July 18, 2026
DOWNLOAD PDF
Profit before tax excluding treasury grew by 20.9% year-on-year to ₹ 18,975 crore (US$ 2.0 billion) in the quarter ended June 30, 2026 (Q1-2027)
Core operating profit grew by 15.6% year-on-year to ₹ 20,235 crore (US$ 2.1 billion) in Q1-2027
Core operating profit excluding dividend from subsidiaries grew by 18.3% year-on-year to ₹ 19,125 crore (US$ 2.0 billion) in Q1-2027
Profit after tax grew by 15.9% year-on-year to ₹ 14,805 crore (US$ 1.6 billion) in Q1-2027
Total period-end deposits grew by 14.0% year-on-year to ₹ 18,33,586 crore (US$ 193.7 billion) at June 30, 2026
Average deposits grew by 14.0% year-on-year to ₹ 17,48,028 crore (US$ 184.7 billion) in Q1-2027
Average current account and savings account (CASA) ratio was 38.1% in Q1-2027
Total loan portfolio grew by 19.6% year-on-year to ₹ 16,31,260 crore (US$ 172.3 billion) at June 30, 2026
Net NPA ratio was 0.35% at June 30, 2026
Total capital adequacy ratio was 16.84% and CET-1 ratio was 16.19%, on a standalone basis, at June 30, 2026
The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) at its meeting held at Mumbai today, approved the standalone and consolidated accounts of the Bank for the quarter ended June 30, 2026 (Q1-2027). The statutory auditors have conducted a limited review and have issued an unmodified report on the standalone and consolidated financial statements for the quarter ended June 30, 2026.
Profit & loss account
Profit before tax excluding treasury increased by 20.9% to ₹ 18,975 crore (US$ 2.0 billion) in Q1-2027 compared to ₹ 15,690 crore (US$ 1.7 billion) in the quarter ended June 30, 2025 (Q1-2026)
Core operating profit increased by 15.6% year-on-year to ₹ 20,235 crore (US$ 2.1 billion) in Q1-2027 from ₹ 17,505 crore (US$ 1.8 billion) in Q1-2026
Core operating profit excluding dividend from subsidiaries increased by 18.3% year-on-year to ₹ 19,125 crore (US$ 2.0 billion) in Q1-2027 from ₹ 16,169 crore (US$ 1.7 billion) in Q1-2026
Net interest income (NII) increased by 12.7% year-on-year to ₹ 24,384 crore (US$ 2.6 billion) in Q1-2027 from ₹ 21,635 crore (US$ 2.3 billion) in Q1-2026
Net interest margin was 4.36% in Q1-2027 compared to 4.32% in Q4-2026 and 4.34% in Q1-2026
Non-interest income, excluding treasury, increased by 16.0% year-on-year to ₹ 8,425 crore (US$ 890 million) in Q1-2027 from ₹ 7,264 crore (US$ 767 million) in Q1-2026
Fee income increased by 23.5% year-on-year to ₹ 7,286 crore (US$ 770 million) in Q1-2027 from ₹ 5,900 crore (US$ 623 million) in Q1-2026. Fees from retail, rural and business banking customers constituted about 72% of total fees in Q1-2027
Operating expenses increased by 10.4% year-on-year to ₹ 12,574 crore (US$ 1.3 billion) in Q1-2027 from ₹ 11,394 crore (US$ 1.2 billion) in Q1-2026
There was a treasury gain of ₹ 151 crore (US$ 16 million) in Q1-2027 as compared to loss of ₹ 106 crore (US$ 11 million) in Q4-2026 and gain of ₹ 1,241 crore (US$ 131 million) in Q1-2026
Provisions (excluding provision for tax) was ₹ 1,260 crore (US$ 133 million) in Q1-2027 from ₹ 1,815 crore (US$ 192 million) in Q1-2026. At June 30, 2026, the Bank continued to hold contingency provision of ₹ 13,100 crore (US$ 1.4 billion), and additional standard asset provision of ₹ 1,283 crore (US$ 136 million) made in Q3-2026 as directed by RBI in respect of the agricultural priority sector portfolio.
Profit before tax increased by 13.0% year-on-year to ₹ 19,126 crore (US$ 2.0 billion) in Q1-2027 from ₹ 16,931 crore (US$ 1.8 billion) in Q1-2026
Profit after tax increased by 15.9% year-on-year to ₹ 14,805 crore (US$ 1.6 billion) in Q1-2027 compared to ₹ 12,768 crore (US$ 1.3 billion) in Q1-2026
Credit growth
Total advances increased by 19.6% year-on-year and 5.0% sequentially to ₹ 16,31,260 crore (US$ 172.3 billion) at June 30, 2026. The retail loan portfolio grew by 12.0% year-on-year and 2.7% sequentially, and comprised 49.2% of the total loan portfolio at June 30, 2026. Including non-fund outstanding, the retail portfolio was 41.1% of the total portfolio at June 30, 2026. The business banking portfolio grew by 28.2% year-on-year and 6.9% sequentially at June 30, 2026. The rural portfolio grew by 35.4% year-on-year and 6.2% sequentially at June 30, 2026. The domestic corporate portfolio grew by 18.5% year-on-year and 6.9% sequentially at June 30, 2026. The domestic advances grew by 18.8% year-on-year and 4.6% sequentially at June 30, 2026.
