ICICI Bank LimitedQ2-2027 Results & Financial Update
ICICI Bank Limited: Q2-2027 consolidated results and company financials – total income ₹88,161.18 Cr, PAT ₹16,333.18 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore ICICI Bank Q2-2027 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Net interest income grew to ₹303.36 billion on a consolidated basis in Q2-2027, driven by strong loan book expansion across domestic retail, business banking, and corporate portfolios.
Non-interest income reached ₹321.69 billion for the quarter, supported by healthy fee income of ₹103.28 billion and premium income from insurance subsidiaries amounting to ₹213.93 billion.
Asset quality metrics exhibited continued improvement, with the standalone gross NPA ratio declining to 1.20% as of September 30, 2026, compared to 1.38% at the end of the previous quarter and 1.58% a year ago.
Net NPA ratio on customer assets stood at 0.30% at the end of Q2-2027, supported by stable provisioning policies, with total standard, contingency, and other provisions standing at ₹238.15 billion.
Total deposits on a consolidated basis expanded to ₹20,915.39 billion as of September 30, 2026, up from ₹18,703.63 billion at June 30, 2026, reflecting continued deposit mobilization across retail and term channels.
Standalone capital adequacy remained robust, with a total capital adequacy ratio of 16.68% and Common Equity Tier 1 ratio at 16.01% including profits for the period, providing ample headroom for ongoing balance sheet growth.
01 · Business model
What does ICICI Bank do?
ICICI Bank Limited is a leading private sector bank in India offering a diverse suite of banking, financial, and related products and services to retail, small and medium-sized enterprises, and corporate customers.
The bank operates extensive domestic and international banking networks, generating revenues primarily through net interest income from loans and advances, fee-based advisory and transaction services, treasury operations, and investment income.
ICICI Bank's operating model leverages digital platforms such as InstaBIZ, Merchant STACK, Trade Online, and DigiEase to drive loan origination, customer onboarding, and transaction efficiency across its nationwide branch and digital infrastructure.
The financial group includes major operating subsidiaries spanning life insurance, general insurance, asset management, securities brokerage, primary dealership, and housing finance, contributing significantly to consolidated profitability and franchise value.
02 · Historical context
What shaped the business before this quarter
Over previous fiscal years, ICICI Bank expanded its digital lending and onboarding platforms, transitioning a significant share of retail, rural, and business banking originations to digital channels such as InstaBIZ and iLens.
Since earlier periods, the bank has systematically reduced its exposure to lower-rated corporate portfolios while building granularity across retail and small-and-medium enterprise lending segments.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q2-2027 | Year-ago | Previous quarter |
|---|---|---|---|
| Total income | ₹88,161.18 Cr | ₹76,146.59 Cr | ₹79,689.22 Cr |
| Profit before tax | ₹23,191.75 Cr | ₹19,126.33 Cr | ₹21,373.61 Cr |
| Profit after tax | ₹16,333.18 Cr | ₹13,357.06 Cr | ₹15,440.06 Cr |
| EPS | ₹22.76 | ₹18.71 | ₹21.29 |
04 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Net interest income grew by 15.9% year-on-year on a consolidated basis to ₹303.36 billion in Q2-2027, supported by healthy credit growth across business segments.
Fee income increased 19.3% year-on-year to ₹103.28 billion on a consolidated basis, reflecting higher transaction volumes and cross-selling across digital platforms.
Insurance subsidiary operations contributed premium income of ₹213.93 billion to the consolidated top-line during the quarter.
NIM, spread, funding cost and credit cost
Standalone net interest margin was reported at 4.18% for Q2-2027, compared to 4.36% in Q1-2027 and 4.30% in Q2-2026.
Cost of deposits stood at 4.50% in Q2-2027, reflecting stable deposit pricing dynamics across savings and term accounts.
Cost-to-income ratio for the standalone bank was maintained at 38.4% in Q2-2027 compared to 40.6% in Q2-2026.
05 · Loan growth, sanctions & disbursements
How the lending book is moving
Total consolidated advances expanded to ₹19,353.85 billion as of September 30, 2026, up from ₹14,921.61 billion a year earlier.
Exposure to top 20 borrowers accounted for 6.3% of total exposure as of September 30, 2026, reflecting portfolio diversification.
Mortgage portfolio grew 15.3% year-on-year to ₹5,310.88 billion, with approximately 90% of mortgage customers maintaining existing banking relationships.
