ICICI Bank's consolidated net profit increased by 13.9% year-on-year, reaching ₹15,440.06 crore for the quarter ending June 30, 2026. This growth resulted from an increase in operating profit and a reduction in provisions.
ICICI Bank's consolidated net profit increased by 13.9% year-on-year, reaching ₹15,440.06 crore for the quarter ending June 30, 2026. This growth resulted from an increase in operating profit and a reduction in provisions.
The bank's total income grew by 6.9% compared to the previous period, amounting to ₹79,689.22 crore versus ₹74,576.03 crore. Interest earned by the bank increased by 6.4% to ₹52,240.85 crore, while other income showed a growth of 7.7%, reaching ₹27,448.37 crore.
Net Interest Income (NII), calculated as the difference between interest earned and paid, rose by 12.3% to ₹29,177.13 crore (compared to ₹25,989.90 crore). Meanwhile, interest expenses remained almost unchanged at ₹23,063.72 crore.
Total expenses, excluding provisions and contingencies, increased by 7.2% to ₹57,084.89 crore. Operating costs grew by 12.8% to ₹34,021.17 crore, including a 15% increase in insurance business-related expenses to ₹18,259.76 crore.
Operating profit before provisions and contingencies increased by 6% to ₹22,604.33 crore. A significant decrease in provisions and contingencies by 28.8%—from ₹1,822.33 crore to ₹1,297.20 crore—contributed to the profit growth. Profit before tax and minority interests rose by 9.3% to ₹21,373.61 crore, and basic earnings per share increased to ₹21.54 from ₹19.02.
As of June 30, 2026, consolidated loans grew by 19.6% year-on-year, reaching ₹17.29 trillion from ₹14.46 trillion. Deposits increased by 14% to ₹18.70 trillion (against ₹16.41 trillion), and total assets expanded by 12.5% to ₹30.02 trillion.
Profit from retail banking services before tax increased by 31.8% to ₹6,238.90 crore, while profit from wholesale banking services grew by 38.8% to ₹7,479.26 crore. Treasury profit decreased by 23.6% to ₹4,822.43 crore, and general insurance profit fell by 46.1% to ₹535.71 crore.
According to the presented report, asset quality and marginability metrics were disclosed only on an individual basis. The gross non-performing asset ratio decreased by 29 basis points year-on-year to 1.38%, and the net ratio decreased by 6 basis points to 0.35%. The individual Net Interest Margin (NIM) was 4.36%, slightly higher than the previous quarter's figure of 4.34%.
The capital adequacy ratio increased by 53 basis points to 16.84%, and the Tier 1 capital ratio of common equity stood at 16.19%. The bank continues to hold ₹13,100 crore in provisions for contingencies and additional standard provisions of ₹1,283 crore set by the Reserve Bank of India for the priority agricultural sector portfolio.
The ICICI Bank Board of Directors also approved the appointment of Murugank Paranjape as an additional independent director for the term from August 1, 2026, to July 31, 2031, subject to shareholder approval. Furthermore, the issuance of bonds, notes, or offshore certificates of deposit in foreign markets was approved with a revised limit of up to US$2.5 billion.
IDBI Bank reported the results for the first quarter of the current fiscal year in its regulatory filings. The bank noted an increase in total income to INR 8,573 crore for the June quarter of 2026-27, compared to INR 8,458 crore a year earlier.
During the first quarter of the current fiscal year, the bank demonstrated a 5% increase in net profit, reaching INR 2,115 crore. This exceeds the net profit of INR 2,007 crore earned in the same quarter of the previous fiscal year.
The bank's interest income increased to INR 7,541 crore, whereas it was recorded at INR 7,021 crore in the June quarter of fiscal year 2026. Furthermore, Net Interest Income (NII) rose to INR 3,486 crore, which is 10% more than INR 3,166 crore in the first quarter of last year.
Despite the rise in revenues, the bank's operating profit decreased to INR 2,168 crore compared to INR 2,354 crore a year ago. The Net Interest Margin slightly declined to 3.61%, compared to 3.68% in the April-June period of last year.
The quality of the bank's assets improved: Gross Non-Performing Assets (NPA) decreased to 2.3% of total loans by the end of June, down from 2.93% a year earlier. Similarly, Net NPAs, or bad loans, reduced to 0.16% from 0.21% in the period preceding the year.
The total loan book grew to INR 258,968 crore as of June 30, 2026, which is 22% more than INR 211,907 crore on June 30, 2025. Total deposits increased by 10% to INR 325,757 crore at the end of June 2026, compared to INR 296,782 crore at the end of June 2025.
The Provision Coverage Ratio (PCR) remained unchanged at 99.31% as of June 30, 2026. Meanwhile, Return on Assets (ROA) decreased to 1.89% in June 2026 compared to 2.01% a year earlier.
