Mumbai, June 12, 2026, 15:35 (IST)
- ICICI Bank was up roughly 1.8% Friday afternoon, last seen around ₹1,341. Shares moved between ₹1,318.70 and ₹1,344.30 during the session.
- Bank stocks pushed higher in a wider India market rally, with falling crude prices and better global risk mood in play.
- ICICI Bank kept up a solid earnings base in Q4 FY26 as profit after tax rose 8.5% on the year. Net NPA ratio is at 0.33%.
ICICI Bank traded higher on Friday, with buyers moving into big private banks as Indian stocks rallied. Shares changed hands near ₹1,341.20 on NSE, climbing about 1.8%. Moneycontrol showed the stock moved between ₹1,318.70 and ₹1,344.30 for the day, with a 52-week spread of ₹1,187.60 to ₹1,500.00.
The bank moved up in line with Indian stocks as oil prices dropped and buyers came back in. Reuters said the Nifty 50 gained 1.02% to 23,398.9. The Sensex added 1.17% to 74,693.12 in early deals, with gains across every major sector. Hariprasad K, analyst and Livelong Wealth founder, called the new U.S.-Iran signals “a diplomatic breakthrough,” saying it cut back geopolitical risk premiums. Reuters
Bank stocks led the gains early. The Nifty Bank index climbed 1.25% to 55,867.40 as of 9:55 a.m., Moneycontrol said, topping the Nifty 50. All 14 Nifty Bank stocks traded higher, with ICICI Bank giving a lift to the index.
Reserve Bank of India’s concessional forex swap facility for bank overseas borrowings has also boosted sector sentiment in recent days. ICICI Bank gained 1.2% during that move this week, Reuters reported. ICICI Securities expects the RBI move to add more stable medium-term foreign-currency deposits and lessen banks’ need to rely on domestic deposits, the note said.
ICICI Bank posted its latest exchange update in what looked like a procedural move, not related to earnings. The company announced it had allotted 394,038 equity shares of face value ₹2 each under the Employees Stock Option Scheme 2000, according to a filing dated June 12. The bank’s feed at 15:31 IST showed the stock and flagged heavy trading that day.
ICICI Bank’s April numbers kept the stock’s fundamentals steady. For Q4 FY26, profit after tax came in at ₹13,702 crore, an 8.5% increase from last year. Net interest income added 8.4% to ₹22,979 crore, with net interest margin at 4.32%. Total loans climbed 15.8% year on year to ₹15,53,893 crore. Deposits were up 11.4% to ₹17,94,625 crore. Net NPA ratio at the end of March was 0.33%.
ICICI Bank is trading at ₹1,342.20, and Trendlyne’s consensus target puts the stock at ₹1,704.89, which signals about 27% upside from here. Investors looking for a large private bank with steady margins, loan growth and strong asset quality may find it appealing. Easier liquidity, lower macro risk from crude, and solid credit growth would help the story. Risks remain if foreign outflows return, deposit competition heats up, the rupee swings, or asset quality worsens.
