ICICI Bank Q1 FY27: Profit After Tax Up 15.9% to ₹14,805 Cr; Net Interest Income Grows 12.7%
ICICI Bank reported Q1 FY27 results with Profit After Tax up 15.9% to ₹14,805 crore. Net interest income grew 12.7% to ₹24,384 crore, and net interest margin was 4.36%. Total deposits rose 14.0% year-on-year, while the loan portfolio grew 19.6%. The bank also highlighted its AI initiatives.
The announcement details significant financial results, including profit growth and key performance indicators like net interest income, deposit and loan growth, which are material to investors and the market.
The bank reported strong year-on-year growth in profit after tax, net interest income, fee income, and loan portfolio, alongside robust deposit growth, indicating positive financial performance.
ICICI Bank announced its financial results for the quarter ended June 30, 2026, reporting a profit after tax of ₹14,805 crore, a 15.9% increase year-on-year. Net interest income grew by 12.7% year-on-year to ₹24,384 crore. The net interest margin stood at 4.36% for the quarter. Fee income saw a substantial rise of 23.5% year-on-year, reaching ₹7,286 crore, while operating expenses increased by 10.4% to ₹12,574 crore. Core operating profit grew by 15.6% year-on-year to ₹20,235 crore. Profit before tax, excluding treasury, rose by 20.9% year-on-year to ₹19,75 crore. The bank's standalone Return on Equity (RoE) was 17.1% in Q1 FY27. At June 30, 2026, the bank's net worth was approximately ₹3.5 lakh crore, with a CET-1 ratio of 16.19% and a total capital adequacy ratio of 16.84%.
Deposit growth remained robust, with total period-end deposits increasing by 14.0% year-on-year to ₹10,35,800 crore. Average deposits also grew by 14.0% year-on-year. Current and savings account (CASA) deposits increased by 12.1% year-on-year. The bank expanded its network by opening 97 branches in the quarter, bringing the total to 7,608 branches and 12,190 ATMs and cash recycling machines.
Loan portfolio growth was strong, with the total loan portfolio growing by 19.6% year-on-year to ₹11,61,200 crore. The retail loan portfolio grew by 12.0% year-on-year, with the mortgage portfolio up 14.6% and personal loans up 12.9%. The rural portfolio showed significant growth of 35.4% year-on-year, and the business banking portfolio grew by 28.2%. The domestic corporate portfolio grew by 18.5% year-on-year.
Asset quality saw a slight increase in the net NPA ratio to 0.35% from 0.33% in the previous quarter, but remained lower than 0.41% in the prior year. Gross NPA additions were ₹5,552 crore in Q1 FY27, with recoveries and upgrades of ₹2,845 crore. The bank continues to hold contingency provisions of ₹13,100 crore.
ICICI Bank is also scaling its Artificial Intelligence (AI) and Generative AI initiatives across various functions like portfolio monitoring, customer onboarding, and fraud detection to enhance customer experience and operational efficiency. The bank emphasized its structured approach to AI adoption, focusing on long-term value creation, risk management, and enterprise-wide governance.
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