ICICI Bank
Asset quality stable: The bank has maintained stable asset quality in Q1FY2026.
The fresh slippages of loans stood at Rs 6245 crore in Q1FY2026 compared with 5142 crore in previous quarter and Rs 5916 crore in the corresponding quarter last year. The recoveries and upgradations of NPAs stood at Rs 3211 crore and the write-off of loans was at Rs 2359 crore in Q1FY2026. The standard restructured loan book of the bank stood at Rs 1145 crore end June 2025 compared to Rs 1313 crore a quarter ago. Provision coverage ratio eased to 75.30% at end June 2025 compared to 76.20% a quarter ago and 79.70% a year ago. The capital adequacy ratio of the bank stood at 16.3% with Tier I ratio at 15.7% at end June 2025. The risk weighted assets of the bank has increased 16% YoY to Rs 1648966 crore end June 2025,| Asset Quality Indicators: ICICI Bank | |||||||
| ? | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Variation | |
| QoQ | YoY | ||||||
| Gross NPA (Rs Crore) | 24732.65 | 24166.18 | 27745.33 | 27121.15 | 28718.63 | 2 | -14 |
| Net NPA (Rs Crore) | 5971.09 | 5589.41 | 5897.76 | 5685.14 | 5684.79 | 7 | 5 |
| % Gross NPA | 1.67 | 1.67 | 1.96 | 1.97 | 2.15 | 0 | -48 |
| % Net NPA | 0.41 | 0.39 | 0.42 | 0.42 | 0.43 | 2 | -2 |
| % PCR | 75.30 | 76.20 | 78.20 | 78.50 | 79.70 | -90 | -440 |
| % CRAR - Basel III | 16.31 | 16.55 | 14.71 | 15.35 | 15.96 | -24 | 35 |
| % CRAR - Tier I - Basel III | 15.65 | 15.94 | 14.04 | 14.65 | 15.24 | -29 | 41 |
| Variation in basis points for figures given in percentages and in % for figures in Rs crore | |||||||
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Business Highlights:
Healthy business growth: The business of the bank has increased 12% YoY to Rs 2972674 crore end June 2025, driven by 12% surge in advances to Rs 1364157 crore. Deposits moved up 13% to Rs 1608517 crore at end June 2025.
Healthy CASA deposits ratio: The CASA deposits of the bank increased 14% YoY to Rs 662813 crore at end June 2025. The current account deposits increased 23% to Rs 216971 crore, while saving account deposits moved up 9% to Rs 445842 crore end June 2025. The CASA ratio rose to 41.2% at end June 2025 compared to 40.9% at end June 2024, while declined from 41.8% a quarter ago. The term deposits have increased 12% to Rs 945704 crore end June 2025.
Double digit loan growth: Advances growth was driven by retail loans rising 7% YoY to Rs 720540 crore at end June 2025, while credit to agriculture was flat at Rs 77151 crore and MSME 30% to Rs 273083 crore at end June 2025. The corporate credit has moved up 7% to Rs 273083 crore end June 2025. The overseas credit has declined 5% to Rs 32961 crore end June 2025.
Investment book of the bank increased 7% YoY to Rs 507707 crore at end June 2025. The SLR book moved up 3% to Rs 392027 crore, while non SLR book increased 21% to Rs 115680 crore at end June 2025.
Margins stable: The bank has shown 1 bps YoY rise in cost of deposits to 4.85%, while yield on advances declined 27 bps YoY to 9.53% in Q1FY2026. Thus, the NIM has eased marginally by 2 bps YoY, while declined 7 bps qoq to 4.34% in Q1FY2026.
Branch expansion: The bank has added 83 branches and reduced 2909 ATMs in Q1FY2026, taking overall tally to 7066 branches and 13376 ATM`s end June 2025.
Book value of the bank stood at Rs 421.0 per share at end June 2025, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 412.5 per share at end June 2025.
Quarterly Performance
NII rises on stable NIM: Bank has recorded 10% increase in the interest earned at Rs 42946.91 crore, while interest expenses increased 10% to Rs 21312.45 crore in Q1FY2026. NII improved 11% to Rs 21634.46 crore in the quarter ended June 2025.
Healthy growth in non-interest income: Bank has posted strong 7% growth in core fee income to Rs 5900 crore, while the treasury income surged 102% to Rs 1241 crore and other income increased 460% to Rs 28 crore, leading to 21% jump in the overall non-interest income to Rs 8504.90 crore in the quarter ended June 2025.
