Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q1 2026 Earnings Presentation
59 slides from Icici Bank's earnings presentation, Jul 19, 2025
Slide 1: Q1-2026: Performance review
Q1-2026: Performance review July 19, 2025
Slide 2: Forward-looking statements disclaimer
Certain definitions in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litiga
Slide 3: Highlights for Q1-2026
Highlights for Q1-2026 3
Slide 4: Key highlights for Q1-2026 (1/2)
Key highlights for Q1-2026 (1/2) • Profit before tax excluding treasury grew by 11.4% y-o-y to ₹ 156.90 bn in Q1- 2026 Earnings • Core operating profit grew by 13.6% y-o-y to ₹ 175.05 bn • Profit after tax grew by 15.5% y-o-y to ₹ 127.68 bn in Q1-2026 • Period end total deposits grew by 12.8% y-o-y
Slide 5: Key highlights for Q1-2026 (2/2)
Key highlights for Q1-2026 (2/2) • Net NPA ratio was 0.41% at Jun 30, 2025 (Jun 30, 2024: 0.43%) • Net additions of ₹ 30.34 bn to gross NPAs in Q1-2026 (Q1-2025: ₹ 26.24 bn) Asset • Provisions of ₹ 18.15 bn in Q1-2026 (0.53% of average advances) quality • Provision coverage was 75.3% at Jun 30, 2025
Slide 6: Operating performance
Operating performance 6
Slide 7: Profit & loss statement
Profit & loss statement (₹ billion) Q1-o-Q1 FY2025 Q1-2025 Q4-2025 Q1-2026 (%) Net interest income1 811.65 195.53 211.93 216.35 10.6% Non-interest income 266.03 63.89 70.21 72.64 13.7% - Fee income 238.70 54.90 63.06 59.00 7.5% - Dividend income from subsidiaries 26.19 8.94 6.75 13.36 49.5% - Others
Slide 8: Profit & loss statement
Profit & loss statement ₹ in billion Q1-o-Q1 FY2025 Q1-2025 Q4-2025 Q1-2026 (%) Core operating profit 653.96 154.12 174.25 175.05 13.6% Provisions 46.83 13.321 8.91 18.15 36.2% Profit before tax excluding 607.13 140.80 165.34 156.90 11.4% treasury Treasury income 19.03 6.13 2.39 12.41 - Profit befor
Slide 9: Key ratios
Key ratios Percent FY2025 Q1-2025 Q4-2025 Q1-20261 Net interest margin2 4.32 4.36 4.41 4.34 Cost of deposits 4.91 4.84 5.00 4.85 Cost-to-income 38.6 39.7 37.9 37.8 Core operating profit/average assets 3.33 3.29 3.43 3.34 Provisions/core operating profit 7.23 8.63 5.1 10.4 Provisions/average advances
Slide 10: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2025 Q1-2025 Q4-2025 Q1-2026 (₹ billion) Retail 216.21 42.39 64.93 47.35 Wholesale 215.64 49.12 55.51 53.87 Treasury 187.61 54.74 44.66 62.61 Others 6.70 0.68 2.63 5.48 Unallocated1 - - - - Total 626.16 146.93 167.73 169.31 1. Represents contingenc
Slide 11: Balance sheet growth
Balance sheet growth 11
Slide 12: Outstanding deposits
Outstanding deposits (₹ billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at Jun 2024 2025 2025 growth 30, 2025 CASA 5,836.71 6,737.29 6,628.13 13.6% 41.2% - Current 1,760.28 2,329.57 2,169.71 23.3% 13.5% - Savings 4,076.43 4,407.72 4,458.42 9.4% 27.7% Term 8,424.79 9,366.19 9,457.04 12.3% 58.8% Total
Slide 13: Average deposits
Average deposits Y-o-Y (₹ billion) Q1-2025 Q4-2025 Q1-2026 growth CASA 5,464.47 5,715.30 5,939.09 8.7% Term 8,322.11 9,151.05 9,393.32 12.9% Total deposits 13,786.58 14,866.35 15,332.41 11.2% Average CASA ratio 39.6% 38.4% 38.7% - • Average current account deposits increased by 11.2% y-o-y and 4.6%
Slide 14: Loan portfolio
Loan portfolio Jun 30, Mar 31, Jun 30, Y-o-Y % share at (₹ billion) 2024 2025 2025 growth Jun 30, 20254 Retail 6,741.38 7,172.23 7,205.40 6.9% 52.2% Rural loans 774.63 783.40 771.51 (0.4%) 5.6% Business banking1 2,105.59 2,633.67 2,730.83 29.7% 19.8% Domestic corporate and others 2,563.77 2,796.51 2
Slide 15: Retail portfolio
Retail portfolio (₹ billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at 2024 2025 2025 growth Jun 30, 2025 Mortgages 4,059.96 4,395.84 4,478.85 10.3% 62.2% Vehicle loans 940.72 965.43 962.73 2.3% 13.4% - Auto finance 602.04 619.44 615.31 2.2% 8.5% - Commercial vehicle and 321.18 336.32 340.18 5.9% 4.7
Slide 16: Asset quality trends
Asset quality trends 16
Slide 17: NPA trends
NPA trends (₹ billion) Jun 30, Mar 31, Jun 30, 2024 2025 2025 Gross NPAs1 287.19 241.66 247.33 Less: cumulative provisions 230.34 185.77 187.62 Net NPAs1 56.85 55.89 59.71 Gross NPA ratio1 2.15% 1.67% 1.67% Net NPA ratio1 0.43% 0.39% 0.41% Provision coverage ratio 79.7% 76.2% 75.3% Retail and rural
Slide 18: NPA movement
NPA movement1 ₹ billion FY2025 Q1-2025 Q4-2025 Q1-2026 Opening gross NPA 279.62 279.62 277.45 241.66 Add: gross additions (1) 202.11 59.16 51.42 62.45 - Retail and rural 176.44 52.042 43.39 51.933 - Corporate and business banking 25.67 7.12 8.03 10.52 Less: recoveries, upgrades and others (2) 117.62