06 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
Retail and rural banking loans reached ₹9,456.87 billion, representing 51.6% of total standalone advances as of September 30, 2026.
Business banking portfolio expanded 33.8% year-on-year to ₹3,891.68 billion, driven by automated platforms like InstaBIZ and Merchant STACK.
Domestic corporate portfolio grew 30.6% year-on-year to ₹3,547.71 billion, with 73.2% of the corporate book rated A- and above internally.
Geography and market mix
Domestic advances accounted for 90.3% of total consolidated advances, with international book advances comprising 9.7% as of September 30, 2026.
The bank's branch network expanded to 7,656 branches across metro, urban, semi-urban, and rural centers nationwide.
07 · Asset quality & capital strength
How credit quality and balance-sheet capacity changed
Asset quality, stages and credit risk
Gross NPAs stood at ₹233.35 billion as of September 30, 2026, resulting in a reduced gross NPA ratio of 1.20%.
Provision coverage ratio was maintained at 75.0% as of September 30, 2026.
Net additions to gross NPAs in Q2-2027 were ₹12.13 billion compared to ₹13.86 billion in Q2-2026.
Capital adequacy, net worth and balance-sheet capacity
Standalone capital adequacy ratio was 16.68% with a Tier 1 ratio of 16.01% as of September 30, 2026.
Consolidated net worth reached ₹3,905.24 billion at the end of Q2-2027.
08 · Strategy & portfolio evolution
How the lending mix and strategic agenda are changing
The bank continued to scale up artificial intelligence deployments across customer service, document intelligence, fraud prevention, and portfolio monitoring.
ICICI Life Insurance increased its Annualised Premium Equivalent to ₹49.35 billion in H1-2027, while Value of New Business rose to ₹12.83 billion.
09 · Reported developments
What changed operationally
Consolidated profit after tax grew by 22.3% year-on-year to ₹163.33 billion in Q2-2027.
Standalone profit before tax excluding treasury grew 23.4% year-on-year to ₹199.54 billion.
10 · Pressure points & risks
What is not going smoothly
Treasury income recorded a net loss of ₹2.30 billion on a standalone basis during Q2-2027.
11 · Items worth noticing
The line items that can distort a quick read
Standalone treasury income included a net loss of ₹2.30 billion in Q2-2027 compared to a gain of ₹2.20 billion in Q2-2026.
12 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Capital allocation & funding
Consolidated borrowings stood at ₹2,955.61 billion as of September 30, 2026, up from ₹2,152.40 billion a year ago.
Total deposits grew 27.1% year-on-year on a consolidated basis to reach ₹20,915.39 billion.
13 · Beyond the numbers
What changed beyond the numbers
Reported update
AI Adoption across Enterprise
ICICI Bank deployed in-house GenAI tools, document intelligence engines, and automated bots across customer engagement, process decongestion, and credit risk assessment.
14 · Previous-quarter changes
What changed since the previous quarter
Standalone total income moved from ₹79,689.22 crore in Q1-2027 to ₹88,161.18 crore in Q2-2027.
15 · Key Q&A
The quarter, answered directly
What does ICICI Bank do?
ICICI Bank Limited is a leading private sector bank in India offering a diverse suite of banking, financial, and related products and services to retail, small and medium-sized enterprises, and corporate customers.
What is the clearest takeaway from Q2-2027?
Net interest income grew to ₹303.36 billion on a consolidated basis in Q2-2027, driven by strong loan book expansion across domestic retail, business banking, and corporate portfolios.
What drove earnings or loan-book movement?
Net interest income grew by 15.9% year-on-year on a consolidated basis to ₹303.36 billion in Q2-2027, supported by healthy credit growth across business segments.
What mattered most for margins, funding or credit cost?
Standalone net interest margin was reported at 4.18% for Q2-2027, compared to 4.36% in Q1-2027 and 4.30% in Q2-2026.
What changed operationally beyond the headline numbers?
Gross NPAs stood at ₹233.35 billion as of September 30, 2026, resulting in a reduced gross NPA ratio of 1.20%.
What are the main pressure points disclosed for the quarter?
Treasury income recorded a net loss of ₹2.30 billion on a standalone basis during Q2-2027.
16 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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17 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Monitor trajectory of net interest margins and deposit cost progression across subsequent quarters.
- 02
Track asset quality trends, slippages, and credit cost ratios across retail and corporate portfolios.
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