ICICI Bank / Q3-FY26

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Watch2026-01-17Back to ICICIBANK

Revenue

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Revenue YoY

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reported change

EBITDA

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Actual signal trajectory

Where this quarter sits.

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PAT (₹ Cr)PositiveWatchNegative
12 actual records
Actual quarterly PAT (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q1 FY24: 11,014 · Positive source sentiment · 2023-07-22Q1 FY24Q2 FY24: 11,351 · Positive source sentiment · 2023-10-21Q2 FY24Q3 FY24: 11,515 · Positive source sentiment · 2024-01-20Q3 FY24Q4 FY24: 12,200 · Positive source sentiment · 2024-04-27Q4 FY24Q1 FY25: 12,463 · Positive source sentiment · 2024-07-20Q1 FY25Q2 FY25: 13,906 · Positive source sentiment · 2024-10-26Q2 FY25Q3 FY25: 13,847 · Positive source sentiment · 2025-01-18Q3 FY25Q4 FY25: 14,354 · Positive source sentiment · 2025-04-26Q4 FY25Q1 FY26: 14,456 · Watch source sentiment · 2025-07-19Q1 FY26Q2 FY26: 14,318 · Positive source sentiment · 2025-10-25Q2 FY26Q3 FY26: 13,481 · Watch source sentiment · 2026-01-17Q3 FY26Q4 FY26: 15,681 · Positive source sentiment · 2026-04-15Q4 FY2615,68111,014
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

ICICI Bank reported a mixed Q3 FY26 with PAT declining 4% YoY to INR 113.18 billion, impacted by a one-time standard asset provision of INR 12.83 billion directed by RBI for agricultural PSL classification issues. Excluding this, PAT would have grown 4.1% YoY. Core operating profit rose 6% YoY to INR 175.13 billion, supported by NIM stability at 4.3% and fee income growth of 6.3%. Domestic loan growth accelerated to 11.5% YoY, led by business banking (+22.8%) and mortgages (+11.1%), while credit cards declined 3.5% YoY. Asset quality improved with net NPA at 0.37%. Management expects NIM to remain range-bound and loan growth momentum to sustain. Key risks include elevated operating expense growth and potential further regulatory scrutiny on PSL compliance.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects net interest margin to stay around current levels in Q4, supported by deposit repricing and lower non-accrual impact.
  • Sequential loan growth improved in Q3 and management expects this momentum to continue into Q4.
  • After a seasonal decline in Q3, credit card portfolio is expected to grow from current levels.

Risks flagged

  • RBI directed INR 12.83 billion provision for agricultural PSL non-compliance; similar observations could arise for other portfolios.
  • OpEx grew 13.2% YoY, partly due to new labour code provisions and PSL compliance costs; management did not commit to moderation.
  • Credit card portfolio declined 3.5% YoY and 6.7% QoQ; management attributed it to seasonality but growth outlook remains uncertain.

Key quotes

  • We will work to bring this portfolio into conformity with the regulatory expectations and thereby minimize both the provisioning and the PSL impact.
  • We are not looking at credit card just as a product portfolio in itself, but really as part of an overall customer offering.
  • We have three years to go. So on a lighter vein, we hopefully addressed the speculation around October 2026.

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