ICICI Bank Limited (IBN) Q2 2027 Earnings Call Transcript

SA Transcripts 162.48K Followers Follow ICICI Bank Limited ( IBN ) Q2 2027 Earnings Call October 17, 2026 7:30 AM EDT Company Participants Sandeep Bakhshi - MD, CEO & Executive Director Anindya Banerjee - Group CFO & Head of Investor Relations Conference Call Participants Mahrukh Adajania Nitin Aggarwal - Motilal Oswal Securities Limited, Research Division Kunal Shah - Citigroup Inc., Research Division Parameswaran Subramanian - Investec Bank plc, Research Division Chintan Joshi Presentation Operator Ladies and gentlemen, good day, and welcome to ICICI Bank Limited Q2 FY '27 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Bakhshi, Managing Director and Chief Executive Officer of ICICI Bank. Thank you, and over to you, sir. Sandeep Bakhshi MD, CEO & Executive Director Thank you. Good evening to all of you, and welcome to the ICICI Bank earnings call to discuss the results for Q2 of FY '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 23.4% year-on-year to INR 199.54 billion in this quarter. The core operating profit increased by 21.8% year-on-year to INR 208.05 billion in this quarter. The core operating profit, excluding dividend from subsidiaries increased by 25% year-on-year to INR 203.42 billion in this quarter. The profit after tax grew by 20.1% year-on-year to INR 148.43 billion in this quarter. Total deposits grew by 27.1% year-on-year and 11.8% sequentially at September 30, 2026. Average deposits grew by 21.2% year-on-year and 8% sequentially and average current and savings accounts deposits grew by 10.7% year-on-year and 1.4% sequentially during this quarter. The bank