The consolidated profit of Jio Financial Services Limited after tax increased by 156% compared to the previous year, reaching 830 crore rupees for the quarter ending June 30, 2026. This growth resulted from an increase in revenues and operating profit across the company's financial services portfolio.
Total consolidated revenue, excluding dividend payouts, grew by 141% to 1,496 crore rupees in the first quarter of 2026-27. Operating profit before provisions, also excluding dividends, increased by 38% to 505 crore rupees. Profit before tax, excluding dividends, rose by 18% to 461 crore rupees after adjusting last year's figure for a one-time exceptional income of 29 crore rupees. Meanwhile, profit before tax, including dividends, increased by 131% to 970 crore rupees.
Gross assets under management at Jio Credit, the group's non-banking financial company, expanded 2.6 times compared to last year, reaching 30,667 crore rupees. Gross disbursements increased 2.7 times during the reporting quarter, amounting to 11,252 crore rupees. The portfolio consisted of mortgage loans, which accounted for 45.4%, corporate and SME loans at 44.2%, and securities-backed retail loans at 10.4%. Jio Credit's net interest income grew by 118% to 257 crore rupees, and profit after tax increased by 113% to 96 crore rupees. The company's total equity as of June 30 was 1.37 trillion rupees. The company received a second tranche of 5,934 crore rupees from its promoter group, leading to a cumulative capital infusion of 9,890 crore rupees.
The company reported a successful operational turnaround in the Jio Payments Bank and Jio Payment Solutions divisions during the reporting period. Jio Payments Bank's total revenue increased 7.7 times compared to last year, reaching 83 crore rupees, while customer deposits grew by 72%, totaling 617 crore rupees. The customer base with current and savings accounts increased by 51% to 3.9 million accounts. The bank's active network of business correspondents expanded to 527,037 touchpoints, up from 50,192 the previous year and 378,568 in the previous quarter. Jio Payment Solutions' total payment volume grew 2.5 times compared to last year, reaching 19,208 crore rupees. Gross income from fees and charges increased 6.4 times to 176 crore rupees, and net income from fees and charges grew 3.4 times to 24 crore rupees. The net processing margin was 12 basis points.
Assets under management in the joint venture between Jio Financial Services and BlackRock increased sequentially by 21%, reaching 18,412 crore rupees. Liquid fund assets exceeded 10,000 crore rupees. The company noted that 44% of investors have active systematic investment plans, and 36% of retail assets originate from outside the country's top 30 cities. Investors new to mutual funds accounted for 18.5% of the investor base. The joint venture received final approval from the International Financial Services Authority to operate as a retail fund manager in GIFT City. In the insurance sector, Jio Insurance Broking provided premiums worth 238 crore rupees, 1.6 times more than the previous year, and fee and commission income grew by 131% to 61 crore rupees. Allianz Jio Reinsurance underwrote gross premiums of 266 crore rupees in its first full quarter of operation. Jio Allianz General Insurance was established as an equal joint venture, and statutory and regulatory approvals are currently underway. The JioFinance mobile application had 25 million unique users and registered an average of about 34,000 product purchases per day in June. The rewards program issued over 204 million JioPoints to 5.7 million registered customers.
ICICI Prudential Asset Management Company (AMC) announced a 23% increase in its profit after tax (PAT) compared to the previous year, reaching ₹964.63 crore for the quarter ending June 30, 2026. This growth was attributed to increased revenues, according to an official company statement published on Monday.
In the corresponding quarter of the last fiscal year, the company recorded a PAT of ₹783.64 crore. For the quarter from April to June, total revenue grew by 18.1%, amounting to ₹1,745.02 crore compared to ₹1,477.52 crore the previous year. Meanwhile, operating income increased by 17.6% to ₹1,564.22 crore, while total expenses amounted to ₹464.37 crore, which is 11.7% higher than in the same period last year.
Profit before tax showed a growth of 20.6%, reaching ₹1,280.65 crore, up from ₹1,061.96 crore the previous year. Operating profit before tax increased by 20.2% year-on-year, totaling ₹1,099.85 crore.
According to the investor presentation, the average assets under management (QAAUM) for mutual funds as of June 2026 reached ₹11.17 lakh crore, securing a market share of 13.4%. Active mutual funds had a QAAUM of ₹9.25 trillion, and equity QAAUM stood at ₹6.31 lakh crore.
Furthermore, the company reported that its unique client base expanded to 17.3 million as of June 30, 2026, up from 15.1 million the previous year. The company also serves over 116,000 distribution partners and operates 286 offices.
During the quarter, the company paid a final dividend of ₹12.40 per share for the financial year ending March 31, 2026, following approval by shareholders at the annual general meeting held last month. Shares of ICICI Prudential Asset Management Company closed on BSE 1.56% higher, at a price of ₹3,209.55 per share.
