ICICI Bank Q3 Net Profit Dips 4% to Rs 11,318 Cr Amid Higher Provisions

• ICICI Bank reported a 4% year-on-year decline in standalone net profit for Q3 FY26, reaching Rs 11,317.9 crore.
• The profit dip was primarily due to a sharp rise in provisions, which increased to Rs 2,556 crore from Rs 1,227 crore.
• Net interest income (NII) grew 7.7% to Rs 21,932 crore, and net interest margin remained stable at 4.30%.
• Asset quality improved, with gross NPA ratio falling to 1.53% and net NPA ratio to 0.37% as of December 31, 2025.
• Operating expenses rose 13.2%, including Rs 145 crore for new Labour Codes provisions and a Rs 157 crore treasury loss.

Why It Matters: ICICI Bank's Q3 profit fell due to increased provisions, despite stable core operations and improved asset quality.