ICICI Bank (ICICIBANK) investor relations material

Executive summary

• Standalone PAT rose 20.1% YoY to ₹14,843 crore; PBT excluding treasury increased 23.4% to ₹19,954 crore and core operating profit rose 21.8% to ₹20,805 crore.

• Loans grew 30.0% YoY and deposits 27.1%; excluding FCNR(B)-linked balances, growth was 24.1% and 17.0%, respectively.

• Customer-led, risk-calibrated profitable growth, market-share gains, balance-sheet strength and sustainable shareholder returns remain strategic priorities.

Financial highlights

• Standalone NII rose 17.7% YoY to ₹25,339 crore; net interest margin was 4.18%, versus 4.36% in Q1-2027 and 4.30% in Q2-2026.

• Non-interest income excluding treasury rose 12.5% to ₹8,277 crore; fee income increased 20.1% to ₹7,795 crore, including fees for facilities against FCNR deposits.

• Operating expenses increased 8.5% to ₹12,811 crore; treasury recorded a ₹230 crore loss.

• Standalone provisions were ₹851 crore versus ₹914 crore a year earlier; PBT was ₹19,725 crore, up 21.3%.

• Consolidated NII rose 15.9% to ₹30,336 crore, operating profit grew 20.2% to ₹24,010 crore and PAT increased 22.3% to ₹16,333 crore.

Outlook and guidance

• Full-quarter effects from FCNR funding and overseas assets are expected to weigh on Q3 NIM; margins are expected to recover from Q4, even without further rate hikes.

• Excess liquidity is expected to be deployed over the next two quarters, when credit growth is traditionally stronger.

• Normalized credit cost is expected to remain up to 50 bps after adjusting for one-off corporate recoveries, FCNR-related standard provisions and seasonal KCC provisioning.

• Retail and corporate growth remain open subject to risk-return thresholds; management cited capacity for robust growth across both franchises.