# ICICI Bank Q2 Results: PAT, NII May Rise 21% YoY

> ICICI Bank's Q2 earnings could see PAT and NII grow up to 21% YoY, with margins and deposit growth under focus.
- Title: ICICI Bank Q2 Results: PAT, NII May Rise 21% YoY | Shortify
- Summary: ICICI Bank's Q2 earnings could see PAT and NII grow up to 21% YoY, with margins and deposit growth under focus. ICICI Bank is expected to report year-on-year…
- Keywords: icici bank, q2fy27, pat, nii, net interest margin, deposit growth, brokerage estimates, jm financial, motilal oswal financial services, dolat capital, money, business
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/earnings/icici-bank-q2-results-preview-pat-nii-may-rise-up-to-21-yoy-margins-deposit-growth-in-focus/articleshow/134988975.cms
- Author: Kumar Gaurav
- Published: 2026-10-16T09:07:00+00:00
- Read time: 1 min
- Topics: icici bank, q2fy27, pat, nii, net interest margin, deposit growth, brokerage estimates, jm financial, motilal oswal financial services, dolat capital, money, business
## ICICI Bank Q2 Earnings Preview
ICICI Bank is expected to report strong year-on-year growth in net interest income and profit after tax for the September quarter.
## NII Growth Estimates
Brokerages project NII growth of 15.8-18% year-on-year in Q2FY27, supported by loan growth.
## PAT Growth Projections
Profit after tax is expected to rise 15-21% year-on-year in Q2FY27, with JM Financial forecasting 15% growth.
## Operating Profitability
Operating profitability is projected to grow 20-21% year-on-year, with pre-provision operating profit rising.
## Net Interest Margins
Net interest margins face pressure from leveraged loans and foreign currency non-resident deposit inflows.
## Loan and Deposit Growth
Loan growth is expected at 26.2% year-on-year, with deposits rising 25.2% year-on-year.
## Deposit Growth Details
Deposits are projected at Rs 20,19,700 crore in Q2FY27, up 10.1% sequentially from Q1FY27.
## Asset Quality Focus
Gross non-performing assets are expected to remain at 1.3%, down from 1.4% in Q1FY27.
## Provision Coverage Ratio
Provision coverage ratio is projected at 75.7%, slightly up from 75.2% in Q1FY27.
## Brokerage Ratings
MOFSL maintains a Buy rating on ICICI Bank with a target price of Rs 1,750, implying 33% upside.
## Earnings Outlook
ICICI Bank's Q2FY27 earnings are expected to show healthy growth despite margin pressure from leveraged loans.
## Key takeaway

ICICI Bank is expected to report year-on-year growth in profit after tax and net interest income of up to 21% in Q2FY27, driven by strong loan and deposit growth.