ICICI Bank (ICICIBANK) investor relations material

Executive summary

• Core operating profit rose 6% year-over-year to ₹175.13 billion in Q3 FY26, with net interest income up 7.7% and non-interest income (excluding treasury) up 12.4%.

• Profit after tax was ₹113.18 billion, slightly down from ₹117.92 billion in Q3 last year, impacted by higher provisions due to regulatory requirements and new Labour Codes.

• Average deposits grew 8.7% year-on-year and domestic loans grew 11.5% year-on-year, with strong growth in business banking and corporate portfolios.

• The Board approved the re-appointment of the Managing Director & CEO and Executive Director for two years each, subject to regulatory approvals.

Financial highlights

• Net interest income increased 7.7% year-on-year to ₹219.32 billion, with net interest margin stable at 4.3%.

• Non-interest income (excluding treasury) grew 12.4% year-on-year to ₹75.25 billion.

• Provisions rose to ₹25.56 billion, including an additional standard asset provision of ₹12.83 billion as directed by RBI.

• Operating expenses rose 13.2% year-on-year, including a one-time provision of ₹1.45 billion for new Labour Codes.

• Net NPA ratio improved to 0.37% at December 31, 2025, and provision coverage ratio was 75.4%.

Outlook and guidance

• Management expects NIM to remain range-bound, with deposit repricing and competitive mortgage pricing influencing margins.

• Growth momentum is expected to sustain into Q4, with improvements in retail and corporate loan segments.

• Focus remains on risk-calibrated, profitable growth and maintaining a strong balance sheet.

• Forward-looking statements highlight risks from regulatory changes, economic conditions, interest rates, and asset quality.

• Total capital adequacy ratio was 17.34% and CET1 ratio was 16.46% at December 31, 2025, well above regulatory requirements.