Experts expect ICICI Bank to report stable numbers for Q4FY26, with no new surprises on provisions. (Bloomberg)AI Quick ReadICICI Bank Q4 results 2026 preview: India's third-largest bank in terms of market capitalisation, ICICI Bank, is set to announce its January-March quarter earnings on Saturday, 18 April.
Along with the Q4FY26 numbers, the bank's board is also expected to consider a proposal for fundraising through the issuance of debt securities, including non-convertible debentures (NCDs) in domestic markets via private placement, as well as bonds, notes, or offshore certificates of deposits in overseas markets.
Experts expect the bank to report stable numbers, with no new surprises on provisions. Profit may see healthy double-digit growth on a year-on-year (YoY) basis, while net interest income (NII) may also register a decent increase.
However, the net interest margin (NIM) may decline slightly on a yearly and quarterly basis, also.
"Results are expected to be positive, with net profit likely to register healthy double-digit growth, driven by robust core operating trends," said Seema Srivastava, Senior Research Analyst at SMC Global Securities.
Srivastava expects the bank's net interest income to witness moderate growth, supported by sustained loan growth and improved earning assets.
She said the bank’s loan book as well as deposit base may grow in double digits, reflecting strong underlying business momentum across key segments.
"Asset quality is anticipated to improve further, aided by lower slippages and steady recoveries, while the net NPA ratio is likely to remain at comfortable levels. NIM may remain broadly stable despite evolving funding cost dynamics," said Srivastava.
According to brokerage firm Motilal Oswal Financial Services, ICICI Bank's net profit may grow by 4.8% YoY, while NII may grow by 7.6% YoY.
ICICI Bank may report flattish NIMs (net interest margins) as the brokerage firm believes CRR (cash reserve ratio) benefits, TD (term deposits) repricing, and lower interest reversals are offset by full repricing of repo cut.
"Loan growth may be healthy at 4.5% QoQ and 14.2% YoY, backed by business banking, a pickup in personal loans (PL), and the mortgage segment. We expect strong deposit growth of 5.2% QoQ and 8.4% YoY," said Motilal Oswal.
Kotak Institutional Equities expects a 3.6% YoY and 15.6% QoQ rise in ICICI Bank's Q4FY26 profit. NII may rise by 4.3% YoY and 0.8% QoQ, but NIM may decline by 16 bps YoY and 10 bps QoQ, Kotak said.
"We expect flat YoY PPOP growth to factor in slower loan growth and lower NIM. Loan growth is likely to be at 13% YoY (expect recovery in retail and SME). We are building in NIM to decline nearly 10 bps QoQ at 4.1%. Reported NIM would be higher than our estimates, partly due to a higher competitive environment," said Kotak Institutional Equities.
"We are building in slippages of nearly 1.5% (nearly ₹55 billion). We do not expect any negative commentary on asset quality. Key discussion areas are NIM outlook and loan growth trajectory, considering the external environment," Kotak said.
ICICI Bank share price closed 0.15% higher at ₹1,347.50 on BSE on 17 April. So far in April, the banking stock has gained nearly 12% compared with an 8% rise in the equity benchmark Sensex.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.
He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters.
His coverage includes stock market trends, sector rotations, monetary and fiscal policy developments, inflation, growth data, and personal finance strategies.
With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments.
He regularly interviews market veterans, fund managers, economists, policymakers, and corporate leaders to provide readers with a 360-degree view of market dynamics and the broader economic landscape.
Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies.
Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.