• Profit before tax excluding treasury grew by 10.1% year-on-year to ₹ 18,209 crore (US$ 1.9 billion) in the quarter ended March 31, 2026 (Q4-2026)
  
  
• Core operating profit grew by 5.1% year-on-year to ₹ 18,305 crore (US$ 1.9 billion) in Q4-2026
  
  
• Profit after tax grew by 8.5% year-on-year to ₹ 13,702 crore (US$ 1.4 billion) in Q4-2026
  
  
• Profit before tax excluding treasury grew by 7.1% year-on-year to ₹ 65,021 crore (US$ 6.9 billion) in the year ended March 31, 2026 (FY2026)
  
  
• Core operating profit grew by 7.7% year-on-year to ₹ 70,401 crore (US$ 7.4 billion) in FY2026
  
  
• Profit after tax grew by 6.2% year-on-year to ₹ 50,147 crore (US$ 5.3 billion) in FY2026
  
  
• Consolidated profit after tax increased by 9.3% year-on-year to ₹ 14,755 crore (US$ 1.6 billion) in Q4-2026 and by 6.2% year-on-year to ₹ 54,208 crore (US$ 5.7 billion) in FY2026
  
  
• Total period-end deposits grew by 11.4% year-on-year to ₹ 17,94,625 crore (US$ 189.2 billion) at March 31, 2026
  
  
  • Average current account and savings account (CASA) ratio was 38.6% in Q4-2026
    
    
• Total loan portfolio grew by 15.8% year-on-year to ₹ 15,53,893 crore (US$ 163.9 billion) at March 31, 2026
  
  
• Net NPA ratio was 0.33% at March 31, 2026
  
  
• Total capital adequacy ratio was 17.18% and CET-1 ratio was 16.35%, on a standalone basis, at March 31, 2026 after reckoning the impact of proposed dividend
  
  
• The Board has recommended a dividend of ₹ 12 per share for FY2026. The declaration and payment of dividend is subject to requisite approvals

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 March 31, 2026 (Q4-2026) and the year ended March 31, 2026 (FY2026). The statutory auditors have audited the standalone and consolidated financial statements and have issued an unmodified report on the standalone and consolidated financial statements for FY2026.

Profit & loss account

• Profit before tax excluding treasury increased by 10.1% to ₹ 18,209 crore (US$ 1.9 billion) in Q4-2026 compared to ₹ 16,534 crore (US$ 1.7 billion) in the quarter ended March 31, 2025 (Q4-2025)
  
  
• Core operating profit increased by 5.1% year-on-year to ₹ 18,305 crore (US$ 1.9 billion) in Q4-2026 from ₹ 17,425 crore (US$ 1.8 billion) in Q4-2025)
  
  
• Net interest income (NII) increased by 8.4% year-on-year to ₹ 22,979 crore (US$ 2.4 billion) in Q4-2026 from ₹ 21,193 crore (US$ 2.2 billion) in Q4-2025.
  
  
• Net interest margin was 4.32% in Q4-2026 compared to 4.30% in Q3-2026. The net interest margin in FY2026 was 4.32%, similar to FY2025.
  
  
• Non-interest income, excluding treasury, increased by 5.6% year-on-year to ₹ 7,415 crore (US$ 782 million) in Q4-2026 from ₹ 7,021 crore (US$ 740 million) in Q4-2025
  
  
• Fee income increased by 7.5% year-on-year to ₹ 6,779 crore (US$ 715 million) in Q4-2026 from ₹ 6,306 crore (US$ 665 million) in Q4-2025. Fees from retail, rural and business banking customers constituted about 78% of total fees in Q4-2026
  
  
• Operating expenses increased by 12.0% year-on-year to ₹ 12,089 crore (US$ 1.3 billion) in Q4-2026 from ₹ 10,789 crore (US$ 1.1 billion) in Q4-2025
  
  
• There was a treasury loss of ₹ 106 crore (US$ 11 million) in Q4-2026 as compared to loss of ₹ 157 crore (US$ 17 million) in Q3-2026 and gain of ₹ 239 crore (US$ 25 million) in Q4-2025
  
