Noida, Oct 17 (APAC Media): ICICI Bank on Friday reported a 20% year-on-year increase in net profit to Rs 14,843 crore for the second quarter, compared with Rs 12,359 crore in the year-ago period, the bank said.
The bank’s net interest income (NII) rose 17.7% year-on-year to ₹25,339 crore ($2.6 billion) in Q2 FY2027, compared with ₹21,529 crore ($2.2 billion) in the corresponding quarter last year.
Net interest margin (NIM) stood at 4.18% in Q2 FY2027, down from 4.30% a year earlier and 4.36% in Q1 FY2027. The benefit from interest on tax refunds was negligible during the quarter, compared with 8 basis points in the preceding quarter. Excluding this benefit, NIM in Q1 FY2027 was 4.28%.
Non-interest income, excluding treasury operations, increased 12.5% year-on-year to ₹8,277 crore ($864 million), from ₹7,356 crore ($768 million) in Q2 FY2026.
Fee income grew 20.1% to ₹7,795 crore ($813 million), compared with ₹6,491 crore ($677 million) a year earlier. Retail, rural and business banking customers accounted for around 75% of total fee income during the quarter.
Operating expenses rose 8.5% year-on-year to ₹12,811 crore ($1.3 billion), from ₹11,807 crore ($1.2 billion) in the corresponding quarter of the previous financial year.
The bank reported a treasury loss of ₹230 crore ($24 million) in Q2 FY2027, against a gain of ₹151 crore ($16 million) in Q1 FY2027 and ₹220 crore ($23 million) in Q2 FY2026. The loss primarily reflected market movements.
Asset Quality
The bank’s gross non-performing asset (NPA) ratio improved to 1.20% as of September 30, 2026, from 1.38% in the previous quarter and 1.58% a year earlier. The net NPA ratio declined to 0.30%, compared with 0.35% in June 2026 and 0.39% in September 2025.
Gross NPA additions stood at ₹4,833 crore in Q2 FY2027, down from ₹5,034 crore a year ago. Net additions to gross NPAs, excluding write-offs and sales, declined to ₹1,213 crore from ₹1,386 crore.
The bank wrote off gross NPAs worth ₹1,592 crore during the quarter, while its provisioning coverage ratio stood at 75%.
Outstanding loans to borrowers under resolution, excluding NPAs, declined to ₹1,185 crore as of September 30, 2026, from ₹1,363 crore in the previous quarter and ₹1,624 crore a year earlier.
Loans and non-fund-based exposures to performing corporate borrowers rated BB and below stood at ₹3,547 crore, compared with ₹3,485 crore in June 2026 and ₹3,661 crore in September 2025.
Capital adequacy
ICICI Bank’s total capital adequacy ratio stood at 16.68% and its Common Equity Tier-1 (CET-1) ratio at 16.01% as of September 30, 2026, well above the regulatory minimums of 11.70% and 8.20%, respectively.
The bank acquired an additional 2% stake in ICICI Life Insurance Limited for ₹1,470 crore (USD 153 million) during the second quarter of FY2027.
Consolidated results
On a consolidated basis, the bank’s profit after tax rose to ₹16,333 crore (USD 1.7 billion) in Q2 FY2027 from ₹13,357 crore (USD 1.4 billion) in the corresponding quarter a year ago.
Consolidated assets grew 22.6% year-on-year to ₹32,92,953 crore (USD 343.6 billion) as of September 30, 2026, compared with ₹26,86,485 crore (USD 280.4 billion) a year earlier.
-ENDS–
Disclaimer: This article is for informational purposes only and is based on publicly available information. APAC Media is not responsible for investment decisions or losses. Please conduct your own research or consult a financial adviser before investing.
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