Slide 19: Other portfolios
Other portfolios Jun 30, Mar 31, Jun 30, (₹ billion) 2024 2025 2025 1 Resolution under RBI frameworks Retail and rural1 23.25 17.55 16.22 Corporate and business banking1 4.10 2.01 1.66 Total fund based o/s1 27.35 19.56 17.88 2 Corporate: BB and below outstanding2 - Fund and non-fund o/s to borrowers
Slide 20: Standard assets and other provisions
Standard assets and other provisions1,2 (₹ billion) Jun 30, Mar 31, Jun 30, 2024 2025 2025 Total provisions 234.03 226.51 226.64 -- of which contingency provisions 131.00 131.00 131.00 Total as a % of net advances 1.9% 1.7% 1.7% 1. Excludes specific provisions on fund-based outstanding to borrowers
Slide 21: Loan portfolio information
Loan portfolio information 21
Slide 22: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Jun 30, 2025 52.2% of total loans are retail3 2 1. Proportions are gross of BRDS/IBPC 2. This portfolio comprises borrowers with turnover of upto ₹ 7.50 bn 3. Including non-fund based outstanding, the share of retail portfolio was 43.2
Slide 23: Mortgage portfolio
Mortgage portfolio Mortgage portfolio includes home loans ~66%, top-up loans given to existing home loan customers 6%, non-residential loans ~6% and loan against property ~17% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying borrower
Slide 24: Rural and personal loan and credit card portfolio
Rural and personal loan and credit card portfolio Rural loans Personal loans and credit cards Gold loans comprise ~2% and kisan credit cards comprise ~2% of the total loan book Growth in retail credit card spends driven by Leverage opportunities for ▪ Improvement in discretionary spending growth in
Slide 25: Business banking portfolio
Business banking portfolio Growth driven by leveraging branch network and digital platforms such as InstaBIZ, Merchant STACK and Trade Online and efforts towards process decongestion such as e- signing of disbursement documents through EazySign Focus on parameterised and programme based lending, gra
Slide 26: Rating-wise loan book for corporate portfolio
Rating-wise loan book for corporate portfolio Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Rating category1 2021 2022 2023 2024 2025 2025 AA- and above 43.4% 46.4% 45.0% 38.3% 35.9% 33.1% A+, A, A- 27.2% 31.0% 35.6% 40.2% 38.9% 40.1% A- and above 70.6% 77.4% 80.6% 78.5% 74.8% 73.2% BBB+,BBB, BBB-
Slide 27: Exposure to power sector
Exposure to power sector (₹ billion) Jun 30, Mar 31, Jun 30, Share at Jun 2024 2025 2025 30, 2025 (%) Borrowers classified as NPA or part of BB 9.90 8.58 8.57 1.6% and below portfolio1 Other borrowers 507.02 493.09 534.52 98.4% Total 516.92 501.67 543.09 100.0% • Of the other borrowers aggregating ₹
Slide 28: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Jun 30, Mar 31, Jun 30, Outstanding (₹ billion) 2024 2025 2025 NBFCs/HFCs1 854.12 918.38 874.17 Builder portfolio (construction finance, lease rental 521.30 616.24 628.33 discounting, term loans and working capital) • Proportion of the NBFCs/HFCs portfolio internall
Slide 29: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Jun 30, 2025: USD 3.22 billion 1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance backed lending 29
Slide 30: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Jun 30, Advances 2021 2022 2023 2024 2024 2025 2025 Exposure to top 20 borrowers1 as a % of 12.1% 9.6% 8.5% 8.3% 7.5% 7.5% 7.1% total exposure Exposure to top 10 groups as a % of total 11.6% 10.3% 10.1% 10.0% 9.7% 9.6% 9.6% ex
Slide 31: Capital
Capital 31
Slide 32: Standalone capital adequacy
Standalone capital adequacy Mar 31, 20251 Jun 30, 20252 (₹ billion) % (₹ billion) % Total capital 2,666.62 16.55% 2,690.28 16.31% - Tier I 2,567.38 15.94% 2,580.96 15.65% - of which: CET1 2,567.38 15.94% 2,580.96 15.65% - Tier II3 99.24 0.61% 109.32 0.66% Risk weighted assets 16,111.04 16,489.66 - O
Slide 33: Group companies
Group companies 33
Slide 34: Profit after tax of key subsidiaries
Profit after tax of key subsidiaries Profit after tax (₹ billion) FY2025 Q1-2025 Q4-2025 Q1-2026 ICICI Prudential Life Insurance 11.89 2.25 3.86 3.02 ICICI Lombard General Insurance 25.08 5.80 5.10 7.47 ICICI Prudential Asset Management1 26.51 6.33 6.92 7.82 ICICI Securities (Consolidated)1 19.42 5.
