ICICI Bank Net Profit Rises 9% to Rs 13,702 Crore in March 2026

ICICI Bank reported a 9% year-on-year increase in net profit to Rs 13,702 crore for the quarter ended March 2026, driven by stable loan growth and a significant decline in provisions. The bank’s total advances rose 16% year-on-year to Rs 15.53 lakh crore, supported by strong performance in business banking and rural loan portfolios.

Net interest income (NII) increased by 8% to Rs 22,979 crore in March 2026 from Rs 21,193 crore a year earlier, while the net interest margin (NIM) remained little changed at 4.32% for the year ended March 2026. Fee income grew 8% to Rs 6,779 crore, with retail, rural and business banking customers contributing about 78% of total fees during the quarter.

Provisions fell sharply by 90% to Rs 96 crore in the quarter ended March 2026 from Rs 891 crore in the same period last year. Executive director Sandeep Batra attributed the decline to strong asset quality and healthy recoveries from the corporate book, including some recoveries from written-off accounts.

Asset quality remained stable, with the net non-performing asset (NPA) ratio improving to 0.33% on March 31, 2026, down from 0.39% a year ago. Gross NPAs eased to 1.4% from 1.53% in the previous quarter, reflecting sequential improvement in asset quality.

Retail loans, constituting 50% of the loan book, grew by 10% year-on-year, while corporate loans increased by 9% over the same period. Business banking advances grew by 24%, and the rural loan portfolio expanded by 26% year-on-year, driving overall loan book growth.

The bank’s board recommended a dividend of Rs 12 per share for the financial year 2025-26, subject to necessary approvals. Record and book closure dates for the dividend will be announced in due course.

On a consolidated basis, profit after tax rose to Rs 14,755 crore during the quarter under review, up from Rs 13,502 crore in the corresponding quarter of the previous financial year.

ICICI Bank continues to monitor geopolitical uncertainties while focusing on increasing its wallet share among high-quality customers. The bank maintains a healthy net interest margin and stable asset quality as key pillars of its financial performance.