ICICI Bank Q1 FY26: A Decent Quarter, Technically Strong, Fundamentally Ahead of Peers

## **ICICI Bank Q1 FY26: Key Highlights** ICICI Bank has delivered a **steady and well-rounded performance** for the quarter ended June 30, 2025, maintaining its position as one of India’s most consistent private sector banks. The bank reported a **15.5% year-on-year growth in net profit**, rising to ₹12,768 crore, while its **core operating profit increased by 13.6%** to ₹17,505 crore, reflecting operational strength and efficiency. The bank’s **Net Interest Income (NII) grew by 10.6%** to ₹21,635 crore, supported by healthy loan growth of **12% year-on-year**. ICICI’s **CASA ratio remained stable at 38.7%**, highlighting the strength of its low-cost deposit base. Importantly, asset quality remains industry-leading, with **Net NPA at just 0.41%** and a strong **capital adequacy ratio of 16.97%**, further cementing the bank’s financial resilience. Compared to peers like **HDFC Bank and Axis Bank**, ICICI’s profitability and asset quality continue to stand out. However, it is worth noting that **NIM has softened to 4.34%** and provisioning has increased, reflecting a cautious approach amidst a competitive deposit environment. Overall, this is a **decent and stable performance** from ICICI Bank, reaffirming its position as a leader in India’s private banking sector.