ICICI Bank profit spurts 20% on NII; core profitability a tad lower on FCNR(B)
ICICI Bank moved higher in a quarterly results development.
· ET Stocks, Economic Times Markets
ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income. However, core profitability edged lower as FCNR(B) deposits weighed on margins. NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.
The analysis
ICICI Bank reported movement of 20%, 18% and 4.18%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.8% on the day at ₹1,398.00, and has returned -2.5% over three months. It sits 4% below its 52-week high. The banks sector has moved -6.0% over the same period, so ICICI Bank is running 3.5 points ahead of its peers.
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable. On the day the stock is +0.8%, so a modest reaction.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: ICICI Bank (ICICIBANK), in Banks.
- Over three months: ICICI Bank -2.5% against Banks -6.0% (3.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
ICICI Bank
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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