ICICI Bank Q3 FY26 Results highlight a mixed but fundamentally resilient performance during the quarter. While standalone net profit declined year on year due to regulatory and one-off provisioning costs, the underlying business momentum across loans, deposits, and asset quality remained strong.
This analysis helps equity investors and long-term shareholders understand whether the profit decline in ICICI Bank Q3 FY26 reflects a temporary regulatory impact or a deeper structural concern, based on trends in growth, margins, and asset quality.
Table of Contents:
- ICICI Bank Q3 FY26 Results Overview
- Key Financial Highlights from ICICI Bank Q3 Results
- Revenue and Margin Performance in Q3 FY26
- Loan and Deposit Growth Trends
- Asset Quality and Provisioning Impact
- Cost Structure and Treasury Performance
- Balance Sheet and Capital Adequacy
- What ICICI Bank Q3 Results Mean for Investors
- Outlook for FY26 and Key Monitorables
- FAQs on ICICI Bank Q3 FY26 Results
ICICI Bank reported its ICICI Bank Q3 FY26 Results with a 4% year-on-year decline in standalone net profit to ₹11,318 crore. The moderation in profit was largely driven by higher RBI-mandated provisions and one-off regulatory costs rather than weakness in core operations. Despite the profit dip, ICICI Bank Q3 Results showed steady net interest margins, double digit loan growth, and improving asset quality, reinforcing the bank’s strong operating fundamentals.
| Metric |
Q3 FY26 Performance |
| Net Profit |
₹11,318 crore, down 4% YoY |
| Net Interest Income |
₹21,932 crore, up 7.7% YoY |
| Net Interest Margin |
4.30% vs 4.25% last year |
| Total Revenue |
₹49,334 crore, up 2% YoY |
| Core Operating Profit |
₹17,513 crore, up 6% YoY |
| Non-Interest Income |
₹7,525 crore, up 12.4% YoY |
The ICICI Bank quarterly results indicate that earnings pressure was concentrated in provisions and expenses, while revenue drivers remained healthy.
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ICICI Bank Q3 FY26 Results benefited from stable margins and diversified income streams.
Key revenue trends include:
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Net interest income growth of 7.7% was supported by healthy loan growth.
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Net interest margin remained strong at 4.30%, reflecting disciplined pricing and a favourable mix of retail assets.
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Non-interest income rose 12.4%, driven by fee income growth of 6.3% to ₹6,180 crore.
These metrics suggest that ICICI Bank Q3 Results were operationally sound despite regulatory headwinds.
Growth momentum remained robust across most lending segments in ICICI Bank Q3 FY26 Results.
| Segment |
Growth YoY |
| Domestic Loans |
11.5% |
| Retail Loans |
7.2% |
| Business Banking |
22.8% |
| Corporate Loans |
5.6% |
| Total Advances |
11.5% YoY, 4.1% QoQ |
On the liability side:
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Total deposits grew 9.2% year on year.
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CASA deposits increased 8.9%, supporting strong liquidity.
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Average deposit growth stood at 8.7% YoY.
These trends reinforce the stability visible in ICICI Bank quarterly results.
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Asset quality continued to improve during the quarter:
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Gross NPA ratio declined to 1.53%.
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Slippage levels remained contained, indicating effective credit underwriting.
However, provisions rose sharply to ₹25.56 billion compared with ₹12.27 billion last year due to:
The elevated provisions were the primary drag on profitability in ICICI Bank Q3 FY26 Results.
Operating expenses increased 13.2% YoY to ₹11,944 crore due to:
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Regulatory provisioning adjustments.
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Labour Code-related employee costs.
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A treasury loss of ₹157 crore compared with a gain of ₹371 crore in the same quarter last year.
Excluding these one-offs, the cost trajectory remains broadly in line with growth.
ICICI Bank ended 9M FY26 with a capital adequacy ratio of 17.34%, well above regulatory requirements.
Key balance sheet strengths include:
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Strong capital buffers to support future growth.
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A diversified loan book with a retail-heavy mix.
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Improving asset quality trends across portfolios.
These factors enhance confidence in the bank’s long-term resilience.
For investors analysing ICICI Bank Q3 FY26 Results, the key takeaway is that the profit decline appears transitory rather than structural.
Positive signals from ICICI Bank quarterly results include:
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Sustained double-digit loan growth.
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Stable net interest margins.
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Improving gross NPA ratio.
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Strong capital adequacy.
Risks to monitor:
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Prolonged regulatory provisioning requirements.
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Intensifying competition in retail and business banking.
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Near-term earnings volatility due to compliance-related costs.
The outlook following ICICI Bank Q3 Results remains constructive:
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Core earnings momentum is intact.
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Provisioning pressures may normalise in subsequent quarters.
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Balance sheet strength supports dividends and expansion.
Investors should closely track Q4 performance to assess earnings normalisation and cost trends.
Want to compare the impact of regulatory provisioning in Q3 FY26 with the stronger profitability seen earlier? Read the detailed breakdown of ICICI Bank Q2 FY26 Results to understand the earnings trajectory.
1. What caused the profit decline in ICICI Bank Q3 FY26 Results?
The profit decline was mainly due to higher RBI-mandated provisions and Labour Code-related costs, not due to weak lending or asset quality.
2. Are ICICI Bank Q3 FY26 Results a cause for concern?
No structural concerns are evident. Loan growth, margins, and asset quality remain strong.
3. How did asset quality perform in ICICI Bank Q3 Results?
Gross NPAs improved to 1.53%, indicating better credit quality.
4. Is ICICI Bank well capitalised after Q3 FY26?
Yes, the capital adequacy ratio of 17.34% provides ample growth headroom.
5. What should investors watch after ICICI Bank quarterly results?
Provision trends, expense normalisation, and loan growth sustainability in Q4.