ICICI Bank's Q3 Profit Declines Due to RBI Provision; Other Banks Report Earnings Growth

In Q3 FY26, ICICI Bank's net profit declined about 4% to around Rs 11,318 crore due to a one-time Rs 1,283 crore provision mandated by the Reserve Bank of India (RBI) on certain agricultural priority sector loans dating back to 2012, which were found non-compliant with classification norms. Despite this, the bank's core income and asset quality remained strong, with net interest income rising 7.7% year-on-year. Meanwhile, RBL Bank reported a fivefold profit increase to Rs 214 crore, supported by growth in advances and deposits. Other banks like HDFC and YES Bank also showed profit growth aided by RBI liquidity measures and credit expansion.