Expense ratio improves: The operating expenses of the bank increased 8% to Rs 11393.52 crore, as other expenses moved up 8% to Rs 6650.44 crore, while employee expenses increased 9% to Rs 4743.08 crore in Q1FY2026. Cost to income ratio improved to 37.8% in Q1FY2026 compared with 39.7% in Q1FY2025, helping the Operating Profit to increase 17% to Rs 18745.84 crore.
Provisions and contingencies jump: The bank has shown 36% jump in provisions to Rs 1814.57 crore.
Effective tax rate declined to 24.6% in Q1FY2026 from 24.7% in Q1FY2025. Net Profit rose by 15% YoY to Rs 12768.21 crore during quarter ended June 2025.
Consolidated results
The consolidated profit after tax increased by 15.9% yoy to Rs 13558 crore in Q1FY2026 from Rs 11696 crore in Q1FY2025. Consolidated assets grew by 10.9% yoy to Rs 26,68,636 crore end June 2025 from Rs 24,07,395 crore at end June 2024.Key subsidiaries
The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was Rs 1864 crore in Q1FY2026 compared to Rs 1963 crore in Q1FY2025. Value of New Business (VNB) of ICICI Life was Rs 457 crore in Q1FY2026 compared to Rs 472 crore in Q1FY2025. The VNB margin was 24.5% in Q1FY2026 compared to 22.8% in FY2025. The profit after tax increased to Rs 302crore in Q1FY2026 from Rs 225 crore in Q1FY2025. The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) increased to Rs 7735 crore in Q1FY2026 from Rs 7688 crore in Q1FY2025. The combined ratio stood at 102.9% in Q1FY2026 compared to 102.3% in Q1FY2025. The profit after tax of ICICI General grew by 28.7% to Rs 747 crore in Q1FY2026 compared to Rs 580 crore in Q1FY2025. With effect from 1 October 2024, long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q1FY2026 numbers are not fully comparable with prior periods. The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, was Rs 782 crore in Q1FY2026. The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was Rs 391 crore in Q1FY2026 compared to Rs 527 crore in Q1FY2025.Financial Performance FY2025:
Bank has posted 16% increase in net profit to Rs 47226.99 crore in the year ended March 2025 (FY2025). The net interest income increased 9% to Rs 81164.44 crore, while non-interest income moved up 24% to Rs 28506.70 crore, pushing up net total income by 13% to Rs 109671.14 crore in FY2025. The operating expenses increased 8% to Rs 42372.32 crore, while provision and contingencies galloped 29% to Rs 4682.62 crore, allowing profit before tax to increase 15% to Rs 62616.20 crore in FY2025. The cost-to-income ratio improved to 38.6% in FY2025 compared to 40.2% in FY2024. An effective tax rate declined to 24.6% in FY2025 compared to 25.0% in FY2024. The net profit has increased 16% to Rs 47226.99 crore in FY2025. ? ?| ICICI Bank: Results | ||||||
| Particulars | 2506 (3) | 2406 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Interest Earned | 42946.91 | 38995.78 | 10 | 163263.78 | 142890.94 | 14 |
| Interest Expended | 21312.45 | 19442.87 | 10 | 82099.34 | 68585.22 | 20 |
| Net Interest Income | 21634.46 | 19552.91 | 11 | 81164.44 | 74305.72 | 9 |
| Other Income | 8504.90 | 7001.92 | 21 | 28506.70 | 22957.77 | 24 |
| Net Total Income | 30139.36 | 26554.83 | 13 | 109671.14 | 97263.49 | 13 |
| Operating Expenses | 11393.52 | 10529.99 | 8 | 42372.32 | 39132.73 | 8 |
| Operating Profits | 18745.84 | 16024.84 | 17 | 67298.82 | 58130.76 | 16 |
| Provisions & Contingencies | 1814.57 | 1332.18 | 36 | 4682.62 | 3642.93 | 29 |
| Profit Before Tax | 16931.27 | 14692.66 | 15 | 62616.20 | 54487.83 | 15 |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| PBT after EO | 16931.27 | 14692.66 | 15 | 62616.20 | 54487.83 | 15 |
| Provision for tax | 4163.06 | 3633.55 | 15 | 15389.21 | 13599.56 | 13 |
| PAT | 12768.21 | 11059.11 | 15 | 47226.99 | 40888.27 | 16 |
| EPS*(Rs) | 71.6 | 62.8 | ? | 66.3 | 58.2 | ? |
| Equity | 1427.3 | 1408.6 | ? | 1424.6 | 1405.0 | ? |
| Adj BV (Rs) | 412.5 | 345.8 | ? | 394.8 | 325.0 | ? |
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 2, Figures in Rs crore | ||||||
| Source: Capitaline Corporate Database | ||||||
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