ICICI Bank Shares Decline After Mixed Q3 Earnings With Higher Provisions

ICICI Bank's shares declined by around 3.6-4% following its Q3 FY26 results, which showed a standalone net profit of Rs 11,318 crore, down 4% year-on-year due to higher provisions. The consolidated net profit fell 2.68% to Rs 12,538 crore. Despite robust loan growth and improved asset quality with a gross NPA ratio of 1.53%, elevated provisions, including those related to new labour codes and RBI-mandated agricultural loan buffers, impacted overall profitability.