ICICI Bank has reported 8% growth in net profit at Rs 13701.68 crore for the quarter ended March 2026 (Q4FY2026). Net Interest Income (NII) increased 8% while the core fee income of the bank also improved 8% in Q4FY2026. The Net Interest Margin (NIM) of the bank rose on sequential basis to 4.32% in Q4FY2026 from 4.30% in the previous quarter, while it remained slightly compared to 4.41% in the corresponding quarter of previous year.

On business front, the business growth accelerated to 13% at end March 2026 from 10% at end December 2025, as the loan book growth improved to 16%. The CASA ratio of the bank has jumped on sequential basis to 41.4% at end March 2026 from 40.2% at end December 2025 and remained steady from 41.8% at end March 2025.

NII growth improves as NIM rises: Interest income increased 2% to Rs 43275.39 crore, while interest expenses fell 4% to Rs 20296.32 crore in Q4FY2026. NII improved 8% to Rs 22979.07 crore in Q4FY2026.

Margins improve qoq: The bank has shown 57 bps YoY decline in cost of deposits to 4.43%, while yield on advances declined 99 bps YoY to 8.87% in Q4FY2026. NIM has eased 9 bps YoY to 4.32%, while rose 2 bps qoq to 4.32% in Q4FY2026.

Healthy growth in the core fee income: The non-interest income of the bank increased 1% to Rs 7308.99 crore in Q4FY2026. Bank has posted 8% growth in core fee income to Rs 6779 crore, while the recoveries and other income eased 88% to Rs 5 crore in Q4FY2026. The bank has recorded losses in the treasury income of Rs 106 crore in Q4FY2026.

Expense ratio rises: The operating expenses of the bank increased 12% to Rs 12088.95 crore, as other expenses moved up 14% to Rs 7620.78 crore, while employee expenses rose 9% to Rs 4468.17 crore in Q4FY2026. Cost to income ratio deteriorated to 39.9% in Q4FY2026 compared with 37.9% in Q4FY2025.

Operating Profit moved up 3% to Rs 18199.11 crore.

Provisions and contingencies decline: The bank has shown 89% dip in provisions to Rs 96 crore in Q4FY2026.

PBT increased 8% to Rs 18102.95 crore in Q4FY2026. Effective tax rate declined to 24.3% in Q4FY2026 from 24.7% in Q4FY2025. Net Profit increased 8% YoY to Rs 13701.68 crore in Q4FY2026.

Asset quality improves: The bank has improved asset quality in Q4FY2026.

The fresh slippages of loans stood at Rs 4242 crore in Q4FY2026 compared with Rs 5356 crore in previous quarter and Rs 5142 crore in the corresponding quarter last year.

The recoveries and upgradations of NPAs stood at Rs 3068 crore, while the write-off of loans was at Rs 1768 crore in Q4FY2026.

Provision coverage ratio was steady at 75.80% at end March 2026 compared to 75.40% a quarter ago and 76.20% a year ago.

The capital adequacy ratio of the bank stood at 17.2% with Tier I ratio at 16.4% at end March 2026.

The risk weighted assets of the bank has increased 13% YoY to Rs 1821725 crore end March 2026.

Asset Quality Indicators: ICICI Bank
'	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Variation
						QoQ	YoY
Gross NPA (Rs Crore)	23051.93	23758.00	23850.00	24732.65	24166.18	-3	-5
Net NPA (Rs Crore)	5459.46	5731.95	5827.00	5971.09	5589.41	-5	-2
% Gross NPA	1.40	1.53	1.58	1.67	1.67	-13	-27
% Net NPA	0.33	0.37	0.39	0.41	0.39	-4	-6
% PCR	75.80	75.40	75.00	75.30	76.20	40	-40
% CRAR - Basel III	17.18	15.59	15.76	16.31	16.55	159	63
% CRAR - Tier I - Basel III	16.35	14.71	15.11	15.65	15.94	164	41
Variation in basis points for figures given in percentages and in % for figures in Rs crore

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Business Highlights:

Business growth improves: The business of the bank has increased at an accelerated pace of 13% YoY to Rs 3348518 crore end March 2026, as advances growth improved to 16% to Rs 1553893 crore and deposits growth gained to 11% to Rs 1794625 crore at end March 2026. With the faster growth in advances, the credit to deposit ratio rose to 86.6% at end March 2026 from 83.3% at end March 2025.

CASA deposits ratio improves: The CASA deposits of the bank increased 10% YoY to Rs 743587 crore at end March 2026. The current account deposits moved up 15% to Rs 217987 crore, while saving account deposits increased 8% to Rs 449603 crore end March 2026. The CASA ratio improved on sequential basis to 41.4% at end March 2026 from 40.2% at end December 2025, while remained steady from 41.8% at end March 2025. The term deposits have increased 12% to Rs 1051038 crore end March 2026.

