India's ICICI Bank falls on quarterly profit miss

ICICI Bank

19/01/2026 04:24

** Shares of India's ICICI Bank ICBK.NS fall nearly 3% to 1370 rupees, set for its worst day in three months

** Co misses Q3 profit expectations

** Dec-quarter profit of 113 billion rupees, down 4% YoY, missed our estimate due to RBI-led provisions on agri loans and new labour law - Jefferies

** Adds, two-year extension to CEO Sandeep Bakhshi's term will abate concerns

** Brokerage Bob Caps says co's PAT missed estimates  largely due to additional standard asset provision

** However, adds co's asset quality remains resilient

** ICBK rated "buy" on avg by 36 analysts covering it; median PT at 1700 rupees - data compiled by LSEG

** In 2025, ICBK gained ~5%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))