ICICI Bank Q4 Results: ICICI Bank announced its January-March quarter results for fiscal 2025-26 (Q4FY26) on Saturday, April 18, reporting a rise of 8.4% in standalone net profit to Rs 13,702 crore, compared to Rs 12,629.5 crore in the corresponding period last year. India's second-largest private lender beat Street estimates during the March quarter of FY26 driven by robust loan growth and lower provisions for bad loans. ICICI Bank declared a dividend of Rs 12 per share for FY26.
ICICI Bank's total loans rose 15.8% from a year earlier, led by the continued momentum in retail lending, particularly mortgages and vehicle loans, with business banking and corporate loans also contributing in the quarter. Supported by loan growth and stable margins, the bank's net interest income - the difference between interest earned on loans and paid on deposits - rose 8.4% to Rs 22,979 crore in the foourth quarter of FY26, compared to Rs 21,193 crore in the year-ago period.
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ICICI Bank Q4 Results: Key Metrics
From an asset quality perspective, the bank's gross non-performing assets ratio improved to 1.40% from 1.53% in December and 1.67% in the year-ago period. The gross slippages came at Rs 4,242 crore. Provisions fell to Rs 96.16 crore in the March quarter from Rs 891 crore in the year-ago period and Rs 2,556 crore in the December quarter of FY26. The bank's overall capital adequacy stood at 17.18% as of March 31, 2026, and included a core buffer of 16.35%.
The non-interest income, excluding treasury, increased 5.6 per cent to Rs 7,415 crore, and included the impact of a treasury loss of Rs 106 crore. Deposits rose 11.4% during the quarter-under-review. The lender has renewed fund raise limit of Rs 25,000 crore via debt and also renewed overseas fund raise limit of $1.5 billion. ''The Board also authorised buyback of debt securities within the limits that the Board is authorised to approve under applicable law,'' said ICICI Bank in its statement.
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ICICI Bank Management Commentary
The private bank's executive director Sandeep Batra said it has been a well-rounded asset growth on the back of healthy momentum in the economy. He added that profits were supported by lower provisions, recoveries from written-off accounts and growth in core interest income, but did not give a forecast for the new fiscal year, citing ongoing geopolitical uncertainties. Net interest margin was steady at 4.32%, and is expected to remain "range-bound" in the 2026-27 financial year, according to Batra.
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"As the economy continues to grow, we do have the liquidity and the capital to support our balance sheet growth. At the same time, we are mindful of the developments on the geopolitical side," he said, adding that the bank sees "reasonable opportunities" to grow within its risk framework. The impact due to the Reserve Bank's recent measures to curtail excessive speculation on the rupee in the aftermath of a heavy depreciation is included in the treasury losses, he said.
Batra said the Rs 13,100 crore set aside as contingency provision continues to remain untouched, and attributed the decline in the provisions in the reporting quarter to improvements in asset quality and higher write-backs. Normalised for the one-time impact, the credit costs for FY26 stood at 0.50%, but the management refrained from giving any guidance due to the Middle East conflict.
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During the post-earnings concall, the bank's management announced that it is trying to ensure employee safety amid the West Asia conflict. ICICI Bank has offices in Dubai, Bahrai. The management said it is too early to assess the hit on remittances. The bank added that it is comfortable with the deposit growth as it is in-line with average deposit growth.
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