ICICI Bank Financial Breakdown: Revenue, Profit & Ratios
ICICI Bank, India's second-largest private-sector lender, reported a 20.1% year-on-year rise in standalone net profit to Rs 14,843 crore in Q2 FY27 (July–September 2026). This breakdown looks at the bank's five-year financial trend, its latest quarterly results, balance-sheet strength, key ratios, shareholding and how it stacks up against HDFC Bank and Axis Bank.
ICICI Bank: Business Overview
ICICI Bank is a diversified private-sector bank headquartered in Mumbai, with retail, rural, business-banking, corporate and treasury operations, plus subsidiaries in life insurance, general insurance, securities, asset management and home finance. Its main earnings engine is net interest income — the difference between interest earned on loans and interest paid on deposits — supplemented by fee income from retail, rural and business-banking customers.
Revenue Trend: FY22 to FY26
Standalone total income has nearly doubled in five years, from Rs 1,04,892 crore in FY22 to Rs 2,00,704 crore in FY26. Growth slowed in FY26 to 4.7% as interest rates and deposit costs shifted, but the five-year trajectory remains strong.
| Standalone (Rs crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total income | 1,04,892 | 1,29,063 | 1,65,849 | 1,91,770 | 2,00,704 |
| Interest earned | 86,375 | 1,09,231 | 1,42,891 | 1,63,264 | 1,69,946 |
| Other income | 18,518 | 19,831 | 22,958 | 28,507 | 30,758 |
| Interest expended | 38,908 | 47,103 | 68,585 | 82,099 | 81,871 |
| Net profit (PAT) | 23,339 | 31,897 | 40,888 | 47,227 | 50,147 |
| Basic EPS (Rs) | 33.58 | 45.67 | 58.22 | 66.30 | 70.03 |
On a consolidated basis, which includes subsidiaries, FY26 total income was Rs 3,12,118 crore and net profit was Rs 54,208 crore, up 6.2% from Rs 51,029 crore in FY25.
Profitability: Profit More Than Doubled in Five Years
Standalone net profit rose from Rs 23,339 crore in FY22 to Rs 50,147 crore in FY26 — a compound growth of about 21% a year. FY26 profit grew 6.2% over FY25, slower than earlier years, as provisions and operating costs rose. Provisions and contingencies in FY26 were Rs 5,380 crore, up from Rs 4,683 crore in FY25 but well below the Rs 8,641 crore of FY22, reflecting cleaner asset quality.
Q2 FY27 Results: The Latest Quarter (17 October 2026)
ICICI Bank's September-quarter results, announced on 17 October 2026, beat expectations on most headline lines:
- Standalone net profit: Rs 14,843 crore, up 20.1% from Rs 12,359 crore in Q2 FY26.
- Net interest income (NII): Rs 25,339 crore, up 17.7% from Rs 21,529 crore a year ago.
- Core operating profit: Rs 20,805 crore, up 21.8% year on year.
- Fee income: Rs 7,795 crore, up 20.1%, with retail, rural and business-banking customers contributing about 75% of fees.
- Operating expenses: Rs 12,811 crore, up 8.5% — slower than income growth, which helped operating leverage.
- Provisions: Rs 851 crore, down from Rs 914 crore in Q2 FY26.
- Consolidated net profit: Rs 16,333 crore, up 22.3% from Rs 13,357 crore a year ago.
- Net interest margin (NIM): 4.18%, down from 4.30% in Q2 FY26 and 4.36% in Q1 FY27.
The margin squeeze came largely from the RBI's FCNR(B) swap window, which pulled in large, relatively costly foreign-currency deposits across the banking system. Management expects a further NIM dip in Q3 FY27 followed by recovery from Q4, according to brokerage commentary after the results.
Balance Sheet Strength: Loans, Deposits and Capital
As of 30 September 2026, total advances stood at Rs 18.32 lakh crore, up 30% year on year (24.1% excluding FCNR(B) loans), and total deposits at Rs 20.50 lakh crore, up 27.1% (17% excluding FCNR(B) deposits). The bank's capital adequacy ratio was 16.68% with a CET-1 ratio of 16.01%, comfortably above the regulatory minimums of 11.70% and 8.20%. It also held contingency provisions of Rs 13,100 crore as a buffer.
Segment and Advances Split (Q2 FY27)
| Segment (30 Sept 2026) | Size | Growth (YoY) |
|---|---|---|
| Retail and rural loans | Rs 9,45,687 crore | 14.8% |
| of which: mortgages | Rs 5,31,088 crore | 15.3% |
| of which: personal loans | Rs 1,41,905 crore | 16.6% |
| Business banking | Rs 3,89,168 crore | 33.8% |
| Domestic corporate | Rs 3,54,771 crore | 30.6% |
| CASA deposits | Rs 7,40,851 crore | 12.4% |
| Term deposits | Rs 13,09,023 crore | 37.2% |
Retail and rural loans made up 51.6% of domestic loans. Average CASA ratio for the quarter was 35.8%, lower than the pre-FCNR period because term deposits grew faster on FCNR inflows.
Asset Quality: Bad Loans at Multi-Year Lows
Gross NPA ratio fell to 1.20% as of 30 September 2026, from 1.58% a year earlier and 1.38% in the June quarter. Net NPA ratio fell to 0.30%, from 0.39% a year earlier. Gross NPA additions were Rs 4,833 crore in the quarter, slightly below the Rs 5,034 crore of Q2 FY26.
