- ICICI Bank's standalone net profit fell 4.02% to Rs 11,318 crore in Q3 FY25-26
- Net interest income rose 7.7% to Rs 21,932 crore; net interest margin at 4.30%
- Gross NPA improved to 1.53%; net NPA declined to 0.37% as of December 2025
India's second-largest private sector lender ICICI Bank Ltd. on Saturday reported a 4.02% year-on-year decline in standalone net profit for the December quarter at Rs 11,317.86 crore, compared with Rs 11,792.42 crore in the year-ago period.
Net interest income rose 7.7% year-on-year to Rs 21,932 crore in the December quarter, up from Rs 20,371 crore a year earlier. Net interest margin stood at 4.30%, marginally higher than 4.25% in the December quarter last year and unchanged from the previous quarter.
Non-interest income, excluding treasury, increased 12.4% year-on-year to Rs 7,525 crore, compared with Rs 6,697 crore in the year-ago quarter. Operating expenses rose 13.2% annually to Rs 11,944 crore, up from Rs 10,552 crore.
ICICI Bank Q3 Highlights (YoY)
- Profit At Rs 11,318 Crore Vs Estimate Of Rs 12,391 Crore
- Net Profit Down 4% At Rs 11,318 Crore Vs Rs 11,792 Crore
- Gross NPA At 1.53% Vs Estimate Of 1.65%
- Net NPA At 0.37% Vs Estimate Of 0.43%
- Gross NPA At 1.53% Vs 1.58% (QoQ)
- Net NPA At 0.37% Vs 0.39% (QoQ)
- NII Up 7.7% At Rs 21,932 Cr Vs Rs 20,371 Crore
- Provisions At Rs 2,556 Crore Vs Rs 1,227 Crore
- Provisions At Rs 2,556 Crore Vs Rs 914 Crore (QoQ)
Asset quality improved sequentially. Gross non-performing assets declined to 1.53% as of December 31, 2025, from 1.58% at the end of September, and 1.96% a year ago. Net NPAs stood at 0.37%, improving from 0.39% in the previous quarter and 0.42% in the year-ago period.
Credit growth remained steady, with net domestic advances rising 11.5% year-on-year and 4% sequentially as of December 31, 2025, compared with 10.6% year-on-year and 3.3% sequential growth at the end of September.
On the liability side, average deposits grew 8.7% year-on-year and 1.8% sequentially to Rs 15,86,088 crore during the December quarter. Average current and savings account deposits increased 8.9% year-on-year and 1.5% sequentially.
Meanwhile, the bank's board approved the reappointment of Sandeep Bakhshi as Managing Director and CEO for an additional two-year term, effective October 4, 2026 to October 3, 2028. Bakhshi was first appointed MD & CEO in October 2018 and has been part of the ICICI Group since 1996.
The board also approved the reappointment of Ajay Kumar Gupta as Executive Director for a further two-year term, from November 27, 2026 to November 26, 2028, subject to regulatory and shareholder approvals.
ICICI Bank shares closed 0.5% lower at Rs 1,411.65 on Friday on the BSE.
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