ICICIBANK · ICICI Bank Limited · NSE · Filed 18 Jul · 2 min read

ICICI Bank Q1 FY27 profit rises as loan book grows nearly 20%

The bank posted higher standalone net profit for the quarter ended June 30, 2026, and its board also cleared a new independent director and a raised offshore borrowing limit.

What the board approved

At its meeting on July 18, 2026, ICICI Bank's board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026 (Q1 FY27). The joint statutory auditors, B S R & Co. LLP and C N K & Associates LLP, issued an unmodified limited-review conclusion.

The board cleared two further items. It appointed Mr. Mrugank Paranjape as a Non-executive Independent Director for a five-year term from August 1, 2026, subject to shareholder approval at the August 21 AGM. It also approved a revised limit for overseas borrowing via bonds, notes or offshore certificates of deposit.

The quarter in brief

Both standalone profit after tax and profit before tax rose year-on-year, with the bank's news release citing a 15.9% increase in profit after tax and a 13.0% increase in profit before tax over Q1 FY26. Core operating profit grew 15.6% year-on-year, per the release.

On the balance sheet, the story is loan growth. Total advances climbed close to a fifth over the year, with the bank pointing to particularly strong expansion in its business banking and rural portfolios. Deposits grew in the mid-teens.

Asset quality moved modestly. The gross NPA ratio eased year-on-year, while the net NPA ratio was broadly flat versus the prior quarter. The bank noted it continues to hold a contingency provision and an additional standard asset provision made in an earlier quarter, following an RBI supervisory review of a portfolio of agricultural priority-sector facilities.

Board and funding changes

The filing describes Mr. Paranjape as a capital and commodity markets specialist with more than 36 years of experience, and a former MD & CEO of Multi Commodity Exchange of India (MCX). His appointment runs from August 1, 2026 to July 31, 2031, subject to shareholder approval.

Separately, the board's approval of a revised offshore borrowing limit sets the ceiling for future issuance of bonds, notes or offshore certificates of deposit in overseas markets. The filing states the limit, not any specific issuance.

Standalone net profit (Q1 FY26): ₹12,768.21 → ₹14,804.50 crQ1 FY26 → Q1 FY27+16%^‡
Standalone profit before tax (Q1 FY26): ₹16,931.27 → ₹19,125.62 crQ1 FY26 → Q1 FY27+13%^‡
Total income (Q1 FY26): ₹51,451.81 → ₹54,246.84 crQ1 FY26 → Q1 FY27+5%^‡
Net interest income (Q1 FY26): ₹21,635 → ₹24,384 crQ1 FY26 → Q1 FY27+13%^‡
Consolidated net profit (Q1 FY26): ₹13,557.60 → ₹15,440.06 crQ1 FY26 → Q1 FY27+14%^‡
Net margin ‡: 24.8% → 27.3%Q1 FY26 → Q1 FY27+2.5 pp

Net interest margin (Q1 FY27): 4.36%
Total advances (as of Jun 30, 2026): ₹16,31,260 crore
Total deposits (as of Jun 30, 2026): ₹18,33,586 crore
Gross NPA ratio (as of Jun 30, 2026): 1.38%
Net NPA ratio (as of Jun 30, 2026): 0.35%
Total capital adequacy ratio (Basel III, standalone): 16.84%
Revised offshore borrowing limit: USD 2.50 billion
Basic EPS (Q1 FY27, standalone, not annualised): ₹20.65

‡ Computed by us from the filing’s own figures — not a company-stated number.

For holders, this is the bank's quarterly performance disclosure covering profitability, loan and deposit growth, asset quality and capital, plus a board addition and a raised ceiling for overseas borrowing. The results carry an unmodified limited-review conclusion; the offshore limit sets a cap on future issuance rather than confirming any new debt raised.