ICICI Bank reported a 5.2 per cent YoY profit growth in the second quarter of FY26. The private sector bank posted a net profit of Rs 12,358.8 crore in Q2 FY26. Last fiscal year, the bank’s net profit was at Rs 11,745.8 crore in Q2.
Further, ICICI Bank’s Net interest income (NII) increased by 7.4 per cent year-on-year. The bank reported a NII of Rs 21,529 crore in Q2 FY26. In the corresponding quarter of the previous fiscal year, the bank’s NII was at Rs 20,048 crore.
ICICI Bank’s Net Interest Margin remained almost flat in the quarter. The bank’s NIM in Q2 FY26 stood at 4.30 per cent. In the same quarter of the previous fiscal year, its NIM was at 4.27 per cent.
ICICI Bank balance sheet
ICICI Bank’s asset quality improved, with the gross non-performing assets ratio decreasing to 1.58 per cent as of September 30, down from 1.67 per cent at the end of June this year and 1.97 per cent at the end of the year-ago period.
The Mumbai-based bank’s deposit growth was 9.1 per cent during the quarter. Its overall provisions reduced to Rs 914 crore from Rs 1,233 crore year-on-year and Rs 1,815 crore quarter-on-quarter.
The lender’s overall capital adequacy stood at 17.31 per cent as of September 30, with the core buffer at 17.06 per cent. The bank’s other income, which includes income from treasury, rose modestly by 5 per cent as treasury income declined.
Indian lenders have seen a gradual increase in credit demand over the last few months, following several quarters of slowdown. Analysts expect the demand recovery to be more robust in the second half of the fiscal year, helped by recent tax cuts