ICICI Bank Reports 8.5% Increase in Q4FY26 Net Profit, Surpassing Rs 50,000 Crore for Full Year
ICICI Bank has announced a robust financial performance for the quarter ending March 31, 2026, reporting a net profit of ₹13,701.7 crore, marking an 8.5% increase from the previous year. The bank’s full-year net profit for FY26 also saw a rise of 6.2%, reaching ₹50,146.6 crore. This growth is attributed to improved asset quality and a decline in provisions, which have positively impacted the bank’s overall financial health.
Quarterly Financial Highlights
In the latest quarter, ICICI Bank’s interest income rose by 2.0% to ₹43,275.4 crore, compared to ₹42,430.8 crore a year earlier. Other income also saw a slight increase of 0.7%, bringing the total income for the quarter to ₹50,584.4 crore, up from ₹49,690.9 crore. Notably, interest expenses decreased by 4.4%, resulting in a net interest income of ₹22,979.1 crore, which is an increase of 8.4% from ₹21,192.9 crore in the same period last year. Despite a rise in operating expenses by 12.1% to ₹12,089.0 crore, the operating profit increased by 3.0% to ₹18,199.1 crore. The bank’s provisions saw a significant decline of 89.2%, supporting a profit before tax of ₹18,103.0 crore, up 7.9% from the previous year.
Balance Sheet Strength
ICICI Bank’s balance sheet reflects strong growth, with total deposits increasing by 11.4% to ₹17,94,625.0 crore as of March 2026, compared to ₹16,10,348.0 crore a year earlier. Advances also rose significantly by 15.8%, reaching ₹15,53,893.0 crore from ₹13,41,766.2 crore. Total assets grew by 12.0%, amounting to ₹23,72,531.0 crore, up from ₹21,18,240.0 crore. The bank’s asset quality showed improvement, with gross non-performing assets (NPAs) declining to ₹23,051.9 crore from ₹24,166.2 crore a year earlier. The gross NPA ratio improved to 1.40%, down from 1.67%, while the net NPA ratio decreased to 0.33% from 0.39%.
Annual Performance Overview
For the fiscal year 2026, ICICI Bank reported a total income of ₹2,00,703.7 crore, an increase from ₹1,91,770.5 crore in FY25. Interest income for the year rose to ₹1,69,946.1 crore, up from ₹1,63,263.8 crore. Interest expenses remained stable at ₹81,870.9 crore, supporting the growth in net interest income. Operating expenses increased to ₹47,234.0 crore from ₹42,372.3 crore, while provisions rose to ₹5,380.4 crore from ₹4,682.6 crore. The operating profit for the year reached ₹71,598.9 crore, compared to ₹67,298.8 crore in the previous fiscal year. The overall profit growth for FY26 was driven by higher operating profit and stable credit costs, alongside improved asset quality, which has bolstered earnings during the period.
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