ICICI Bank publishes Q2 FY2027 earnings call transcript
IBN•ICICI Bank published transcripts of its October 17, 2026, results calls. Net interest margin fell to 4.18% from 4.36%, while management expects margins to recover after further third-quarter compression.
1. Margins and lending
Management said margins are expected to recover following further compression in the third quarter. FCNR (B) deposits totaled USD 18 billion, with remaining funds to be deployed over the next two quarters. Loans grew 24.1% year over year excluding international-branch lending against those deposits, compared with 30% overall growth. Domestic corporate lending rose 30.6%; management attributed demand partly to borrowers shifting from bond markets and foreign-currency borrowing.
