MUMBAI: ICICI Bank reported net profit of Rs 13,701.7 crore for the quarter ended March 31, 2026, up 8.5% from Rs 12,629.6 crore in the same period last year after asset quality improved.
Full-year net profit for FY26 rose 6.2% to Rs 50,146.6 crore from Rs 47,227 crore in FY25.Interest income for the quarter rose 2.0% to Rs 43,275.4 crore from Rs 42,430.8 crore, while other income rose 0.7% to Rs 7,309.0 crore from Rs 7,260.1 crore, bringing total income to Rs 50,584.4 crore compared to Rs 49,690.9 crore in the previous year. Interest expense decreased by 4.4% to Rs 20,296.3 crore from Rs 21,237.9 crore, resulting in net interest income of Rs 22,979.1 crore compared to Rs 21,192.9 crore, an increase of 8.4%.Operating expenses rose 12.1% to Rs 12,089.0 crore from Rs 10,788.8 crore, resulting in total expenses excluding provisions of Rs 32,385.3 crore versus Rs 32,026.6 crore in the corresponding quarter. Operating profit rose 3.0% to Rs 18,199.1 crore from Rs 17,664.3 crore. Provisions fell sharply by 89.2% to Rs 96.2 crore from Rs 890.7 crore, supporting profit before tax which rose 7.9% to Rs 18,103.0 crore from Rs 16,773.6 crore.
Tax expense rose to Rs 4,401.3 crore from Rs 4,144.0 crore.On the balance sheet, deposits increased 11.4% to Rs 17,94,625.0 crore at the end of March 2026 from Rs 16,10,348.0 crore in the previous year, while advances rose 15.8% to Rs 15,53,893.0 crore from Rs 13,41,766.2 crore. Total assets increased by 12.0% to Rs 23,72,531.0 crore from Rs 21,18,240.0 crore.Asset quality improved during the quarter, with total non-performing assets declining to Rs 23,051.9 crore from Rs 24,166.2 crore in the previous year.
Gross NPA ratio improved to 1.40% from 1.67%, while net NPA ratio decreased to 0.33% from 0.39%.The capital adequacy ratio reached 17.18% compared to 16.55% a year ago, while the return on assets reached 2.40% compared to 2.52% during the corresponding period.For FY26, total income rose to Rs 2,00,703.7 crore from Rs 1,91,770.5 crore in FY25, while interest income rose to Rs 1,69,946.1 crore from Rs 1,63,263.8 crore.
Interest expense remained broadly stable at Rs 81,870.9 crore compared to Rs 82,099.3 crore, supporting growth in net interest income. Operating expenses rose to Rs 47,234.0 crore from Rs 42,372.3 crore, while provisions increased to Rs 5,380.4 crore from Rs 4,682.6 crore.
Operating profit rose to Rs 71,598.9 crore from Rs 67,298.8 crore.The increase in quarterly profits was supported by lower provisions, while income growth remained moderate and operating expenses rose. The full-year profit growth reflects higher operating profits and stable credit costs. Asset quality improved with net active assets declining, which supported earnings during the period.