ICICI Bank reported a stable performance for the quarter ended September 30, 2025 (Q2FY26), supported by resilient core income, strong balance sheet growth, and improving asset quality.
The lender’s Net Interest Income (NII) stood at ₹21,529 crore, remaining steady sequentially and up 7% year-on-year, compared to ₹21,634 crore in Q1FY26 and ₹20,048 crore in Q2FY25. Net Interest Margin (NIM) was broadly stable at 4.30%, compared to 4.34% in the previous quarter.
Other income declined 11% sequentially to ₹7,576 crore, while pre-provision operating profit (PPOP) stood at ₹17,298 crore, down 8% QoQ but higher by 3% YoY. Provisions fell sharply by 50% QoQ to ₹914 crore, easing from ₹1,815 crore in Q1FY26, which supported profitability.
The bank reported a net profit (PAT) of ₹12,359 crore, compared to ₹12,768 crore in the previous quarter and ₹11,746 crore a year ago — translating to a 5% YoY rise despite higher expenses and lower treasury income.
On the balance sheet front, advances grew 3.2% QoQ and 10.3% YoY to ₹14.08 lakh crore, while deposits increased 0.3% QoQ and 7.7% YoY to ₹16.12 lakh crore, reflecting steady loan demand and healthy deposit mobilization.
Asset quality improved further, with Gross NPA (GNPA) declining to 1.58% from 1.67% in Q1FY26, and Net NPA (NNPA) easing to 0.39% from 0.41% sequentially, indicating effective credit risk management and recoveries.
ICICI Bank’s Q2 performance demonstrates stable core income, healthy loan growth, and improving asset quality, even as near-term margin pressures and lower other income slightly weighed on sequential performance.
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