The rural portfolio recorded the fastest growth at 35.4 per cent, followed by business banking portfolio (28.2 per cent), domestic corporate (18.5 per cent) and retail (12 per cent)
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ICICI Bank reported a healthy 16 per cent year-on-year (y-o-y) increase in first quarter (Q1FY27) standalone net profit to ₹14,805 crore, with the bottom line supported by growth in both net interest income and non-interest income, coupled with a decline in provisions.India’s second largest private sector bank had recorded a net profit of ₹12,768 crore in the year ago period.To a specific question on whether the net interest margin (NIM) of 4.36 per cent in Q1FY27 (4.34 per cent in Q1FY26) is sustainable, Sandeep Batra, Executive Director, ICICI Bank, said: “This quarter, we benefited from income tax refunds, which helped in margin improvement.”“The margins in Q1 also reflect the benefits of term deposits repricing and higher interest refunds, partially offset by higher interest reversals of Kisan Credit Card portfolio,” he added.Batra noted that the NIM in FY27 is expected to remain range-bound, assuming there are no significant interest rate movements.“Of course, there will be some impact on account of FCNR (B) deposit program and loans against these deposits, which would be marginally NIM dilutive,” Batra said.On mobilisation of fresh FCNR (B)/ Foreign Currency Non-Resident (Bank) under the RBI’s concessional swap window, the ICICI Bank ED said the Bank will offer leverage based on the customer profile and whatever leverage its partners are willing to offer. The Bank will be raising bonds in the overseas markets to provide NRIs leverage.“I think the customers will get a reasonable return. And we do expect a decent pickup (in FCNR deposit mobilisation) to happen over the next couple of months,” he said.During the reporting quarter, ICICI Bank’s net interest income (NII), (difference between interest earned and interest expended) rose 13 per cent y-o-y to ₹24,384 crore ( ₹21,635 crore in the year ago period).Total non-interest income, comprising fee income, dividend income from subsidiaries, and other, increased about 16 per cent y-o-y to ₹8,425 crore from ₹7,264 crore a year earlier. Treasury income declined sharply by 88 per cent to ₹151 crore, compared to ₹1,241 crore in a year ago period.Provisions, including towards non-performing assets and standard assets, fell 31 per cent to ₹1,260 crore ( ₹1,815 crore).Gross advances increased by about 20 per cent y-o-y to ₹16,31,260 crore as at June-end 2026 driven by strong growth across segments. The rural portfolio recorded the fastest growth at 35.4 per cent, followed by business banking portfolio (28.2 per cent), domestic corporate (18.5 per cent) and retail (12 per cent).Total deposits rose 14 per cent y-o-y to ₹18,33,586 croreas at June-end 2026. The share of average CASA (current account, savings account) deposits in total deposits edged down to 38.1 per cent, compared with 38.7 per cent in the corresponding quarter of the previous year.Published on July 18, 2026
