ICICI Bank Q2 earning: Net profit rises 5% to ₹ 12,359 crore, NII advances 7%; non-performing assets decline

ICICI Bank, the country's second largest private sector lender, on Saturday, October 18, reported that its net profit in second quarter of current financial year rose 5% to ₹12,359 crore from ₹11,746 crore in the same period last year.

ICICI Bank's net interest income or difference between interest earned on loans and expended on deposits rose 7% to ₹21,529 crore in July-September period from ₹20,048 crore in the year-ago period.

The bank's provisions (excluding provision for tax) were ₹914 crore in September quarter compared to ₹1,233 crore in the year-ago period.

The Mumbai-based lender's asset quality improved in September quarter as its gross non-performing assets (NPA), as a percentage of total advances, came down to 1.58% from 1.97% and its net NPA improved to 0.39% from 0.42% a year earlier.

In absolute terms gross NPAs were at ₹23,850 crore as against ₹27,121 crore in the year-ago period.

ICICI Bank's fee income grew by 10.1% year-on-year (YoY) to ₹6,491 crore in Q2 from ₹5,894 crore in previous financial year. Fees from retail, rural and business banking customers constituted about 78% of total fees in July-September period.

The country’s second largest private lender's net domestic advances grew by 10.6% year-on-year and 3.3% sequentially at the end of September quarter.

"The retail loan portfolio grew by 6.6% year-on-year and 2.6% sequentially, and comprised 52.1% of the total loan portfolio at September 30, 2025. Including non-fund outstanding, the retail portfolio was 42.9% of the total portfolio at September 30, 2025," ICICI Bank said in a press release.

"Average deposits increased by 9.1% YoY and 1.6% sequentially to ₹ 15,57,449 crore in Q2-2026. Average current account deposits increased by 12.6% year-on-year and 1.6% sequentially in Q2-2026. Average savings account deposits increased by 8.5% year-on-year and 3.2% sequentially in Q2-2026. Total period- end deposits increased by 7.7% year-on-year to ₹16,12,825 crore at September 30, 2025 (₹ 16,08,517 crore (US$ 181.2 billion) at June 30, 2025)," ICICI Bank added.

ICICI Bank shares ended 1.36% higher at ₹1,436.60 a day ahead of its earnings announcement.