The action was taken for violation of the Reserve Bank of India master direction dated January 7, 2025 and SEBI (Foreign Portfolio Investors) Regulations, 2019.
ALSO READ | Five reasons why Motilal Oswal sees 41% upside in ICICI Bank sharesICICI Bank said there is no material impact on its financial, operational or other activities due to the matter. The bank also stated that the disclosure could not be submitted within the prescribed timeline due to an inadvertent internal delay.
Fourth quarter resultsICICI Bank’s net profit increased 8.5% to ₹13,701.7 crore from ₹12,630 crore in the previous year. It was also above Street estimates of ₹12,949 crore. The lender’s net interest income (NII) was at ₹22,979.2 crore, up 8.4% from the previous year’s ₹21,193 crore and higher than the CNBC-TV18 poll of ₹22,755 crore.
ICICI Bank’s asset quality improved as well. Its net non-performing assets (NPA) fell to 0.33% from 0.37% in the previous quarter. it was down to ₹5,459.5 crore from ₹5,732 crore in the previous quarter. Its gross NPA contracted to 1.4% from 1.53% sequentially. It declined to ₹23,051.9 crore from ₹23,758 crore in the earlier quarter.
ALSO READ | Former SEBI official Ashwani Bhatia joins ICICI Bank board
The bank’s provisions were at ₹96.2 crore compared to ₹2,556 crore sequentially and ₹890.7 crore in the previous year. ICICI Bank’s total advances increased by 15.8% from the previous year and 6% sequentially to ₹15.53 lakh crore.
Its net interest margin was at 4.32% in the fourth quarter compared to 4.3% in the previous quarter. Its NIM for FY26 was 4.32%, similar to the previous fiscal.
Shares of ICICI Bank Ltd ended at ₹1,252.30, up by ₹9.95, or 0.80 on the BSE today, June 4.
