ICICI Bank reports strong profit growth and rising advances in second quarter

ICICI Bank posted a standalone profit after tax of ₹14,843 crore for the quarter that ended on September 30, 2026, marking a 20.1% increase compared to the same period last year. The private lender's net profit in the second quarter of the previous financial year stood at ₹12,359 crore, according to Economic Times - Markets. Lower provisions and a rise in fee income drove the strong quarterly performance, which beat street expectations.

Financials And Loans

Net interest income grew by 17.7% year-on-year to reach ₹25,339 crore, while the net interest margin dipped to 4.18% from 4.30% a year ago. Total advances rose by 30% to ₹18,31,580 crore, and total deposits increased by 27.1% to ₹20,49,874 crore at the end of September. The bank also purchased a 2% additional shareholding in ICICI Life Insurance Limited for ₹1,470 crore during the quarter.

Context

Quarterly financial earnings reports from major commercial banks are key indicators of broader economic health and consumer credit demand. Tracking metrics like net interest margins and loan growth helps analysts understand how well banks are managing lending risks and deposit costs in the current financial market.