The second-largest private sector lender in India, ICICI Bank, exceeded analyst forecasts on Saturday by announcing a 15% year-over-year increase in net profit to Rs 12,768.21 crore for the fiscal first quarter.
The difference between interest earned and interest spent, or NII, increased 8.4% year over year to Rs 21,634.46 crore for the June quarter. The Street had predicted an 8 percent YoY increase in NII to Rs 21,091 crore and a 9.5 percent increase in net profit to Rs 12,112 crore for ICICI Bank in the April-June quarter.
Profit before tax (excluding treasury gains) increased 11.4 percent YoY to Rs 15,690 crore in Q1, while the bank's core operating profit jumped 13.6 percent YoY to Rs 17,505 crore.
The total revenue increased to Rs 51,451.81 crore from Rs 45,997.70 crore during the same period last year. Other income increased from Rs 7,001.92 crore to Rs 8,504.90 crore in the previous year. The quality of the assets increased annually.
In the quarter prior to this year, the gross non-performing asset ratio was 2.15 percent; it now stands at 1.67 percent. Additionally, the net NPA ratio decreased from 0.43 percent YoY to 0.41 percent.
However, the gross and net NPA ratios did not change sequentially. The April-June quarter's gross non-performing assets (NPA) additions were Rs 6,245 crore, up from Rs 5,916 crore in the same period last year.
In Q1FY26, recoveries and upgrades of non-performing assets (NPAs), other than write-offs and sales, totaled Rs 3,211 crore, up from Rs 3,292 crore in Q1FY25. With write-offs and sales excluded, the net additions to gross non-performing assets (NPAs) in Q1FY26 were Rs 3,034 crore, while in Q1FY25 they were Rs 2,624 crore . In Q1FY26, the Bank wrote off gross non-performing assets (NPAs) totaling Rs 2,359 crore.
As of June 30, 2025, the non-performing loan provisioning coverage ratio stood at 75.3%. According to the announcement, as of June 30, 2025, the Bank has total provisions of Rs 22,664 crore , or 1.7% of loans, excluding special provisions on fund-based outstanding to borrowers categorized as non-performing.
At June 30, 2025, total period-end deposits were Rs 16,08,517 crore, up 12.8% year-over-year from Rs 16,10,348 crore on March 31, 2025. In Q1FY26, average deposits reached Rs 15,33,241 crore, up 11.2 percent year over year and 3.1 percent sequentially.
In Q1FY26, average current account deposits rose 4.6 percent sequentially and 11.2 percent on-year. In Q1FY26, average savings account deposits rose 3.6 percent sequentially and 7.6 percent year over year. The total amount of advances increased to Rs 13.64 lakh crore as of June 30, 2025. The CASA ratio was 38.7 percent on average.
As of June 30, 2025, total advances rose to Rs 13.64 lakh crore. The average CASA ratio stood at 38.7 percent.
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