The bank had to make a $143m for regulatory compliance related to agri loans.

ICICI Bank’s profit after tax saw a slight decline in the Q3 2026 period as provisions doubled.

Profit after tax was a $1.3b for the period, or the quarter that ended in December 2025, according to its latest financial results released on 17 January 2026.

This is almost equal to the $1.3b it earned in Q3 2025.

All incomes and fees increased during the quarter. However, provisions more than doubled to $284m in Q3 2026 compared to just $137m in Q3 2025.

The Reserve Bank of India (RBI) had directed ICICI Bank to make a $143m provision during the quarter in respect of a portfolio of agricultural priority sector loans. The terms of these loans were found to not be fully compliant with regulatory requirements for classification as agricultural priority sector lending.

Net interest income (NII) rose by 7.7% year-on-year (YoY) to $2.4b. Net interest margin was 4.3%, higher than the 4.25% in Q3 2025.

Non-interest income (NOII) increased 12.4% YoY to $837m.

Fee income grew by 6.3% YoY to $731m in the same quarter. ICICI Bank reported a treasury loss of $17m, attributed to “market movements.”

Operating expenses rose by 13.2% YoY to $1.3b in Q3 2026. This includes $16m of provisions on an estimated basis pursuant of new labour codes, the bank said.

Average deposits grew by 8.7% to $176.5b.

ICICI Bank’s retail loan portfolio grew by 7.2% YoY, whilst its business banking portfolio grew by 22.8% YoY, the bank said.