ICICI Bank Limited (NYSE:IBN) Beats Profit Forecasts, Says Reuters

ICICI Bank Limited (NYSE:IBN) is one of the Best Indian Stocks to Buy for Next 5 Years. Reuters highlighted that ICICI Bank Limited (NYSE:IBN) beat profit forecasts for Q1 2026, thanks to healthy loan growth that led to increased core lending income. The bank’s standalone net profit went up by 15.5% to INR127.68 billion ($1.48 billion) during the April-to-June quarter, above the average analyst forecast of INR120.24 billion.

Despite slower credit growth throughout the industry, ICICI Bank Limited (NYSE:IBN) saw 12% growth in its loan book, driven primarily due to a 29.7% growth in loans to businesses, added Reuters. ICICI Bank Limited (NYSE:IBN)’s net interest margin declined to 4.34% from 4.36% a year earlier and 4.41% in the previous quarter. This was because of the central bank’s recent rate-cut actions. Its asset quality improved, with the gross non-performing assets ratio coming at 1.67% at the end of June compared to 2.15% in the same period last year.

Reuters highlighted that Indian lenders continue to closely monitor unsecured lending, following an increase in bad loans in the segment. This move supported the asset quality. ICICI Bank Limited (NYSE:IBN)’s net NPA ratio came at 0.41% as of June 30, 2025, compared to 0.43% as of June 30, 2024.

ICICI Bank Limited (NYSE:IBN) provides various banking and financial services to retail and corporate customers. It has its headquarters in Mumbai, India.

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Disclosure: None. This article is originally published at Insider Monkey.