ICICI Bank reported a 15.9% rise in first-quarter net profit, driven by strong growth in net interest income, robust fee income and lower provisions, joining other big Indian lenders in a spirited April-June showing. Net profit rose to ₹14,805 crore in the quarter ended June 30 from₹12,768 crore a year earlier, said ICICI, the country's second biggest bank by market value.Net interest income grew 12.7% year-on-year to ₹24,384 crore, while fee income increased 23.5% to ₹7,286 crore. Non-interest income, including fee income and treasury income, was largely flat at ₹8,547 crore, compared with ₹8,504 crore in the year-ago quarter. Net interest margin (NIM) stood at 4.36% in the quarter, compared with 4.34% a year ago.Margins benefited from tax refunds and the repricing of deposits, managing director and chief executive officer Sandeep Bakhshi told reporters after the results announcement. He said NIMs are expected to remain range-bound. The lender's provisions, excluding tax, declined to ₹1,260 crore from ₹1,815 crore a year earlier, supporting profit growth.Total advances increased 19.6% year-on-year to ₹16.31 lakh crore, led by 28.2% growth in business banking loans, 35.4% growth in rural loans and 18.5% growth in domestic corporate loans.'Demand for Working Capital' | page 7"The pickup in corporate lending was driven by demand for working capital," Bakhshi said. "We have also seen some moderation in the bond and equity markets, which created opportunities for banks."Deposits rose 14% to ₹18.34 lakh crore. The average current account and savings account (CASA) ratio fell to 38.1% in the quarter from 41.2% a year earlier.Asset quality improved, with the gross non-performing asset ratio declining to 1.38% from 1.67% a year ago. The net NPA ratio stood at 0.35%, compared with 0.41% a year earlier.Exposure to performing corporate borrowers rated BB and below, including fund-based and non-fund-based facilities, stood at ₹3,485 crore as of June 30, 2026, compared with ₹3,519 crore three months earlier. Profit before tax rose 13% to ₹19,126 crore, while core operating profit increased 15.6% to ₹20,235 crore.
ICICI Bank net profit jumps 16%
ICICI Bank has showcased impressive growth, reporting a 15.9% boost in first-quarter net profit, now reaching ₹14,805 crore, up from ₹12,768 crore the year prior. Key factors included a 12.7% increase in net interest income alongside a notable 23.5% rise in fee income. Total advances rose 19.6%, primarily driven by business and rural loans, and the bank experienced enhanced asset quality with a decrease in the gross non-performing asset ratio.
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