Beating analyst estimates, ICICI Bank Ltd, India’s second-largest private sector bank, for the first quarter ended June 30, 2026 (Q1-2027) reported 15.9% year-on-year growth in profit after tax (PAT) to Rs 14,805 crore.
Net interest income (NII) during the quarter rose 12.7% year-on-year to ₹24,384 crore. Net interest margin was 4.36% in the first quarter of 2027 compared to 4.32% in the fourth quarter of 2026 and 4.34% in the first quarter of 2026.
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Provisions (excluding tax provisions) stood at Rs 1,260 crore in the first quarter of 2027, up from Rs 1,815 crore in the year-ago period.
On June 30, 2026, the Bank continued to maintain a contingency provision of ₹ 13,100 crore and an additional standard asset provision of ₹ 1,283 crore made in the third quarter of 2026 as directed by the RBI in respect of priority agriculture sector portfolio.
The gross NPL ratio stands at 1.38% as of June 30, 2026, compared to 1.40% as of March 31, 2026 and 1.67% as of June 30, 2025.
The net NPL ratio was 0.35% as of June 30, 2026, compared to 0.33% as of March 31, 2026 and 0.41% as of June 30, 2025.
Gross NPA additions were Rs 5,552 crore in Q1 2027 as compared to Rs 6,245 crore in the year-ago period.
NPA recoveries and upgrades, excluding write-offs and sales, were ₹2,845 crore during the quarter as compared to ₹3,211 crore a year ago. Net additions to gross NPAs, excluding write-offs and sales, were Rs 2,707 crore in Q1 2027, compared to Rs 3,034 crore a year ago.
The Bank has written off gross doubtful loans worth Rs 1,673 crore in the first quarter of 2027. The provision coverage ratio of non-performing loans stands at 74.7% as of June 30, 2026.
As on June 30, 2026, the Bank maintains total provisions, other than specific provisions on funds outstanding to borrowers classified as defaulters, amounting to ₹22,963 crore or 1.4% of loans.
These provisions include provisions for contingencies of Rs 13,100 crore as well as general provisions on standard assets, provisions maintained for non-fund based outstandings for borrowers classified as defaulters, loans and non-fund based outstandings for standard borrowers.
The Bank also continued to maintain an additional standard asset provision of ₹1,283 crore made in Q3 2026 as directed by the RBI in respect of priority agriculture sector portfolio.
The Bank’s total solvency ratio as of June 30, 2026 was 16.84% and the CET-1 ratio was 16.19% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively.
During the quarter, the bank’s total advances increased by 19.6% year-on-year and 5.0% sequentially to ₹16,31,260 crore as of June 30, 2026.
The retail loan portfolio grew 12.0% year-on-year and accounted for 49.2% of the total loan portfolio as of June 30, 2026, the bank said in a statement.
The business banking portfolio grew 28.2% year-on-year as of June 30, 2026. The rural portfolio grew 35.4% and the national corporate portfolio grew 18.5% year-on-year.
Domestic advances grew 18.8% year-on-year as of June 30, 2026. Total period-end deposits rose 14% to ₹ 18,33,586 crore as of June 30, 2026. Consolidated profit after tax rose to ₹ 15,440 crore in the quarter from ₹ 13,558 crore a year ago.
Published – July 18, 2026 06:52 pm IST