  
• Provisions (excluding provision for tax) decreased to ₹ 96 crore (US$ 10 million) in Q4-2026 from ₹ 891 crore (US$ 94 million) in Q4-2025 reflecting healthy asset quality and higher recoveries and write-backs. At March 31, 2026, the Bank continued to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion), and additional standard asset provision of ₹ 1,283 crore (US$ 135 million) made in Q3-2026 as directed by RBI in respect of the agricultural priority sector portfolio
  
  
• Profit before tax increased by 7.9% year-on-year to ₹ 18,103 crore (US$ 1.9 billion) in Q4-2026 from ₹ 16,773 crore (US$ 1.8 billion) in Q4-2025
  
  
• Profit after tax increased by 8.5% year-on-year to ₹ 13,702 crore (US$ 1.4 billion) in Q4-2026 compared to ₹ 12,630 crore (US$ 1.3 billion) in Q4-2025
  
  
• Profit after tax increased by 6.2% year-on-year to ₹ 50,147 crore (US$ 5.3 billion) in FY2026 from ₹ 47,227 crore (US$ 5.0 billion) in the year ended March 31, 2025 (FY2025)

Credit growth

Total advances increased by 15.8% year-on-year and 6.0% sequentially to ₹15,53,893 crore (US$ 163.9 billion) at March 31, 2026. The retail loan portfolio grew by 9.5% year-on-year and 4.2% sequentially, and comprised 50.4% of the total loan portfolio at March 31, 2026. Including non-fund outstanding, the retail portfolio was 41.7% of the total portfolio at March 31, 2026. The business banking portfolio grew by 24.4% year-on-year and 7.6% sequentially at March 31, 2026. The rural portfolio grew by 25.6% year-on-year and 18.0% sequentially at March 31, 2026. The domestic corporate portfolio grew by 9.3% year-on-year and 3.1% sequentially at March 31, 2026. The domestic advances grew by 15.3% year-on-year and 5.6% sequentially at March 31, 2026.

Deposit growth

Total period-end deposits increased by 11.4% year-on-year and 8.1% sequentially to ₹ 17,94,625 crore (US$ 189.2 billion) at March 31, 2026. Average current and savings account deposits increased by 11.3% year-on-year and 2.7% sequentially in Q4-2026.

With the addition of 126 branches during Q4-2026 and 528 branches in FY2026, the Bank had a network of 7,511 branches and 12,087 ATMs & cash recycling machines at March 31, 2026. 

Asset quality

The gross NPA ratio was 1.40% at March 31, 2026 compared to 1.53% at December 31, 2025 and 1.67% at March 31, 2025. The net NPA ratio was 0.33% at March 31, 2026 compared to 0.37% at December 31, 2025 and 0.39% at March 31, 2025. The gross NPA additions were ₹ 4,242 crore (US$ 447 million) in Q4-2026 compared to ₹ 5,142 crore (US$ 542 million) in Q4-2025. Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 3,068 crore (US$ 324 million) in Q4-2026 compared to ₹ 3,817 crore (US$ 402 million) in Q4-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ 1,174 crore (US$ 124 million) in Q4-2026 compared to ₹ 1,325 crore (US$ 140 million) in Q4-2025. The Bank has written-off gross NPAs amounting to ₹ 1,768 crore (US$ 186 million) in Q4-2026. The provisioning coverage ratio on non-performing loans was 75.8% at March 31, 2026.

Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 1,496 crore (US$ 158 million) at March 31, 2026 from Rs. 1,666 crore (US$ 176 million) at December 31, 2025.

The loan and non-fund based outstanding to performing corporate borrowers rated BB and below was ₹ 3,519 crore (US$ 371 million) at March 31, 2026 compared to ₹ 3,392 crore (US$ 358 million) at December 31, 2025.

At March 31, 2026, the Bank holds total provisions, other than specific provisions on fund-based outstanding to borrowers classified as non-performing, amounting to ₹ 22,710 crore (US$ 2.4 billion) or 1.5% of loans. These provisions include the contingency provisions of ₹ 13,100 crore (US$ 1.5 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$ 135 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 March 31, 2026 was 17.18% and CET-1 ratio was 16.35% after reckoning the impact of proposed dividend compared to the minimum regulatory requirements of 11.70% and 8.20% respectively.

