ICICI Bank Q1 profit rises 15.9% beating estimates

ICICI Bank, India's second-largest private sector lender, reported higher-than-expected quarterly profit on Saturday, July 18, 2026, driven by strong loan growth and lower provisions. For the first quarter of fiscal 2027, ended June 30, the bank posted a standalone net profit of 148.05 billion rupees, a 15.9% increase from the same period a year earlier. The result exceeded analyst expectations.

Net interest income rose 12.7% year-over-year to 243.84 billion rupees, supported by a 19.6% jump in total advances. The bank's net interest margin, a key profitability metric, widened slightly to 4.36%. Total deposits grew by 14% during the quarter.

Management attributed the performance to broad-based growth across its loan portfolio. Domestic corporate loans grew 18.5% year-over-year, while the business banking portfolio increased 28.2%. The rural portfolio, which includes gold loans, surged 35.4%. Retail loans grew 12%, comprising 49.2% of the total loan book. Sandeep Bakhshi, the bank's managing director and CEO, said the bank sees many opportunities to drive risk-calibrated profitable growth and increase market share across key segments.

Asset quality remained stable. The gross...