MUMBAI: ICICI Bank reported a standalone net profit of Rs 14,804.50 crore for the quarter ended June 30, 2026, up 15.95 per cent from Rs 12,768.21 crore a year ago, driven by higher operating income and lower provisions. On a consolidated basis, net profit rose 13.89 per cent to Rs 15,440.06 crore from Rs 13,557.60 crore in the corresponding quarter last year.Net interest income (NII) rose 11.5 per cent to Rs 24,384.35 crore from Rs 21,634.46 crore a year ago. Interest earned rose 6.34 per cent to Rs 45,670.78 crore from Rs 42,946.91 crore, reflecting growth in the loan book, while interest expense remained broadly flat, declining 0.12 per cent to Rs 21,286.43 crore from Rs 21,312.45 crore. Therefore, interest income grew significantly faster than interest expenses, supporting margin expansion.Non-interest income rose 0.84 per cent to Rs 8,576.06 crore from Rs 8,504.90 crore. The modest increase provided incremental support to overall revenues, although the increase was mainly driven by core banking revenues as a detailed breakdown of other revenues was not disclosed.Independent deposits stood at Rs 18,33,585.79 crore as on June 30, 2026, up 2.17 per cent from Rs 17,94,624.98 crore as on March 31, 2026. Advances increased by 4.98 per cent sequentially to Rs 16,31,259.71 crore from Rs 15,53,892.95 crores.Total income rose 5.43 per cent to Rs 54,246.84 crore from Rs 51,451.81 crore, supported by higher net interest income and marginal increase in non-interest income.Operating profit rose 8.22 per cent to Rs 20,386.07 crore from Rs 18,845.84 crore. Operating expenses increased 10.36 per cent to Rs 12,574.34 crore from Rs 11,393.52 crore, led by higher operating and employee costs.Provisions declined 30.54 per cent to Rs 1,260.45 crore from Rs 1,814.57 crore, supporting profit growth during the quarter.Asset quality improved, with the gross NPL ratio declining to 1.38 percent from 1.67 percent a year earlier, while the net NPL ratio declined to 0.35 percent from 0.41 percent. The bank’s capital adequacy ratio under Basel III stood at 16.84 percent, compared to 16.31 percent a year ago.
