ICICI Bank’s Net Profit grew by 16% from last year to ₹14,804 crore, which was well above the CNBC-TV18 poll estimate of ₹13,616 crore.
Net Interest Income, or core income earned by the lender (NII) increased by 12.1% on a year-on-year basis to ₹24,385 crore, also higher than the estimates by the CNBC-TV18 poll of ₹23,689 crore.
Asset quality for ICICI Bank continues to remain among the best within the private banking group, with gross NPA at 1.38% from 1.4% last quarter and Net NPA at 0.35% from 0.33% last quarter.
In absolute terms, ICICI Bank’s Gross NPA stood at ₹23,847 crore from ₹23,052 crore last quarter, while Net NPA stood at ₹5,908 crore from ₹5,459.5 crore in March.
Provisions for the quarter saw a sharp jump to ₹1,260 crore from just 96 crore in March, but were sharply lower on a year-on-year basis, as the base quarter had a provision figure of ₹1,814.5 crore.
At the end of the June quarter, ICICI Bank holds total provisions worth ₹22,963 crore, or 1.4% of the total loans.
These provisions include ₹13,100 crore worth of contingency provisions, as well as general provisions on standard assets provisions held for non-fund based outstanding to borrowers classified as nonperforming, loan and non-fund based outstanding to standard borrowers under resolution and the BB and below portfolio.
The lender also has standard asset provisions of ₹1,283 crore made in the third quarter of the previous financial year, in-line with the RBI’s agriculture sector priority portfolio, it said in an exchange filing.
ICICI Bank’s Net Interest Margins at the end of the June quarter stood at 4.36% at the end of the June quarter compared to 4.32% in March and 4.34% last year.
Shares of ICICI Bank ended 2.5% higher on Friday at ₹1,454. The stock has mostly outperformed its peers so far in 2026 with returns of close to 10% and is also closing in on its 52-week high of ₹1,500.
