ICICI Bank Q2 Net Profit Jumps 20% to Rs 14,843 Crore on Strong Loan Growth

ICICI Bank Limited (NSE:ICICIBANK) reported a 20.1 percent increase in standalone net profit to Rs 14,843 crore for the second quarter of fiscal year 2027, up from the same period last year. Net interest income grew 17.7 percent year-on-year to Rs 25,339 crore, supported by a 30 percent expansion in total advances to Rs 18.32 lakh crore and a 27.1 percent rise in total deposits to Rs 20.50 lakh crore.

The lender's strong volume growth was accompanied by an improvement in asset quality and reduced provisions. The net non-performing asset ratio declined to 0.30 percent from 0.39 percent a year earlier, while provisions excluding tax dropped to Rs 851 crore. However, net interest margin moderated to 4.18 percent during the quarter, down from 4.36 percent in the previous quarter, as term deposits grew and interest tax refund benefits normalized.

Investors will watch whether the bank can sustain its broad-based lending expansion across retail, business banking, and corporate segments while maintaining deposit growth and controlling funding costs. Market participants will also monitor interest margin trends and performance across key subsidiaries in future quarters.