# ICICI Bank Q2 Consolidated Net Profit Rises 22% to ₹16,333 Crore

- URL: https://stocks.freetheai.org/news/icici-bank-q2-consolidated-net-profit-rises-22-to-16-333-crore-0648a5
- Published: 2026-10-17T10:51:25Z
- Category: earnings; sentiment: bullish; impact: high
- Symbols: [NSE:ICICIBANK](https://stocks.freetheai.org/symbols/NSE-ICICIBANK)
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ICICI Bank Limited (NSE:ICICIBANK) reported a 22.28% increase in consolidated net profit for the September quarter, reaching ₹16,333.18 crore compared to ₹13,357.06 crore in the same period last year. On a standalone basis, net profit grew 20.1% to ₹14,843 crore. Core net interest income expanded 17.7% to ₹25,339 crore, bolstered by a 30% surge in the lender's loan portfolio.

The bank's financial strength was reinforced by improving asset quality and disciplined credit management. Gross non-performing assets dropped to 1.20% of total loans, down from 1.38% in the previous quarter and 1.58% a year ago. Money set aside for provisions and contingencies decreased to ₹850.69 crore from ₹914.11 crore a year earlier, while overall capital adequacy climbed to 16.68%.

Investors will watch how the bank maintains lending momentum and manages margins going forward. Net interest margin shrank slightly by 0.12% to 4.18% during the quarter. Additionally, loan and deposit expansion relied significantly on international deposits and swap schemes, with core domestic loan growth standing at 24.1% and deposit growth excluding diaspora funds at 17%.

## Key points

- Consolidated net profit jumped 22.28% year-over-year to ₹16,333.18 crore for the September quarter.
- Core net interest income expanded 17.7% to ₹25,339 crore on a 30% increase in total loans.
- Gross non-performing assets improved to 1.20%, down from 1.38% last quarter and 1.58% last year.
- Provisions and contingencies fell to ₹850.69 crore from ₹914.11 crore in the year-ago period.
- Capital adequacy ratio strengthened to 16.68% as of September 30, 2026.

## Questions and answers

### What was ICICI Bank's Q2 net profit?

ICICI Bank reported a consolidated net profit of ₹16,333.18 crore for the September quarter, up 22.28% from ₹13,357.06 crore in the year-ago period. Standalone net profit rose 20.1% to ₹14,843 crore.

### How did ICICI Bank's asset quality perform in Q2?

Asset quality improved during the quarter. Gross non-performing assets fell to 1.20% from 1.38% in the previous quarter and 1.58% a year ago. Provisions for bad loans also declined to ₹850.69 crore.

### What was ICICI Bank's net interest margin in Q2?

ICICI Bank's net interest margin contracted by 0.12% to 4.18% during the September quarter, while core net interest income grew 17.7% to ₹25,339 crore.