Dividend on equity shares

The Board has recommended a dividend of ₹ 12 per share (equivalent to dividend of US$ 0.25 per ADS) in line with applicable guidelines. The declaration of dividend is subject to requisite approvals. The record/book closure dates will be announced in due course.

Consolidated results

The consolidated profit after tax increased to ₹ 14,755 crore (US$ 1.6 billion) in Q4-2026 from ₹ 13,502 crore (US$ 1.4 billion) in Q4-2025

Consolidated assets grew by 10.3% year-on-year to ₹ 29,14,498 crore (US$ 307.3 billion) at March 31, 2026 from ₹ 26,42,241 crore (US$ 278.6 billion) at March 31, 2025.

Key subsidiaries

The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) increased to ₹ 10,641 crore (US$ 1.1 billion) in FY2026 from ₹ 10,407 crore (US$ 1.1 billion) in FY2025. Value of New Business (VNB) of ICICI Life increased to ₹ 2,629 crore (US$ 277 million) in FY2026 from ₹ 2,370 crore (US$ 250 million) in FY2025. The VNB margin was 24.7% in FY2026 compared to 22.8% in FY2025. The profit after tax increased to ₹ 1,600 crore (US$ 169 million) in FY2026 from ₹ 1,189 crore (US$ 125 million) in FY2025 and ₹ 609 crore (US$ 64 million) in Q4-2026 from ₹ 386 crore (US$ 41 million) in Q4-2025.

The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) increased to ₹ 28,712 crore (US$ 3.0 billion) in FY2026 from ₹ 26,833 crore (US$ 2.8 billion) in FY2025. The combined ratio stood at 103.4% in FY2026 compared to 102.8% in FY2025. The profit after tax of ICICI General grew by 10.5% to ₹ 2,772 crore (US$ 292 million) in FY2026 from ₹ 2,508 crore (US$ 264 million) in FY2025. The profit after tax of ICICI General increased to ₹ 547 crore (US$ 58 million) in Q4-2026 from ₹ 510 crore (US$ 54 million) in Q4-2025.

The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, increased to ₹ 763 crore (US$ 80 million) in Q4-2026 from ₹ 692 crore (US$ 73 million) in Q4-2025.

The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 422 crore (US$ 44 million) in Q4-2026 compared to ₹ 381 crore (US$ 40 million) in Q4-2025.

The profit after tax of ICICI Home Finance, as per Ind AS, was ₹ 249 crore (US$ 26 million) in Q4-2026 compared to ₹ 241 crore (US$ 25 million) in Q4-2025.

Summary Profit and Loss Statement (as per standalone Indian GAAP accounts)

1. Includes the impact of ₹145 crore (US$ 15 million) towards estimated additional provisions for employee expenses pursuant to the new Labour Codes
   
   
2. Excluding treasury
   
   
3. Following its annual supervisory review, Reserve Bank of India directed the Bank to make a standard asset provision of ₹ 1,283 crore (US$ 135 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
   
   
4. Prior period numbers have been re-arranged wherever necessary

Summary balance sheet

1. The Bank continues to hold contingency provision of ₹ 13,100 crore (US$ 1.5 billion) at March 31, 2026
   
   
2. The Bank purchased 2% additional shareholding in ICICI Prudential AMC from Prudential Corporation Holdings Limited for a consideration of ₹ 2,140 crore (US$ 226 million)
   
   
3. The Bank infused ₹ 500 crore (US$53 million) in ICICI Home Finance
   
   
4. 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)
   
   
5. 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@icicibank.com / datta.kausik@icicibank.com or corporate.communications@icicibank.com

For investor queries please email Abhinek Bhargava at abhinek.bhargava@icicibank.com or Nitesh Kalantri at nitesh.kalantri@icicibank.com or ir@icicibank.com.

1 crore = 10.0 million

US$ amounts represent convenience translations at US$1= ₹ 94.84