Key Ratios
| Ratio | Value | Period / basis |
|---|---|---|
| Return on equity (RoE) | 16.6% | Q2 FY27, standalone |
| Return on assets (RoA) | 2.26% | Q2 FY27, standalone |
| Net interest margin (NIM) | 4.18% | Q2 FY27, standalone |
| Cost-to-income ratio | 38.4% | Q2 FY27 |
| Capital adequacy (CAR) | 16.68% | 30 Sept 2026, standalone |
| CET-1 ratio | 16.01% | 30 Sept 2026, standalone |
| Consolidated RoE | 15.09% | FY26, consolidated |
| Consolidated RoA | 1.85% | FY26, consolidated |
| Consolidated net profit margin | 29.54% | FY26, consolidated |
| Dividend yield | ~0.86% | Market data, October 2026 |
Shareholding Pattern
ICICI Bank has no promoter — it is a widely held, professionally managed bank. Foreign institutions hold roughly half the shares (about 50.44% per the Economic Times shareholding page), and domestic mutual funds are large holders too: in September 2026, ICICI Bank was held by 788 mutual fund schemes, the most of any stock that month, with funds holding 211 crore shares worth about Rs 2.79 lakh crore. Major holders at 31 March 2026 included Deutsche Bank Trust Company Americas (depositary for ADS holders, 18.00%), SBI Mutual Fund (5.50%), LIC (4.45%) and ICICI Prudential Mutual Fund (4.40%).
Peer Comparison: Q2 FY27 (Standalone)
| Bank (Q2 FY27) | Net profit | Profit growth | NII | NIM | Gross NPA | Net NPA |
|---|---|---|---|---|---|---|
| ICICI Bank | Rs 14,843 cr | 20.1% | Rs 25,339 cr | 4.18% | 1.20% | 0.30% |
| HDFC Bank | Rs 19,510 cr | 4.7% | Rs 34,619 cr | 3.32%* | 1.11% | 0.37% |
| Axis Bank | Rs 7,003 cr | 37.6% | Rs 15,371 cr | 3.36% | 1.16% | 0.35% |
*HDFC Bank NIM on interest-earning assets; 3.16% on total assets. ICICI Bank led the three on margins and net NPA, Axis Bank on profit growth, and HDFC Bank on absolute profit. For the earlier full breakdown of HDFC Bank, see HDFC Bank Financial Breakdown, and for the three banks' Q2 results together, see Bank Q2 FY27 Results: ICICI, Axis, HDFC.
Subsidiaries and Other Businesses
ICICI Bank's equity investment in subsidiaries totalled Rs 235.00 billion as of 30 September 2026, up from Rs 191.72 billion a year earlier. The largest holdings are ICICI Securities (Rs 71.46 billion), ICICI Lombard General Insurance (Rs 46.50 billion) and ICICI Life Insurance (Rs 47.45 billion, after the bank bought an additional 2% stake for Rs 14.70 billion during the quarter). ICICI Prudential AMC's carrying value rose to Rs 22.01 billion from Rs 0.61 billion a year earlier.
Key Risks to Watch
- Margin pressure: NIM has compressed for two quarters on FCNR(B) deposit inflows and rate shifts; recovery is expected only from Q4 FY27.
- Deposit mix: term deposits grew 37.2% while CASA grew 12.4%, raising funding costs if the trend persists.
- Treasury volatility: the bank booked a Rs 230 crore treasury loss in Q2 FY27 versus a Rs 220 crore gain a year earlier.
- Credit costs: asset quality is strong now, but any slowdown in retail or business-banking loans could lift provisions from their current low base.
- FCNR unwind: when FCNR(B) deposits mature, reported loan and deposit growth rates will normalise sharply — underlying growth ex-FCNR is 24.1% for loans and 17% for deposits.
FAQs
What was ICICI Bank's net profit in Q2 FY27?
Standalone net profit was Rs 14,843 crore, up 20.1% year on year; consolidated net profit was Rs 16,333 crore, up 22.3%.
What is ICICI Bank's NIM in Q2 FY27?
Net interest margin was 4.18%, down from 4.30% in Q2 FY26 and 4.36% in Q1 FY27, mainly due to FCNR(B) deposit inflows.
How much did ICICI Bank earn in FY26?
Standalone net profit was Rs 50,147 crore on total income of Rs 2,00,704 crore; consolidated net profit was Rs 54,208 crore.
What is ICICI Bank's asset quality?
As of 30 September 2026, gross NPA was 1.20% and net NPA was 0.30%, both improved year on year.
Does ICICI Bank have a promoter?
No — ICICI Bank has no promoter group; it is widely held by foreign institutions, mutual funds, insurers and retail investors.
Conclusion
ICICI Bank's FY22–FY26 record shows a bank that more than doubled profit while cleaning up its loan book, and Q2 FY27 extended that run with 20% profit growth, the best margins among the three large private banks and the lowest net NPA. The watch items are margin recovery after the FCNR(B) effect and whether deposit growth stays as strong once the swap window fades. On the numbers reported so far, the bank enters the second half of FY27 with strong capital, low bad loans and broad-based loan growth.
Disclaimer: This article is for educational purposes only and is not investment advice. Figures are sourced from the company's filings and reported results; please verify with official disclosures before making any investment decision.