ICICI Bank Limited (IBN) Q1 2027 Earnings Call Transcript

Good evening to all of you, and welcome to ICICI Bank earnings call to discuss the results for Q1 of financial year '27. Joining us today on this call are Sandeep Batra, Rakesh, Ajay, Anindya and [ Abhinek ]. At ICICI Bank, our strategic focus continues to be on growing profit before tax, excluding treasury through the 360-degree customer-centric approach and by serving opportunities across ecosystems and micro markets. The profit before tax, excluding treasury, grew by 20.9% year-on-year to INR 189.75 billion in this quarter. The core operating profit increased by 15.6% year-on-year to INR 202.35 billion in this quarter. The core operating profit, excluding dividend from subsidiaries increased by 18.3% year-on-year to INR 191.25 billion in this quarter. The profit after tax grew by 15.9% year-on-year to INR 148.05 billion in this quarter. Total deposits grew by 14% year-on-year and 2.2% sequentially at June 30, '26. Average deposits grew by 14% year-on-year and 6.1% sequentially and average current and savings account deposits grew by 12.1% year-on-year and 4.7% sequentially during this quarter. The bank's average liquidity coverage ratio, LCR