2026 (Q1-2027)
Financial Highlights – Q1-2027 (Standalone)
Net Profit Growth: Standalone profit after tax grew by 15.9% year-on-year to ₹14,805 crore (US$ 1.6 billion) in Q1-2027, compared to ₹12,768 crore (US$ 1.3 billion) in the corresponding quarter of the previous year (Q1-2026)
. Core Operating Profit: Increased by 15.6% year-on-year to ₹20,235 crore (US$ 2.1 billion) in Q1-2027
. Excluding dividends from subsidiaries, core operating profit grew by 18.3% year-on-year to ₹19,125 crore (US$ 2.0 billion) . Net Interest Income (NII): Registered a growth of 12.7% year-on-year, rising to ₹24,384 crore (US$ 2.6 billion) in Q1-2027 from ₹21,635 crore (US$ 2.3 billion) in Q1-2026
. Net Interest Margin (NIM): Stood at 4.36% in Q1-2027, improving from 4.32% in Q4-2026 and 4.34% in Q1-2026
. Provisions: Provisions (excluding tax) decreased substantially by 30.6% year-on-year to ₹1,260 crore (US$ 133 million) in Q1-2027 from ₹1,815 crore (US$ 192 million) in Q1-2026
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Balance Sheet Expansion and Credit Growth
Total Advances: The loan portfolio expanded significantly, growing by 19.6% year-on-year and 5.0% sequentially to reach ₹16,31,260 crore (US$ 172.3 billion) as of June 30, 2026
. Segmented Growth: The business banking portfolio led with a 28.2% YoY growth, followed closely by the rural portfolio which grew by 35.4% YoY
. The retail loan book grew by 12.0% YoY and constituted 49.2% of the total loan portfolio . Domestic corporate advances moved up by 18.5% YoY . Deposits: Total period-end deposits grew by 14.0% year-on-year to ₹18,33,586 crore (US$ 193.7 billion) at June 30, 2026
. The average current account and savings account (CASA) ratio stood healthy at 38.1% during the quarter .
Asset Quality and Capital Position
NPA Ratios Improve: Gross NPA ratio declined to 1.38% at June 30, 2026, compared to 1.40% at March 31, 2026, and 1.67% at June 30, 2025. The net NPA ratio remained exceptionally low at 0.35%
. Provision Coverage: The provision coverage ratio on non-performing loans stood robust at 74.7% as of June 30, 2026.
Capital Adequacy: The bank continues to be heavily capitalized, with a standalone capital adequacy ratio of 16.84% and a CET-1 ratio of 16.19%, vastly exceeding the minimum regulatory benchmarks of 11.70% and 8.20%, respectively
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Network Expansion
During the first quarter of fiscal 2027, ICICI Bank added 97 new branches to its network, expanding its total footprint to 7,608 branches and 12,190 ATMs and cash recycling machines across the country.
Consolidated Financial Results
The consolidated profit after tax for the bank increased to ₹15,440 crore (US$ 1.6 billion) in Q1-2027 from ₹13,558 crore (US$ 1.4 billion) in Q1-2026. Consolidated assets grew by 12.5% year-on-year to reach ₹30,02,407 crore (US$ 317.2 billion).