ICICI Bank Posts 8.5% Rise in Q4 Net Profit to Rs 13,702 Crore, Declares Rs 12 Dividend

ICICI Bank Reports 8.5% Increase in Standalone Net Profit for Q4 FY26

ICICI Bank, a leading private lender, reported a significant increase in its standalone net profit for the quarter ended March 31, 2026. The bank's net profit rose by 8.5% to Rs 13,702 crore, compared to Rs 12,629.58 crore in the same quarter of the previous year.

The lender's profit also surged by 21.06% sequentially from Q3 FY26, driven by steady operating income growth, dramatically lower provisions, and a clean asset quality print. ICICI Bank's net interest income (NII) print stood at Rs 22,979 crore, up from Rs 21,193 crore a year earlier, marking a growth of Rs 1,786 crore, or 8.43%.

Provisions Decline Sharply

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One of the most notable elements of ICICI Bank's quarterly performance is the significant decline in provisions. The bank's provisions fell sharply to just Rs 96.16 crore from Rs 890.70 crore a year earlier, marking a decline of 89.20%. This is also a 96.24% sequential drop from Rs 2,554.28 crore in Q3 FY26.

The dramatic decline in provisions directly powered profitability, with pre-tax profit (PBT) surging by 22.31% sequentially to Rs 18,102.95 crore from an implied Rs 14,802.60 crore in Q3. Profit after tax (PAT) also rose by 21.06% sequentially.

Asset Quality Remains Strong

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ICICI Bank's asset quality remained strong this quarter, with gross non-performing assets (NPA) improving to 1.40% from 1.67% year-on-year, marking a 27 basis point improvement. The bank's net NPA also improved to 0.33% from 0.39% a year earlier, and from 0.37% in Q3, marking both annual and sequential improvements.

Regulatory Provision

A key disclosure in ICICI Bank's FY26 filing relates to an additional standard asset provision of Rs 1,283 crore, directed by the RBI following its supervisory review. This provision pertains to a portfolio of agricultural priority sector loans that were found to be not fully compliant with regulatory classification norms. However, there is no change in asset classification, borrower repayment behavior, or loan terms, underscoring that this is not indicative of any underlying stress in the loan book.

Consolidated Performance

On a consolidated basis, including subsidiaries across insurance, asset management, securities, and home finance, ICICI Bank reported PAT of Rs 14,755.06 crore, up 9.28% year-on-year from Rs 13,502.22 crore and 17.68% sequentially. The consolidated PAT exceeds standalone PAT by roughly Rs 1,053 crore, due to the contribution from group entities such as ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Prudential AMC.

The lender declared a dividend of Rs 12 per share. On April 17, ICICI Bank shares on BSE closed 0.5% higher at Rs 1,352.8 apiece.