Slide 35: Key subsidiaries
Key subsidiaries ICICI Prudential Life Insurance • Annualised premium equivalent (APE) was ₹ 18.64 billion in Q1-2026 compared to ₹ 19.63 billion in Q1-2025 • Value of new business (VNB) was ₹ 4.57 billion in Q1-2026 compared to ₹ 4.72 billion in Q1-2025 • New business sum assured grew by 36.3% y-o-
Slide 36: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 36
Slide 37: ESG @ ICICI Bank
ESG @ ICICI Bank Environment Social Governance Promoting sustainable Striving to create value Being responsible and environmental practices for all stakeholders transparent in business • Green financing portfolio (as per • Commitment to Tata Memorial • Committed to principles of Board internal Frame
Slide 38: Thank you
PICICI Bank Thank you
Slide 39: Additional financial information
Additional financial information 39
Slide 40: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & margins FY2025 Q1-2025 Q4-2025 Q1-20261 (Percent) Yield on total interest-earning assets 8.69 8.69 8.82 8.61 - Yield on advances 9.76 9.80 9.86 9.53 Cost of funds 5.10 5.05 5.18 5.02 - Cost of deposits 4.91 4.84 5.00 4.85 Net interest margin2 4.32 4.
Slide 41: Consolidated profit & loss statement (1/2)
Consolidated profit & loss statement (1/2) Q1-o-Q1 (₹ billion) FY2025 Q1-2025 Q4-2025 Q1-2026 growth Net interest income 973.04 234.60 253.40 259.90 10.8% Non-interest income 1,082.55 226.88 313.61 254.96 12.4% - Fee income 322.25 75.53 82.96 79.94 5.8% - Premium income 709.01 135.67 223.73 147.36 8
Slide 42: Consolidated profit & loss statement (2/2)
Consolidated profit & loss statement (2/2) (₹ billion) Q1-o-Q1 FY2025 Q1-2025 Q4-2025 Q1-2026 growth Operating profit 777.59 180.77 200.53 213.17 17.9% Provisions 49.06 13.16 9.41 18.22 38.4% Profit before tax 728.53 167.61 191.12 194.95 16.3% Tax 184.35 43.55 47.89 51.01 17.1% Share in profit of as
Slide 43: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2025 Q1-2025 Q4-2025 Q1-2026 Return on equity 18.0 17.7 18.1 16.9 Weighted average EPS (₹) 72.4 66.7 76.4 76.1 Book value (₹) 429 383 429 450 slide 9 43
Slide 44: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Net worth 2,539.94 2,920.77 3,063.21 - Equity capital 14.07 14.25 14.27 - Reserves 2,525.87 2,906.52 3,048.94 Deposits 14,261.50 16,103.48 16,085.17 - Current 1,760.28 2,329.57 2,169.71 - Savings 4,076.43 4,407.72 4,458.42
Slide 45: Composition of borrowings
Composition of borrowings (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Domestic 935.71 991.22 946.67 1 - Capital instruments 28.62 19.51 29.64 - Other borrowings 907.09 971.71 917.03 - Long term infrastructure bonds 456.19 417.69 417.69 - Refinance 358.85 433.26 389.23 Overseas borrowings2 265
Slide 46: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Cash & bank balances 1,345.09 2,140.23 1,968.21 Investments 8,577.94 8,863.77 9,058.84 Advances 13,030.46 14,206.64 14,455.93 Fixed & other assets 1,120.46 1,211.77 1,203.38 Total assets 24,073.95 26,422.41 26,686.36 , Net
Slide 47: Branch and ATM network
Branch and ATM network Branches Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, % share at 2021 2022 2023 2024 2025 2025 Jun 30, 2025 Metro 1,542 1,567 1,709 1,907 2,079 2,121 30.0% Urban 1,063 1,074 1,160 1,310 1,422 1,443 20.4% Semi urban 1,537 1,599 1,712 1,838 1,905 1,914 27.1% Rural 1,124 1,178
Slide 48: Balance sheet: assets
