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Informist, Saturday, Jan. 17, 2026

 

--ICICI Bank Oct-Dec net profit INR 113.18 bln 

--Analysts saw ICICI Bank Oct-Dec net profit at INR 124.16 bln 

--ICICI Bank Oct-Dec net profit INR 113.18 bln vs INR 117.92 bln yr ago 

--ICICI Bank Oct-Dec total income INR 493.34 bln vs INR 483.68 bln yr ago 

--ICICI Bank reappoints Sandeep Bakhshi as MD, CEO till Oct 3, 2028 

--ICICI Bank reappoints Ajay Kumar Gupta as ED till Nov 26, 2028 

--ICICI Bank Oct-Dec provisions INR 25.56 bln vs INR 12.27 bln year ago 

--ICICI Bank gross NPA ratio 1.53% as on Dec 31 vs 1.58% qtr ago 

--ICICI Bank net NPA ratio 0.37% as on Dec 31 vs 0.39% qtr ago 

--ICICI Bank Basel-III capital adequacy ratio 15.59% as on Dec 31 

--ICICI Bank Apr-Dec net profit INR 364.45 bln vs INR 345.97 bln yr ago 

--ICICI Bank Apr-Dec total income INR 1.50 tln vs INR 1.42 tln yr ago 

--ICICI Bank: Hold contingency provision of INR 131 bln as on Dec 31 

--ICICI Bank Oct-Dec net interest income INR 219.32 bln, up 7.7% on year 

--ICICI Bank Oct-Dec net interest margin at 4.30%, unchanged on qtr 

--ICICI Bank total advances at INR 14.66 tln on Dec 31, up 11.5% on year 

--ICICI Bank total deposits at INR 16.60 tln Dec 31, up 9.2% on year 

 

By Gopika Balasubramanium and Priyasmita Dutta  

 

MUMBAI/NEW DELHI – Missing the Street's view by a slim margin, ICICI Bank Ltd. posted a fall in its net profit for the December quarter, with doubling of provisions impacting the bottom line. This is the first time in over six years that the large private sector bank's net profit fell. It posted a net profit of INR 113.18 billion, down 4% on year. This was below analysts' expectation of INR 124.16 billion, the exact profit the bank would have posted had its provisions not doubled. Sequentially, the net profit was down over 8%.

 

Analysts had said that provisions during the quarter could rise due to the seasonality factor but none estimated the provisions to double on year to INR 25.56 billion. Sequentially, the provisions are up nearly three-fold, the highest jump in almost five years. The provisions also include additional standard asset provision of INR 12.83 billion made pursuant to Reserve Bank of India's annual supervisory review on agricultural priority sector loans due to non-compliance with regulation for classification. The loans were provided since 2012, with the size of the loans between INR 200 billion to INR 250 billion, the bank's management said. The additional provisioning would continue until the loans are repaid or renewed, as per guidelines for priority sector lending classification, the bank said.

 

P&L

ICICI Bank's total income during the December quarter was up just 2%, the weakest on-year growth in 18 quarters. Its total income was INR 493.34 billion, same as the trailing quarter. The bank's net interest margin for Oct-Dec was at 4.30%, unchanged on quarter.

 

The private sector lender earned INR 219.32 billion as net interest income for the December quarter, missing the consensus estimate of INR 220.27 billion by a touch. However, it was better than the net interest income of INR 215.29 billion reported in the trailing quarter. On a year-on-year basis, the lender's net interest income rose nearly 8%. Non-interest income, which excludes treasury, rose a little over 12% to INR 75.25 billion during the quarter under review.   

 

In the December quarter, the private sector bank's fee income grew by over 6% on year to INR 65.72 billion from INR 61.80 billion. Fees from retail, rural, and business banking customers accounted for around 78% of the bank's total fees earned in the quarter. 

 

During Oct-Dec, the bank's operating expenses were up over 13% on year at INR 119.44 billion from INR 105.52 billion. This includes INR 1.45 billion of provisions on an estimated basis due to the new labour codes. There was a treasury loss of INR 1.57 billion in the December quarter against a gain of INR 3.71 billion in the year-ago quarter, primarily reflecting market movements.

 

ICICI Bank's gross non-performing assets ratio improved to 1.53% at the end of December from 1.58% at the end of September. The net NPA ratio contracted slightly to 0.37% as of Dec. 31 from 0.39% as of Sept. 30. The bank's basel III adequacy ratio at the end of December was at 15.59%. It held contingency provision of INR 131 billion as on Dec. 31.

 

CREDIT, DEPOSIT

ICICI Bank's total advances grew 11.5% on year and 4.1% on quarter to INR 14.66 trillion at the end of December. The retail loan portfolio, which comprised 51.2% of the bank's total loan portfolio, rose 7.2% on year and 1.9% on quarter at the end of December.

Including non-fund outstanding, the retail portfolio was 42.2% of the total portfolio as on Dec. 31. The business banking portfolio grew by 22.8% on year and rural portfolio grew by 4.9% on year. The domestic corporate portfolio grew by 5.6% on year. 

 

As on Dec. 31, the bank's total deposits rose over 9% on year to INR 16.60 trillion. At the end of September, the total deposits were at INR 16.13 trillion. With the addition of 402 branches during Apr-Dec, the bank had a total of 7,385 branches as on Dec. 31.

 

For Apr-Dec, ICICI Bank's net profit grew nearly 5.3% on year to INR 364.45 billion. Its total income grew 6% on year to INR 1.50 trillion. 

 

ICICI Bank reappointed Sandeep Bakhshi as its managing director and chief executive officer and he will hold the post till Oct. 3, 2028. The Street had listed clarity on Bakhshi's reappointment as an important factor. He changed the lender's trajectory for good after he was brought in following the unceremonious exit of his predecessor Chanda Kochhar. The board also reappointed Ajay Kumar Gupta as executive director till Nov. 26, 2028. 

 

Friday, the bank's shares closed at INR 1,410.80 on the National Stock Exchange, down 0.5%.  End

 

Edited by Vandana Hingorani

 

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