Deposit growth
Total period-end deposits increased by 14.0% year-on-year and 2.2% sequentially to ₹ 18,33,586 crore (US$ 193.7 billion) at June 30, 2026. Average deposits increased by 14.0% year-on-year and 6.1% sequentially to ₹ 17,48,028 crore (US$ 184.7 billion) in Q1-2027. Average current and savings account deposits increased by 12.1% year-on-year and 4.7% sequentially in Q1-2027.
With the addition of 97 branches during Q1-2027, the Bank had a network of 7,608 branches and 12,190 ATMs & cash recycling machines at June 30, 2026.
Asset quality
The gross NPA ratio was 1.38% at June 30, 2026 compared to 1.40% at March 31, 2026 and 1.67% at June 30, 2025. The net NPA ratio was 0.35% at June 30, 2026 compared to 0.33% at March 31, 2026 and 0.41% at June 30, 2025. The gross NPA additions were ₹ 5,552 crore (US$ 587 million) in Q1-2027 compared to ₹ 6,245 crore (US$ 660 million) in Q1-2026. Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 2,845 crore (US$ 301 million) in Q1-2027 compared to ₹ 3,211 crore (US$ 339 million) in Q1-2026. The net additions to gross NPAs, excluding write-offs and sale, were ₹ 2,707 crore (US$ 286 million) in Q1-2027 compared to ₹ 3,034 crore (US$ 321 million) in Q1-2026. The Bank has written-off gross NPAs amounting to ₹ 1,673 crore (US$ 177 million) in Q1-2027. The provisioning coverage ratio on non-performing loans was 74.7% at June 30, 2026.
Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 1,363 crore (US$ 144 million) at June 30, 2026 from ₹ 1,496 crore (US$ 158 million) at March 31, 2026 and ₹ 1,788 crore (US$ 189 million) at June 30, 2025.
The loan and non-fund based outstanding to performing corporate borrowers rated BB and below was ₹ 3,485 crore (US$ 368 million) at June 30, 2026 compared to ₹ 3,519 crore (US$ 372 million) at March 31, 2026 and ₹ 2,995 crore (US$ 316 million) at June 30, 2025.
At June 30, 2026, the Bank holds total provisions, other than specific provisions on fund-based outstanding to borrowers classified as non-performing, amounting to ₹ 22,963 crore (US$ 2.4 billion) or 1.4% of loans. These provisions include the contingency provisions of ₹ 13,100 crore (US$ 1.4 billion) as well as general provision on standard assets, provisions held for non-fund based outstanding to borrowers classified as non-performing, loan and non-fund based outstanding to standard borrowers under resolution and the BB and below portfolio. The Bank also continued to hold additional standard asset provision of ₹ 1,283 crore (US$ 136 million) made in Q3-2026 as directed by RBI in respect of the agricultural priority sector portfolio.
Capital adequacy
The Bank’s total capital adequacy ratio at June 30, 2026 was 16.84% and CET-1 ratio was 16.19% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively.
Consolidated results
The consolidated profit after tax increased to ₹ 15,440 crore (US$ 1.6 billion) in Q1-2027 from ₹ 13,558 crore (US$ 1.4 billion) in Q1-2026
Consolidated assets grew by 12.5% year-on-year to ₹ 30,02,407 crore (US$ 317.2 billion) at June 30, 2026 from ₹ 26,68,636 crore (US$ 281.9 billion) at June 30, 2025.
Key subsidiaries
The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) increased to ₹ 2,136 crore (US$ 226 million) in Q1-2027 from ₹ 1,864 crore (US$ 197 million) in Q1-2026. Value of New Business (VNB) of ICICI Life increased to ₹ 571 crore (US$ 60 million) in Q1-2027 from ₹ 457 crore (US$ 48 million) in Q1-2026. The VNB margin was 26.7% in Q1-2027 compared to 24.7% in FY2026. The profit after tax increased to ₹ 386 crore (US$ 41 million) in Q1-2027 from ₹ 302 crore (US$ 32 million) in Q1-2026.
The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) increased to ₹ 8,318 crore (US$ 879 million) in Q1-2027 from ₹ 7,735 crore (US$ 817 million) in Q1-2026. The combined ratio stood at 107.2% in Q1-2027 compared to 102.9% in Q1-2026. The profit after tax of ICICI General was ₹ 403 crore (US$ 43 million) in Q1-2027 compared to ₹ 747 crore (US$ 79 million) in Q1-2026.
