In short: ICICI Bank's Q2 FY27 net interest income rose 17.7% to ₹25,339 crore from a year earlier, and net profit rose 20.1% to ₹14,843 crore. Net interest margin was 4.18%, down 18 bps from the previous quarter. In the first trading session after the results (19 Oct), the median NAV change was −1.1% for banking & financial services funds, −0.6% for Nifty Bank index funds and ETFs and −1.1% for Nifty 50 index funds. Deposits grew 11.8% and loans 12.3% in the quarter, helped by foreign-currency FCNR(B) deposits; the June quarter's margin had included 8 bps from interest on a tax refund.
What changed in ICICI Bank's Q2 FY27 results
- Net interest income was ₹25,339 crore, up 17.7% from a year earlier and up 3.9% from the previous quarter.
- Net profit was ₹14,843 crore, up 20.1% from a year earlier and up 0.3% from the previous quarter.
- Operating profit before provisions was ₹20,575 crore, up 18.9% from a year earlier and up 0.9% from the previous quarter; provisions were ₹851 crore, against ₹914 crore a year earlier.
- Net interest margin was 4.18%, down 18 bps from the previous quarter and down 12 bps from a year earlier.
- Net advances were ₹18,31,580 crore, up 30.0% from a year earlier and up 12.3% from the previous quarter.
- Deposits were ₹20,49,874 crore, up 27.1% from a year earlier and up 11.8% from the previous quarter.
- Average CASA ratio was 35.8%, against 38.1% in the previous quarter and 39.2% a year earlier.
- Gross NPA ratio was 1.20%, against 1.38% in the previous quarter and 1.58% a year earlier; net NPA ratio was 0.30%, against 0.35% in the previous quarter and 0.39% a year earlier. Provision coverage was 75%.
- Capital adequacy ratio was 16.68%, against 16.84% a quarter earlier and 15.76% a year earlier.
ICICI Bank Q2 FY27 results at a glance
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Net interest income (₹ crore) | 25,339 | 24,384 | 21,529 | +3.9% | +17.7% |
| Operating profit (₹ crore) | 20,575 | 20,386 | 17,298 | +0.9% | +18.9% |
| Provisions (₹ crore) | 851 | 1,260 | 914 | −32.5% | −6.9% |
| Net profit (₹ crore) | 14,843 | 14,805 | 12,359 | +0.3% | +20.1% |
| Net advances (₹ crore) | 18,31,580 | 16,31,260 | 14,08,456 | +12.3% | +30.0% |
| Deposits (₹ crore) | 20,49,874 | 18,33,586 | 16,12,825 | +11.8% | +27.1% |
| Net interest margin | 4.18% | 4.36% | 4.30% | −18 bps | −12 bps |
| Average CASA ratio | 35.8% | 38.1% | 39.2% | −230 bps | −340 bps |
| Gross NPA ratio | 1.20% | 1.38% | 1.58% | −18 bps | −38 bps |
| Net NPA ratio | 0.30% | 0.35% | 0.39% | −5 bps | −9 bps |
| Capital adequacy ratio | 16.68% | 16.84% | 15.76% | −16 bps | +92 bps |
Genvest analysis
Much of the quarter's balance-sheet growth came from FCNR(B) deposits, the foreign-currency term deposits of non-resident Indians. Period-end deposits rose 11.8% in the quarter and 27.1% from a year earlier; excluding FCNR(B) deposits, they grew 3.1% and 17.0%. Advances grew 30.0% from a year earlier, or 24.1% excluding loans the bank's international branches made against those deposits. The bank says the inflows enlarged its term-deposit base, which is why the average CASA ratio fell to 35.8%.
Net interest margin fell to 4.18% from 4.36% in the June quarter, which had included 8 bps from interest on a tax refund; excluding it, the June margin was 4.28%. Fee income rose 20.1% from a year earlier to ₹7,795 crore, but the treasury made a loss of ₹230 crore, against a gain of ₹220 crore a year earlier, and dividends from subsidiaries fell to ₹463 crore from ₹810 crore. Core operating profit rose 21.8% to ₹20,805 crore.
