ICICI Bank Profit Falls Short, CEO Reappointed
India’s second-largest private lender ICICI Bank reported a lower-than-expected net profit for the quarter ending December 31, 2025, as higher provisions for potential loan losses weighed on earnings. The bank’s profit fell compared with the same period last year and did not meet market forecasts.
Profit and Financials
ICICI Bank’s standalone net profit was reported at ₹113.18 billion for the December quarter, below analysts’ expectations. The bank increased its provisions for non-performing and misclassified loans after regulatory reviews, which contributed to the reduced profit. Net interest income, supported by growth in loans and deposits, rose moderately during the quarter.
CEO Reappointment
Despite the weaker profit outcome, ICICI Bank’s board reappointed Sandeep Bakhshi as Managing Director and Chief Executive Officer for another two-year term starting in October 2026. The decision was made to provide continuity in leadership as the bank navigates financial and strategic challenges.
Outlook
ICICI Bank said asset quality remained stable, with a slight improvement in non-performing asset ratios compared with the previous quarter. Management indicated that strategic focus will remain on balanced growth, risk management, and strengthening financial performance in the coming periods.
