ICICI Bank's Q3 profit down by 4% to ₹11,318cr
What's the story
ICICI Bank, India's second-largest private lender, has reported a 4% decline in its standalone net profit for the December quarter. The bank's profit after tax (PAT) stood at ₹11,318 crore compared to ₹11,792 crore in the same period last year. On a sequential basis, the PAT fell by 8.4% from ₹12,359 crore recorded in the July-September quarter of FY26.
Financial performance
Interest income and NII see marginal increase
ICICI Bank's interest income for Q3 FY26 was ₹41,966 crore, a marginal 1.6% increase from ₹41,300 crore in the same period last year. The bank paid ₹20,034 crore as interest during this quarter, a decrease of 4.3% from ₹20,929 crore in the year-ago period. However, the net interest income (NII) saw a healthy growth of 7.7% YoY to ₹21,932 crore in Q3 FY26 compared to ₹20,371 crore in Q3 FY25.
Revenue growth
Core operating profit and non-interest income
The core operating profit of ICICI Bank grew by 6% YoY to ₹17,513 crore in Q3 FY26 from ₹16,516 crore in the quarter ended December 31, 2024. Non-interest income (excluding treasury) also witnessed a significant jump of 12.4% YoY to ₹7,525 crore in Q3 FY26 from ₹6,697 crore in Q3 FY25. The bank's fee income increased by 6.3% YoY to ₹6,572 crore during this period.
Portfolio expansion
Loan portfolio and deposit growth
ICICI Bank's net domestic advances grew by 11.5% YoY and 4% sequentially at December 31, 2025. The retail loan portfolio expanded by 7.2% YoY and 1.9% sequentially, making up over half (51.2%) of the total loan portfolio as of December-end last year. Average deposits also saw an increase of 8.7% YoY and 1.8% sequentially to ₹15,86,088 crore in Q3 FY26, with average current/savings account deposits rising by nearly 9% year-on-year.
Asset quality
Gross and net NPA ratios
The bank's gross non-performing assets (NPA) ratio stood at 1.53% as of December 31, 2025, down from 1.58% on September 30, 2025. The net NPA ratio was recorded at a low of just 0.37%, compared to slightly higher figures in previous quarters.