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ICICI Bank posted strong Q1 fiscal 2027 results, with profit after tax up 15.9% year over year and profit before tax excluding treasury rising 20.9%, supported by broad-based loan growth, stable margins and healthy deposit expansion.
Loan growth was especially robust across multiple segments, with overall loans up 19.6% year over year, driven by rural, business banking and corporate lending, while deposits increased 14% and capital and liquidity remained strong.
Asset quality stayed steady, with the net NPA ratio at 0.35% and provisions lower than a year ago, while fee income also surged 23.5%, helping offset a smaller treasury gain and higher operating expenses.
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ICICI Bank (NYSE:IBN) reported higher first-quarter earnings for fiscal 2027, with management citing broad-based loan growth, stable margins, healthy deposit expansion and continued asset-quality discipline.
Sandeep Bakhshi, managing director and chief executive officer, said the bank's strategic focus remains on growing profit before tax excluding treasury through a "360-degree customer-centric approach" across ecosystems and micro markets. Profit before tax excluding treasury rose 20.9% year over year to INR 189.75 billion in the quarter, while core operating profit increased 15.6% to INR 202.35 billion. Profit after tax grew 15.9% year over year to INR 148.05 billion.
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"Looking ahead, we see many opportunities to drive risk-calibrated profitable growth and grow market share across key segments," Bakhshi said. He added that the bank remains focused on maintaining "a strong balance sheet, prudent provisioning, and healthy levels of capital" while delivering sustainable returns.
The bank's overall loan portfolio, including international branches, grew 19.6% year over year and 5% sequentially as of June 30, 2026. Domestic loans increased 18.8% from a year earlier and 4.6% from the previous quarter.
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Bakhshi said the retail loan portfolio grew 12% year over year and 2.7% sequentially, while the rural portfolio, including gold loans, rose 35.4% year over year and 6.2% sequentially. Business banking loans increased 28.2% year over year and 6.9% sequentially, and the domestic corporate portfolio grew 18.5% year over year and 6.9% sequentially.
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