ICICI Bank reported a 15.9% year-on-year increase in standalone profit after tax (PAT) to ₹14,805 crore for the first quarter of FY27, driven by healthy growth in net interest income, strong fee income and sustained expansion in its loan portfolio.
The private sector lender had posted a net profit of ₹12,768 crore in the corresponding quarter of the previous financial year.
NII, fee income post double-digit growth
The bank’s Net Interest Income (NII) rose 12.7% year-on-year to ₹24,384 crore in Q1 FY27 from ₹21,635 crore a year ago.
Its Net Interest Margin (NIM) improved to 4.36%, compared with 4.34% in Q1 FY26 and 4.32% in the preceding quarter.
Non-interest income, excluding treasury gains, increased 16% to ₹8,425 crore, supported by a robust 23.5% jump in fee income to ₹7,286 crore.
Retail, rural and business banking customers contributed nearly 72% of the bank’s total fee income during the quarter.
Operating expenses increased 10.4% year-on-year to ₹12,574 crore, reflecting continued investments in business growth and distribution.
Provisions decline
The bank reported a treasury gain of ₹151 crore during the quarter, compared with ₹1,241 crore in Q1 FY26.
Provisions, excluding tax, declined to ₹1,260 crore from ₹1,815 crore a year earlier.
ICICI Bank continued to maintain a contingency provision of ₹13,100 crore, along with an additional standard asset provision of ₹1,283 crore created during Q3 FY26, in line with the Reserve Bank of India’s directions for its agricultural priority sector portfolio.
Loan book expands nearly 20%
ICICI Bank continued to deliver strong credit growth across business segments. Total advances increased 19.6% year-on-year and 5% sequentially to ₹16.31 lakh crore as of June 30, 2026.
The retail loan portfolio grew 12%, accounting for 49.2% of the overall loan book.
Business banking recorded 28.2% growth, while the rural portfolio expanded 35.4%, reflecting strong demand across semi-urban and rural markets.
The domestic corporate portfolio grew 18.5%, taking overall domestic advances growth to 18.8% year-on-year.
Deposits maintain healthy momentum
The bank’s period-end deposits increased 14% year-on-year to ₹18.34 lakh crore, while average deposits also rose 14% to ₹17.48 lakh crore.
Average current and savings account (CASA) deposits grew 12.1% during the quarter.
ICICI Bank expanded its physical network by adding 97 branches in Q1 FY27, taking its nationwide presence to 7,608 branches and 12,190 ATMs and cash recycling machines.
Asset quality remains healthy
ICICI Bank continued to strengthen its asset quality. The Gross Non-Performing Asset (GNPA) ratio improved to 1.38% as of June 30, 2026, from 1.67% a year earlier. The Net NPA ratio stood at 0.35%, compared with 0.41% in the year-ago period.
Gross NPA additions declined to ₹5,552 crore during the quarter from ₹6,245 crore in Q1 FY26.
Recoveries and upgrades of bad loans, excluding write-offs and sales, stood at ₹2,845 crore, while the bank wrote off ₹1,673 crore of gross NPAs during the quarter.
The bank’s provisioning coverage ratio remained strong at 74.7%, underscoring its conservative provisioning policy.