ICICI Bank Q4 Profit Up 8.5% to 13,702 Crore Rupees
ICICI Bank announced an 8.5 percent year-on-year increase in standalone net profit for the March quarter of fiscal year 2026, reaching 13,702 crore rupees, driven by steady net interest margins, broad-based loan expansion, and significantly reduced provisions. The results, released on April 18, reflect the second-largest private sector lender's performance amid a stable economic environment in India.
On a consolidated basis, the bank's net profit rose 9 percent to 14,755 crore rupees, compared with 13,502 crore rupees in the same period a year earlier. For the full fiscal year, standalone profit after tax grew 6.2 percent to 50,147 crore rupees, while consolidated profit after tax increased to 54,208 crore rupees. Core net interest income climbed 8.4 percent to 22,979 crore rupees, supported by a stable net interest margin of 4.32 percent. Executive Director Sandeep Batra noted that margins would likely remain range-bound in the upcoming fiscal year, stating, "We do expect NIMs to be rangebound in FY27."
Loan growth remained robust at 15.8 percent year-on-year, pushing total advances to 15.5 lakh crore rupees, with contributions from retail, rural, and business banking segments....