The private lender reported a standalone net profit of Rs 12,358.9 crore for Q2 FY26. This marks a 5.2 percent year-on-year (YoY) rise from the Rs 11,745.9 crore net profit reported in the same period last year. This was higher than the Moneycontrol poll estimate of 2.3 percent increase to Rs 12,024 crore.

ICICI Bank's net interest income (NII) rose 7.4 percent YoY increase to Rs 21,529.5 crore during the quarter under review. It had earlier reported a NII of Rs 20,048 crore in Q2 FY25. Provisions and contingencies for the quarter fell nearly 26 percent to Rs 914 crore from Rs 1,233 crore a year earlier. The capital adequacy ratio (Basel III) improved to 15.76 percent, compared with 15.35 percent a year ago.

Asset quality improved, with gross NPA ratio easing to 1.58 percent from 1.97 percent, while the net NPA ratio reduced marginally to 0.39 percent.

Slower loan growth and higher operating cost was offset by stronger NIM and lower credit costs.