Balance sheet: assets (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Cash & bank balances 1,106.63 1,855.62 1,645.98 Investments 4,752.56 5,047.57 5,077.07 - SLR investments 3,794.37 3,996.87 3,920.27 - Equity investment in subsidiaries 121.41 191.361 191.46 Advances 12,231.54 13,417.66 13,641.5
Slide 49: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 ICICI Prudential Life Insurance 32.75 32.75 32.75 ICICI Lombard General Insurance 46.50 46.50 46.50 ICICI Bank Canada 9.96 9.96 9.96 ICICI Bank UK 9.70 9.70 9.70 ICICI Home Finance 18.62 18.62 18.62 ICICI Securities
Slide 50: Portfolio composition
Portfolio composition Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Domestic 94.3% 95.3% 95.2% International 5.7% 4.7% 4.8% Total consolidated advances (₹ billion) 13,030 14,207 14,456 slide 14 50
Slide 51: Retail and rural NPAs
Retail and rural NPAs Jun 30, Mar 31, Jun 30, ₹ in billion 2024 2025 2025 Gross retail and rural NPAs 127.87 127.16 132.96 - as a % of gross advances 1.68% 1.58% 1.65% Net retail and rural NPAs 43.32 42.14 43.58 - as a % of net advances 0.58% 0.53% 0.55% slide 17 51
Slide 52: Sector-wise exposures
Sector-wise exposures Top 10 sectors1,2: % of total Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, exposure of the Bank 2021 2022 2023 2024 2025 2025 Retail finance3 29.8% 35.9% 37.9% 39.1% 37.4% 36.9% Services – finance 10.2% 9.1% 8.9% 8.1% 8.1% 7.8% Wholesale/retail trade 4.8% 4.2% 5.1% 5.8% 6.5%
Slide 53: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Mar 31, Jun 30, 20251 20252 Total capital 16.41% 16.14% - Tier I 15.81% 15.49% - of which: CET 1 15.81% 15.49% - Tier II 0.60% 0.65% • Including profits for Q1-2026, CET 1 ratio was 16.11%, Tier I ratio was 16.11% and total capital adequacy ratio was 16.75
Slide 54: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2025 Q1-2025 Q4-2025 Q1-2026 Annualised premium equivalent 104.07 19.63 35.02 18.64 - Of which: protection 16.38 3.55 4.72 4.09 Assets under management 3,093.59 3,088.75 3,093.59 3,244.89 Cost/Total premium1 18.1% 24.0% 14.9% 21.2% ICICI General2 (₹ billio
Slide 55: ICICI Bank UK
ICICI Bank UK (USD million) FY2025 Q1-2025 Q4-2025 Q1-2026 Net interest income 65.9 16.2 16.7 17.0 Operating profit 35.3 9.1 7.6 8.2 Loans and advances 1,148.8 1,102.6 1,148.8 1,167.5 Deposits 1,886.7 1,599.4 1,886.7 2,045.1 - Retail term deposits 558.5 656.2 558.5 502.1 Capital adequacy ratio 22.6%
Slide 56: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 2.60 bn Total liabilities: USD 2.60 bn 1. At Jun 30, 2025 2. Includes cash & advances to banks and T Bills 3. Includes Interbank lending of more than 3 months 56
Slide 57: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2025 Q1-2025 Q4-2025 Q1-2026 Net interest income 113.4 31.2 24.3 22.3 Operating profit 95.7 27.2 16.1 11.4 Loans and advances 4,460.9 5,063.3 4,460.9 4,115.4 - Residential mortgages 2,738.9 3,417.4 2,738.9 2,498.3 Deposits 2,931.7 3,142.8 2,931.7 2,793.8 Capital ade
Slide 58: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 4.89 bn Total liabilities: CAD 4.89 bn 1. At Jun 30, 2025 2. Includes government securities and cash & placements with banks 3. Insured mortgages include CAD 1,502.6 million of securitised mortgages at Jun 30, 2025 (Mar 31, 2
Slide 59: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Mar 31, 2025 Jun 30, 2025 Loans and advances 281.20 290.31 Gross impaired loans (stage 3) 4.32 4.77 Net impaired loans (stage 3) 2.86 3.17 Capital adequacy ratio 19.9% 19.5% slide 34 1. As per Ind AS 59