ICICI Bank Q1 net profit up 14% YoY at ₹15,440 crore, deposits grow 14%
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ICICI Bank today logged a 13.88 per cent increase in consolidated net profit year on year for Q1, FY27 at ₹15,440 crore, compared with ₹13,558 crore in the same quarter of the previous financial year.
The bank witnessed an increase of 12.7 per cent in net interest income (NII) year-on-year to ₹24,384 crore during the quarter. This comes on the back of about 20 per cent hike in advances and a slight widening in the net interest margin to 4.36 per cent.
The lender logged deposit growth of 14 per cent.
The other income, excluding treasury income, increased by 16 per cent on-year to ₹8,425 crore for the reporting quarter, and the bank also reported a treasury gain of ₹151 crore.
The bank witnessed an improvement in the asset quality as the gross non-performing assets ratio improved to 1.38 per cent from 1.67 per cent a year ago and 1.40 per cent at the end of March this year. Also, provisions, stood at ₹1,260 crore in Q1, down from ₹1,815 crore in Q1FY26. The overall capital adequacy stood at 16.84 per cent as on June 30, 2026, according to a release shared by the bank.
“Profit before tax excluding treasury grew by 20.9% year-on-year to ₹18,975 crore
in the quarter ended June 30, 2026. Core operating profit grew by 15.6% year-on-year to ₹ 20,235 crore in Q1-2027. Core operating profit excluding dividend from subsidiaries grew by 18.3% year[1]on-year to ₹19,125 crore in Q1-2027,” the bank said in a release.
“On the deposits front, the total period-end deposits grew by 14.0% year-on-year to ₹ 18,33,586 crore as of June 30, 2026. “Average deposits grew by 14% year-on-year to ₹ 17,48,028 crore in Q1-2027,” it added.
“The average current account and savings account (CASA) ratio stood at 38.1% in Q1-2027 and the total loan portfolio grew by 19.6% year-on-year to ₹16,31,260 crore as on June 30, 2026. Net NPA ratio was 0.35% at June 30, 2026. Total capital adequacy ratio was 16.84% and CET-1 ratio was 16.19%, on a standalone basis, as of June 30, 2026,” the bank said in the release.