ICICI Bank Q1 Results: Net Profit Rises 16% to ₹14,805 Crore; Asset Quality Improves in Q1 FY27

ICICI Bank reported a strong set of earnings for the quarter ended June 30, 2026 (Q1 FY27), with standalone net profit rising 15.9% year-on-year to ₹14,804.50 crore.  

The lender also recorded sequential growth in profit and operating income while further improving its asset quality and expanding its loan and deposit franchise. 

Net Profit Rises 16% YoY  

ICICI Bank's standalone net profit increased to ₹14,804.50 crore in Q1 FY27 from ₹12,768.21 crore in the corresponding quarter last year.  

Profit before tax climbed to ₹19,125.62 crore, compared with ₹16,931.27 crore a year ago. 

Income and Operating Profit Increase 

Total income rose to ₹54,246.84 crore during the quarter from ₹51,451.81 crore in Q1 FY26 and ₹50,584.38 crore in Q4 FY26. 

Operating profit before provisions and contingencies increased to ₹20,386.07 crore, compared with ₹18,745.84 crore a year earlier and ₹18,199.11 crore in the previous quarter. 

Asset Quality Continues to Improve 

ICICI Bank further strengthened its asset quality during the quarter. 

The Gross NPA ratio declined to 1.38% as of June 30, 2026, from 1.67% a year ago. 

The Net NPA ratio improved to 0.35%, compared with 0.41% in Q1 FY26 and 0.33% in the previous quarter. 

Gross NPAs stood at ₹23,846.59 crore, while net NPAs were ₹5,908.27 crore at the end of June 2026.  

Advances and Deposits Maintain Growth Momentum 

The bank's advances increased to ₹16.31 lakh crore as of June 30, 2026, from ₹13.64 lakh crore a year earlier. 

Deposits rose to ₹18.34 lakh crore, compared with ₹16.09 lakh crore in the corresponding period last year, while total assets stood at ₹24.32 lakh crore at the end of the quarter.  

Board Approves Director Appointment and Higher Overseas Borrowing Limit 

Alongside the quarterly results, the Board approved the appointment of Mrugank Paranjape as an Additional (Independent) Director for a five-year term beginning August 1, 2026, subject to shareholders' approval. 

The Board also approved the bank's overseas borrowing limit to $2.5 billion through bonds, notes and offshore certificates of deposit.  

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ICICI Bank Share Price Performance 

As of July 18, 2026, ICICI Bank share price was trading at ₹1,444.30 per share, reflecting a surge of 1.84% from the previous trading session. 

Conclusion 

ICICI Bank began FY27 on a strong note with double-digit growth in profit, higher operating income, improving asset quality and continued expansion in advances and deposits, highlighting sustained business momentum across its core banking operations. 

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