Shares of ICICI Bank were among the top gainers on the Nifty index on April 20, rising over 1% in early trade as investors reacted positively to the lender’s March quarter performance marked by steady earnings growth and sharply lower provisions.
The stock was trading at ₹1,362, up 1.13% from the previous close of ₹1,346.80, after hitting an intraday high of ₹1,369.40, reflecting strong buying interest following the results.
ICICI Bank reported a healthy set of Q4FY26 numbers, with net interest income rising 8.43% year-on-year to ₹22,979 crore, while net profit grew 8.49% to ₹13,702 crore, supported by robust core operating performance. A key highlight for the quarter was the sharp decline in provisions, which fell significantly on a year-on-year basis, aiding profitability and signalling improving credit quality.
Asset quality continued to strengthen, with gross non-performing assets declining to 1.40%, among the lowest levels for the bank, reinforcing confidence around its balance sheet and risk management practices. The reduction in stress and lower credit costs have been key drivers behind the improved earnings visibility, which appears to have buoyed investor sentiment.
The strong performance has placed ICICI Bank firmly among the top movers on the benchmark indices, with the stock emerging as one of the key contributors to Nifty gains in today’s session as market participants respond to improving fundamentals and sustained growth outlook.