ICICI Bank Q2 profit rises 20.1%, but margins come under pressure
ICICI Bank's net profit for the quarter ended September 30, 2026 rose 20.1% to ₹14,843 crore, while net interest margin narrowed to 4.18%.
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what happened
According to TradingView, ICICI Bank's net profit for the quarter ended September 30, 2026 rose 20.1% year on year to ₹14,843 crore. The main driver was net interest income, which climbed 17.7% to ₹25,338.7 crore. Compared with the previous quarter, profit after tax was roughly flat.
The loan book grew 30% year on year to ₹18.3 lakh crore, and deposits rose 27.1% to ₹2.04 lakh crore, largely thanks to inflows into FCNR(B) accounts from non-resident Indians. Excluding those inflows, lending grew 24.1% and deposits 17%.
Net interest margin fell to 4.18% from 4.30% a year earlier and 4.36% in the previous quarter. Executive Director Sandeep Batra said the decline was mainly a function of the cost of FCNR(B) funding, which raised the deposit base and lowered the CASA ratio.
why it matters
For markets, the margin trend matters most: profit growth came from loan volume, but more expensive funding is squeezing yields. Investors will watch whether the bank can hold its net interest margin in coming quarters without one-off support.
market impact
Indian banks: strong profit growth, but pressure on margins from costlier FCNR(B) deposits
tags
instruments
sources
- ICICI Bank Q2 profit jumps 20.1% to ₹14,843 crore; margins come under pressure — ru.tradingview.com, 17 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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