Core Insights - ICICI Bank Ltd.'s profit after tax for Q2 fiscal 2026 was INR123.6 billion ($1.42 billion), reflecting a 5.2% increase year-over-year [1][10] Financial Performance - The growth in profit was driven by an increase in net interest income (NII) and non-interest income, alongside lower provisions [2] - NII rose 7.4% year-over-year to INR215.3 billion ($2.47 billion), with a net interest margin of 4.30%, up 3 basis points [3] - Non-interest income reached INR73.6 billion ($843 million), a 13.2% increase year-over-year, while fee income grew 10.1% to INR64.9 billion ($743.2 million) [3] - Operating expenses increased by 12.4% year-over-year to INR118.1 billion ($1.35 billion), which negatively impacted the overall profit growth [4][10] Loan and Deposit Growth - As of September 30, 2025, total advances were INR14,084.6 billion ($158.6 billion), up 3.2% sequentially, driven by growth in retail loans, business banking loans, and domestic corporate loans [5] - Total deposits increased slightly to INR16,128.3 billion ($181.6 billion) [5] Credit Quality - The net non-performing assets (NPA) ratio improved to 0.39%, down from 0.42% in the prior-year period [6] - Recoveries and upgrades of NPAs were INR36.48 billion ($417.7 million) in the reported quarter, with net additions to gross NPA at INR13.86 billion ($158.7 million) [6] Provisions and Capital Ratios - Provisions (excluding tax) decreased by 25.9% year-over-year to INR9.14 billion ($104.7 million) [7] - ICICI Bank's total capital adequacy ratio was 17.00%, with Tier-1 capital adequacy at 16.35%, both exceeding minimum requirements [8]

Group 1 - ICICI Bank Ltd. experienced a significant decline in share prices, dropping by 5.89% to close at $31, as investors reacted to better-than-expected earnings performance for Q2 FY2026 [1] - The bank reported a net income after tax increase of 5% to 123.59 billion rupees, compared to 11.7 billion rupees in the same period last year, with a total six-month profit of 251.27 billion rupees [2] - Analysts had anticipated a net profit of 122.36 billion rupees, indicating that the actual performance slightly exceeded expectations [2] Group 2 - Net interest income for ICICI Bank grew by 7.4% to 215.29 billion rupees from 200.5 billion rupees in the same comparable period [2] - The strong performance was supported by lower provisions against bad loans, which helped to mitigate a significant drop in treasury income, which fell by 67.6% to 2.2 billion rupees from 6.8 billion rupees year-on-year [3]

AUSTIN, Texas, Oct. 21, 2025 (GLOBE NEWSWIRE) -- via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The GotStocks Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The GotStocks Podcast shines a spotlight on the small-cap sector through in-depth interviews with executives leading promising companies poise ...

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Financial Data and Key Metrics Changes - Profit before tax, excluding treasury, grew by 9.1% year on year to INR 161.64 billion in Q2 FY 2026 [5] - Core operating profit increased by 6.5% year on year to INR 170.78 billion [5] - Profit after tax grew by 5.2% year on year to INR 123.59 billion [5] - Average deposits grew by 9.1% year on year and 1.6% sequentially [5] - Total deposits grew by 7.7% year on year and 0.3% sequentially [6] - Net NPL ratio improved to 0.39% from 0.41% in the previous quarter [8] - Capital position remained strong with a CET1 ratio of 16.35% [9] Business Line Data and Key Metrics Changes - Domestic loan portfolio grew by 10.6% year on year and 3.3% sequentially [6] - Retail loan portfolio grew by 6.6% year on year and 2.6% sequentially [6] - Business Banking portfolio grew by 24.8% year on year and 6.5% sequentially [7] - Corporate portfolio grew by 3.5% year on year and 1% sequentially [7] - Mortgage portfolio grew by 9.9% year on year and 2.8% sequentially [11] - Credit card portfolio grew by 6.4% year on year and 8.4% sequentially [12] Market Data and Key Metrics Changes - Average liquidity coverage ratio for the quarter was about 127% [6] - The overseas loan portfolio constituted 2.3% of the overall loan book [7] - The gross NPA additions were INR 50.34 billion in the current quarter [14] Company Strategy and Development Direction - The strategic focus remains on growing profit before tax through a customer-centric approach and enhancing delivery capabilities [4] - The company aims to maintain a strong balance sheet, prudent provisioning, and healthy levels of capital while delivering sustainable returns [9] Management Comments on Operating Environment and Future Outlook - Management is positive on growth outlook, noting that growth has picked up across retail portfolios [32] - Corporate India is well-funded with strong balance sheets, and the bank remains active in the corporate space [33] - Margins are expected to remain range-bound due to competitive dynamics and deposit repricing [35][37] Other Important Information - Operating expenses increased by 12.4% year on year, reflecting retail business-related expenses and festive season marketing [22] - The total provisions during the quarter were INR 9.14 billion, reflecting healthy asset quality across segments [23] Q&A Session Summary Question: Is there visibility on continued market share gains on CASA? - Management noted that CASA growth has improved due to steady distribution expansion and digital platforms [40][41] Question: How does the bank view the trade-off between growth and profitability? - Management emphasized that they do not see it as a trade-off but focus on risk-adjusted PPOP [49][50] Question: What is the outlook for vehicle loans and personal loans? - Management is positive on growth in these segments and is increasing disbursements [55][56] Question: How does the bank track the end use of crop loans? - Management stated that processes for PSL classification are reviewed, but no specific issues were noted [70]