The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, increased to ₹ 965 crore (US$ 102 million) in Q1-2027 from ₹ 784 crore (US$ 83 million) in Q1-2026.
The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 419 crore (US$ 44 million) in Q1-2027 compared to ₹ 391 crore (US$ 41 million) in Q1-2026.
The profit after tax of ICICI Home Finance, as per Ind AS, was ₹ 200 crore (US$ 21 million) in Q1-2027 compared to ₹ 214 crore (US$ 23 million) in Q1-2026.
Summary Profit and Loss Statement (as per standalone Indian GAAP accounts)
|
|
| ₹ crore | |
|---|---|---|---|---|
FY2026 | Q1-2026 | Q4-2026 | Q1-2027 | |
Audited | Unaudited | Audited | Unaudited | |
Net interest income | 88,075 | 21,635 | 22,979 | 24,384 |
Non-interest income | 29,560 | 7,264 | 7,415 | 8,425 |
- Fee income | 25,742 | 5,900 | 6,779 | 7,286 |
- Dividend income from subsidiaries | 3,458 | 1,336 | 631 | 1,110 |
- Other income | 360 | 28 | 5 | 29 |
Less: | ||||
Operating expense | 47,234 | 11,394 | 12,089 | 12,574 |
Core operating profit1 | 70,401 | 17,505 | 18,305 | 20,235 |
Provisions | 5,3802 | 1,815 | 96 | 1,260 |
Profit before tax excl. treasury | 65,021 | 15,690 | 18,209 | 18,975 |
Treasury income | 1,198 | 1,241 | (106) | 151 |
Profit before tax | 66,219 | 16,931 | 18,103 | 19,126 |
Less: | ||||
Provision for taxes | 16,072 | 4,163 | 4,401 | 4,321 |
Profit after tax | 50,147 | 12,768 | 13,702 | 14,805 |
Excluding treasury
Following its annual supervisory review, Reserve Bank of India directed the Bank to make a standard asset provision of ₹ 1,283 crore (US$ 136 million) in respect of a portfolio of agricultural priority sector credit facilities wherein the terms of the facilities were found to be not fully compliant with the regulatory requirements for classification as agricultural priority sector lending. This additional standard asset provision will continue until the loans are repaid or renewed in conformity with the PSL classification guidelines
Prior period numbers have been re-arranged wherever necessary
Summary Balance Sheet
|
| ₹ crore | |
|---|---|---|---|
30-Jun-25 | 31-Mar-26 | 30-Jun-26 | |
Unaudited | Audited | Unaudited | |
Capital and liabilities | |||
Capital | 1,427 | 1,432 | 1,435 |
Employee stock options outstanding | 2,143 | 2,682 | 2,712 |
Reserves and surplus | 3,02,751 | 3,33,257 | 3,49,344 |
Deposits | 16,08,517 | 17,94,625 | 18,33,586 |
Borrowings (includes subordinated debt) | 1,17,095 | 1,24,994 | 1,26,292 |
Other liabilities and provisions1 | 91,906 | 1,15,541 | 1,19,057 |
Total capital and liabilities | 21,23,839 | 23,72,531 | 24,32,426 |
Assets | |||
Cash and balances with Reserve Bank of India | 96,454 | 1,21,024 | 73,943 |
Balances with banks and money at call and short notice | 68,144 | 1,09,311 | 89,104 |
Investments | 5,07,707 | 4,92,2172 | 5,38,534 |
Advances | 13,64,157 | 15,53,893 | 16,31,260 |
Fixed assets | 12,878 | 13,922 | 13,813 |
Other assets | 74,499 | 82,164 | 85,772 |
Total assets | 21,23,839 | 23,72,531 | 24,32,426 |
The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.4 billion) at June 30, 2026
The Bank acquired 100% shareholding in ICICI Pension Fund Management Limited from ICICI Prudential Life Insurance Limited for a consideration of ₹ 204 crore (US$ 22 million)
Prior period figures have been re-grouped/re-arranged wherever necessary
Certain definitions in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions, political or economic instability in the jurisdictions where the Bank has operations or which affect global or Indian economic conditions, increase in nonperforming loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that the Bank believes to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov
This release does not constitute an offer of securities.
For further press queries please email Sujit Ganguli / Kausik Datta at sujit.ganguli@icici.bank.in / datta.kausik@icici.bank.in or corporate.communications@icici.bank.in
For investor queries please email Abhinek Bhargava at abhinek.bhargava@icici.bank.in or Nitesh Kalantri at nitesh.kalantri@icici.bank.in or ir@icici.bank.in.
1 crore = 10.0 million
US$ amounts represent convenience translations at US$1= ₹ 94.66