ICICI Bank Q1 profit rises 15.5%, NIM slips marginally
ADVERTISEMENT
ICICI Bank reported a net profit of ₹12,768 crore, marking a 15.5% year-on-year rise as compared to ₹11,059 crore in Q1 of FY26. Its net interest income (NII) jumped by 10.6% year-on-year to ₹ 21,635 crore, while its net interest margin (NIM) slipped a bit to 4.34% this in this quarter, from 4.41% in Q4FY25 and 4.36% in Q1FY025.
India's second largest private sector lender's profitability was boosted by its non-interest income, excluding treasury, which increased by 13.7% year-on-year to ₹7,264 crore, with fee income growing by 7.5% to ₹5,900 crore and fees from retail, rural and business banking customers constituted about 79% of total fees. Treasury gains were ₹1,241 crore in the first quarter of fiscal 2026, as compared to ₹ 613 crore last year, "primarily reflecting realised and mark-to market gains in fixed income securities and equities," the bank said in its statement.
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
Net domestic advances grew by 12.0% year-on-year and 1.5% sequentially, while the retail loan portfolio grew by 6.9% year-on-year and 0.5% sequentially, and comprised 52.2% of the total loan portfolio for Q1FY26. The business banking portfolio grew by 29.7% year-on-year and 3.7% sequentially, while the domestic corporate portfolio grew by 7.5% year-on-year but declined by 1.4% sequentially.
Provisions (excluding provision for tax) were ₹1,815 crore, compared to ₹1,332 crore in Q1FY25, attributing the decline to the impact of release of AIF related provisions of ₹389 crore. The Bank holds total provisions, other than specific provisions on fund-based outstanding to borrowers classified as non-performing, amounting to ₹22,664 crore or 1.7% of loans.
As per ICICI Bank's Q1 earnings statement, the bank’s total capital adequacy ratio was 16.97% and CET-1 ratio was 16.31% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively. Even the gross non-performing assets (GNPA) ratio showed improvement, easing down to 1.67% from last year's 2.15%.
On consolidated basis, the bank reported profit after tax (PAT) of ₹ 13,558 crore, a 15.9% increase, while assets amounted to ₹ 26,68,636 crore, seeing a growth by 10.9%.
The bank saw a slight uptick in its share price on Friday, with a 0.56% increase to ₹1,426.70 before declaring its Q1 results.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.