Financial Data and Key Metrics Changes - Profit before tax, excluding treasury, grew by 9.1% year-on-year to INR 161.64 billion in Q2 FY26 [2][18] - Core operating profit increased by 6.5% year-on-year to INR 170.78 billion [2] - Profit after tax grew by 5.2% year-on-year to INR 123.59 billion [3][18] - Average deposits grew by 9.1% year-on-year and 1.6% sequentially [3] - Net interest income increased by 7.4% year-on-year to INR 215.29 billion [13] - Non-interest income, excluding treasury, grew by 13.2% year-on-year to INR 73.56 billion [15] Business Line Data and Key Metrics Changes - Domestic loan portfolio grew by 10.6% year-on-year [3] - Retail loan portfolio grew by 6.6% year-on-year [3] - Business banking portfolio grew by 24.8% year-on-year [4] - Mortgage portfolio grew by 9.9% year-on-year [6] - Auto loans grew by 1.4% year-on-year [6] - Personal loans declined by 0.7% year-on-year [6] Market Data and Key Metrics Changes - Average current and savings account deposits grew by 9.7% year-on-year [3] - Total deposits grew by 7.7% year-on-year [3] - The net NPA ratio improved to 0.39% from 0.41% in the previous quarter [4] Company Strategy and Development Direction - The strategic focus remains on growing profit before tax through a customer-centric approach [2] - The company aims to maintain a strong balance sheet and prudent provisioning while delivering sustainable returns [5] - Continued investment in distribution and capacity allocation to higher growth opportunities is emphasized [24] Management Comments on Operating Environment and Future Outlook - Management is positive on growth outlook, noting that growth has picked up across retail portfolios [24] - Corporate India is well-funded, and banks are one of many funding sources [25] - Margins are expected to remain range-bound due to various market dynamics [26][27] Other Important Information - The capital position remains strong with a CET1 ratio of 16.35% [5] - Total provisions during the quarter were INR 9.14 billion, reflecting healthy asset quality [17] Q&A Session Summary Question: Is there visibility on growth acceleration? - Management noted that growth has picked up and is positive on the outlook, but did not provide a specific year-end loan growth number [24] Question: Comments on corporate loan growth environment? - Management indicated that corporate India is well-funded and banks are just one of the funding sources [25] Question: Will margins improve or stay stable? - Margins are expected to be range-bound, with some deposit repricing anticipated [26][27] Question: Insights on Kasa market share growth? - Management highlighted steady distribution expansion and digital platforms as key drivers for Kasa growth [30][32] Question: Thoughts on capital adequacy and payout ratios? - Management emphasized maintaining a strong balance sheet and leveraging capital for growth, with no specific plans on payouts [33][34] Question: Retail asset quality and slippages? - Management noted that retail slippages have improved, indicating a positive trend in asset quality [51][58]

Core Insights - ICICI Bank Ltd. reported a stronger-than-expected profit for the September quarter, driven by robust loan growth and improving asset quality [1] Group 1: Financial Performance - The bank's profit exceeded expectations, indicating strong financial health [1] - The growth in loans contributed significantly to the bank's profitability [1] - Improvement in asset quality suggests better risk management and lower non-performing assets [1]

Q2-2026: Performance review October 18, 2025 Certain definitions in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in ...

ICICI Bank’s profit beat estimates as India’s second-largest private lender reported a healthy growth in loans, fueled by strong retail demand https://t.co/nDytNsK11u ...

Core Insights - The latest episode of The MiningNewsWire Podcast features Sandy McVey, CEO and COO of West Vault Mining Inc., focusing on the company's low-risk, cash-conservative strategy aimed at maximizing shareholder value [2][6] Company Overview - West Vault Mining Inc. is a development-stage gold company that differentiates itself from other junior miners by emphasizing a risk-averse approach and prioritizing shareholder investment [3][4] - The company operates in a highly favorable jurisdiction and has a permitted project with robust economics [4] Market Dynamics - McVey believes that the gold market is currently in a secular bull phase, with gold prices rising from approximately $1,100 to nearly $4,000, indicating a positive outlook for the future [4] - The company holds high-quality gold in the ground, which is considered more cost-effective than owning gold through ETFs due to lower annual holding costs [5] Strategic Focus - West Vault Mining's strategy involves acquiring, advancing, holding, and selling high-quality development gold projects, with a commitment to maximizing shareholder value through a low-risk approach [7]