ICICI Bank June Quarter Net Profit Jumps 15.9% to ₹13,558 Crore

On a standalone basis, the 2nd-largest private sector lender reported net profit of Rs 12,768 crore in Q1 FY26, up 15.5% from Rs 11,059 crore in Q1 FY25

- OUR CORRESPONDENT

MUMBAI: ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period.

On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago.

Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth, but was restricted by a narrowing of the net interest margin to 4.34 per cent from 4.41 per cent in the quarter-ago period.

The bank's executive director Sandeep Batra pointed to some more pain in the offing on the NIMs front, especially with the RBI's rate cut cycle still on.