ICICI Bank’s consolidated net profit for the December quarter of FY26 declined by 2.68% year-on-year, amounting to Rs 12,537.98 crore. This marks a decrease from Rs 12,883.37 crore in the same period of the previous financial year. The bank also witnessed a 6.13% quarter-on-quarter drop in profit compared to the July–September quarter of FY26.
During the quarter, ICICI Bank’s interest income saw a slight increase of 1.6% to Rs 41,966 crore from the year-ago period’s Rs 41,300 crore. Simultaneously, interest expenses decreased by 4.3% to Rs 20,034 crore from Rs 20,929 crore last year.
The bank noted an enhancement in asset quality with net non-performing assets reducing to 0.37% from 0.39% in the previous quarter. Additionally, gross NPAs eased to 1.53% from 1.58% sequentially. In absolute terms, net NPAs dropped to Rs 5,732 crore from Rs 5,872 crore in the second quarter.
In other news, ICICI Bank’s board of directors approved the re-appointment of Sandeep Bakhshi as Managing Director and Chief Executive Officer for another two years, effective from October 4, 2026, to October 3, 2028. The stock market saw ICICI Bank’s shares closing 0.4% lower at Rs 1,413 apiece in the previous session, despite having gained approximately 15.3% over the past year.