Strong loan growth: Within the loan book, the retail loans increased 9% YoY to Rs 785157 crore at end March 2026, while credit to agriculture increased 26% to Rs 98376 crore and MSME credit increased 24% to Rs 327665 crore. The corporate credit has also increased 9% to Rs 305540 crore end March 2026. The overseas credit has increased 37% to Rs 42295 crore end March 2026. The share of retail, agriculture and MSME (RAM) eased to 77.9% at end March 2026 compared to 78.9% at end March 2025, while that of corporate loans rose to 22.1% at end March 2026 compared to 21.1% at end March 2025.

Investment book of the bank declined 2% YoY to Rs 492217 crore at end March 2026. The SLR book eased 3% to Rs 387865 crore, while non SLR book fell 1% to Rs 104352 crore at end March 2026.

Branch expansion: The bank has added 126 branches and added 104 ATMs in Q4FY2026, taking overall tally to 7511 branches and 12087 ATM`s end March 2026.

Book value of the bank stood at Rs 461.9 per share at end March 2026, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 454.2 per share at end March 2026.

Consolidated results

The consolidated profit after tax increased to Rs 14755 crore in Q4FY2026 from Rs 13502 crore in Q4FY2025. Consolidated assets grew by 10.3% yoy to Rs 2914498 croreat end March 2026 from Rs 2642241 crore at end March 2025.

Key subsidiaries

The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) increased to Rs 10641 crore in FY2026 from Rs 10407 crore in FY2025. Value of New Business (VNB) of ICICI Life increased to Rs 2629 crore in FY2026 from Rs 2370 crore in FY2025. The VNB margin was 24.7% in FY2026 compared to 22.8% in FY2025. The profit after tax increased to Rs 1600 crore in FY2026 from Rs 1189 crore in FY2025 and Rs 609 crore in Q4FY2026 from Rs 386 crore in Q4FY2025.

The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) increased to Rs 28712 crore in FY2026 from Rs 26833 crore in FY2025. The combined ratio stood at 103.4% in FY2026 compared to 102.8% in FY2025. The profit after tax of ICICI General grew by 10.5% to Rs 2772 crore in FY2026 from Rs 2508 crore in FY2025. The profit after tax of ICICI General increased to Rs 547 crore in Q4FY2026 from Rs 510 crore in Q4FY2025.

The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, increased to Rs 763 crore in Q4FY2026 from Rs 692 crore in Q4FY2025.

The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was Rs 422 crore in Q4FY2026 compared to Rs 381 crore in Q4FY2025. The profit after tax of ICICI Home Finance, as per Ind AS, was Rs 249 crore in Q4FY2026 compared to Rs 241 crore in Q4FY2025.

Financial Performance FY2026:

Bank has posted 6% increase in net profit to Rs 50146.64 crore in the year ended March 2026 (FY2026). The bottomline of the bank was impacted due to an additional standard asset provision of Rs 1283 crore made pursuant to Reserve Bank of India's annual supervisory review. The provisions of Rs 145 crore for new labour code also impacted the bottomline. The net interest income increased 9% to Rs 88075.23 crore, while non-interest income moved up 8% to Rs 30757.59 crore, leading net total income to increase 8% to Rs 118832.82 crore in FY2026. The operating expenses increased 11% to Rs 47233.95 crore, while provision and contingencies jumped 15% to Rs 5380.42 crore. PBT increased 6% to Rs 66218.45 crore in FY2026. The cost-to-income ratio rose to 39.7% in FY2026 compared to 38.6% in FY2025. An effective tax rate eased to 24.3% in FY2026 compared to 24.6% in FY2025. The net profit has increased 6% to Rs 50146.64 crore in FY2026.

ICICI Bank: Results
Particulars	2603 (3)	2503 (3)	Var %	2603 (12)	2503 (12)	Var %
Interest Earned	43275.39	42430.80	2	169946.09	163263.78	4
Interest Expended	20296.32	21237.86	-4	81870.86	82099.34	0
Net Interest Income	22979.07	21192.94	8	88075.23	81164.44	9
Other Income	7308.99	7260.07	1	30757.59	28506.70	8
Net Total Income	30288.06	28453.01	6	118832.82	109671.14	8
Operating Expenses	12088.95	10788.76	12	47233.95	42372.32	11
Operating Profits	18199.11	17664.25	3	71598.87	67298.82	6
Provisions & Contingencies	96.16	890.70	-89	5380.42	4682.62	15
Profit Before Tax	18102.95	16773.55	8	66218.45	62616.20	6
Provision for tax	4401.27	4143.97	6	16071.81	15389.21	4
PAT	13701.68	12629.58	8	50146.64	47226.99	6
EPS*(Rs)	76.5	70.9	'	70.0	66.3	'
Equity	1432.9	1424.6	'	1432.9	1424.6	'
Adj BV (Rs)	454.2	393.9	'	454.2	393.9	'
* EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 2, Figures in Rs crore
Source: Capitaline Corporate Database

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