Profit before tax rose 3.1% from the June quarter, but tax took 24.7% of it, against 22.6%, so net profit was almost flat. Provisions were ₹851 crore, and the bank still holds its ₹13,100 crore contingency provision, unchanged, plus a ₹1,283 crore standard-asset provision made at the RBI's direction on its agricultural priority-sector loans. Gross NPA additions were ₹4,833 crore, recoveries and upgrades ₹3,620 crore, and write-offs ₹1,592 crore. The NPA ratios here are on customer assets, the bank's headline measure.
With the results, the board approved applying to the RBI to continue Pradeep Kumar Sinha as non-executive part-time chairperson from 1 July 2027 to 16 February 2029, within his approved term as an independent director.
How banking funds moved after ICICI Bank's results
Median one-day change in NAV between 16 Oct and 19 Oct, across the Direct-Growth plans in each group (all units for ETFs). NAVs capture the whole day's market, not only one company's results. HDFC Bank and Axis Bank also reported on 17 Oct, so the move reflects all three.
| Fund group | Median change | Funds |
|---|---|---|
| Banking & financial services funds | −1.13% | 25 |
| Nifty Bank index funds and ETFs | −0.64% | 24 |
| Nifty 50 index funds | −1.11% | 23 |
Source: AMFI daily NAVs.
What ICICI Bank's results mean for fund investors
- Banking funds. Banks are the largest holdings of banking and financial services funds, and each bank moves these funds in proportion to its weight in them. The largest banks carry far more weight than mid-sized ones.
- Index funds. Financial services is the largest sector in the Nifty 50, so results from the biggest banks also reach Nifty 50 index funds.
- Overlap. If you hold several banking funds, or bank shares alongside them, check how concentrated you are with the portfolio analyzer.
ICICI Bank Q2 FY27 results: questions
When did ICICI Bank announce Q2 FY27 results?
ICICI Bank announced its Q2 FY27 results on 17 October 2026.
What was ICICI Bank's Q2 FY27 net profit?
Net profit was ₹14,843 crore, up 20.1% from a year earlier and up 0.3% from the previous quarter.
What was ICICI Bank's Q2 FY27 net interest income?
Net interest income was ₹25,339 crore, up 17.7% from a year earlier and up 3.9% from the previous quarter.
What was ICICI Bank's gross NPA in Q2 FY27?
Gross NPA ratio was 1.20%, against 1.38% in the previous quarter and 1.58% a year earlier; net NPA ratio was 0.30%, against 0.35% in the previous quarter and 0.39% a year earlier. Provision coverage was 75%.
What was ICICI Bank's net interest margin in Q2 FY27?
Net interest margin was 4.18%, down 18 bps from the previous quarter and down 12 bps from a year earlier.
Other bank Q2 FY27 results
- RBL Bank Q2 FY27 results · 12 October 2026 · net profit +169.9% YoY
- HDFC Bank Q2 FY27 results · 17 October 2026 · net profit +4.7% YoY
- ICICI Bank Q2 FY27 results · 17 October 2026 · net profit +20.1% YoY
- Axis Bank Q2 FY27 results · 17 October 2026 · net profit +37.6% YoY
- IndusInd Bank Q2 FY27 results · 23 October 2026 · net profit against a ₹445 crore loss a year earlier
- Kotak Mahindra Bank Q2 FY27 results · 24 October 2026 · net profit +29.5% YoY
- IDFC First Bank Q2 FY27 results · 24 October 2026 · net profit +196.5% YoY
All bank Q2 FY27 results in one place
Sources
- ICICI Bank: Q2 FY27 results and news release, 17 October 2026
- ICICI Bank: Q1 FY27 investor presentation, 18 July 2026
- ICICI Bank: Q2 FY26 performance review, October 2025
- ICICI Bank: board meeting for approval of financial results, 22 September 2026
- AMFI daily NAVs, 19 Oct.
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