ICICI Bank Q3 FY26 Profit Declines 4% Amid Loan Growth and Higher Provisions

ICICI Bank reported a 4 percent year-on-year decline in standalone net profit to Rs 11,318 crore for Q3 FY26, below market estimates. Despite this, net interest income rose 7.7 percent to Rs 21,932 crore, supported by 11.5 percent loan growth and a slight increase in net interest margin to 4.30 percent. Non-interest income grew 12.4 percent, while provisions doubled to Rs 2,556 crore, including a Rs 1,283 crore standard asset provision mandated by the RBI. Asset quality improved with net NPAs falling to 0.37 percent, and retail loans grew 7.2 percent year-on-year. Consolidated net profit declined 2.68 percent to Rs 12,538 crore amid higher provisions and treasury losses.