Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q2 2026 Earnings Presentation
58 slides from Icici Bank's earnings presentation, Oct 19, 2025
Slide 1: Q2-2026: Performance review
Q2-2026: Performance review October 18, 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 Q2-2026
Highlights for Q2-2026 3
Slide 4: Key highlights for Q2-2026 (1/2)
Key highlights for Q2-2026 (1/2) • Profit before tax excluding treasury grew by 9.1% y-o-y to ₹ 161.64 bn in Q2-2026 Earnings • Core operating profit grew by 6.5% y-o-y to ₹ 170.78 bn in Q2-2026 • Profit after tax grew by 5.2% y-o-y to ₹ 123.59 bn in Q2-2026 • Average deposits grew by 9.1% y-o-y and
Slide 5: Key highlights for Q2-2026 (2/2)
Key highlights for Q2-2026 (2/2) • Net additions of ₹ 13.86 bn to gross NPAs in Q2-2026 (Q1-2026: ₹ 30.34 bn) • Provisions of ₹ 9.14 bn in Q2-2026 (Q1-2026: ₹ 18.15 bn) Asset • Net NPA ratio was 0.39% at Sep 30, 2025 (Jun 30, 2025: 0.41%) quality • Provision coverage ratio was 75.0% at Sep 30, 2025
Slide 6: Operating performance
Operating performance 6
Slide 7: Profit & loss statement
Profit & loss statement Q2- H1- Q1- Q2- H1- Q2-o-Q2 (₹ billion) FY2025 2025 2025 2026 2026 2026 (%) Net interest income 811.65 200.481 396.01 216.351 215.291 431.64 7.4% Non-interest income 266.03 64.96 128.85 72.64 73.56 146.20 13.2% - Fee income 238.70 58.94 113.84 59.00 64.91 123.91 10.1% - Divid
Slide 8: Profit & loss statement
Profit & loss statement ₹ in billion Q2- H1- Q1- Q2- H1- Q2-o-Q2 FY2025 2025 2025 2026 2026 2026 (%) Core operating profit 653.96 160.43 314.55 175.05 170.78 345.83 6.5% Provisions 46.83 12.33 25.65 18.15 9.14 27.29 (25.9)% Profit before tax excluding 607.13 148.10 288.90 156.90 161.64 318.54 9.1% t
Slide 9: Key ratios
Key ratios Q2- H1- Q1- Q2- H1- Percent FY2025 2025 2025 20261 20261 20261 Net interest margin 4.32 4.272 4.31 4.342 4.302 4.32 Cost of deposits 4.91 4.88 4.87 4.85 4.64 4.75 Cost-to-income 38.6 38.6 39.1 37.8 40.6 39.2 Core operating profit/average assets 3.33 3.27 3.28 3.34 3.22 3.28 Provisions/cor
Slide 10: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2025 Q2-2025 H1-2025 Q1-2026 Q2-2026 H1-2026 (₹ billion) Retail 216.21 55.56 97.95 47.35 63.18 110.53 Wholesale 215.64 51.98 101.10 53.87 57.60 111.47 Treasury 187.61 46.03 100.77 62.61 41.42 104.03 Others 6.70 1.33 2.01 5.48 1.64 7.12 Unallocated1
Slide 11: Balance sheet growth
Balance sheet growth 11
Slide 12: Outstanding deposits
Outstanding deposits (₹ billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at 2024 2025 2025 growth Sep 30, 2025 CASA 6,087.23 6,628.13 6,588.71 8.2% 40.9% - Current 1,830.90 2,169.71 2,067.47 12.9% 12.8% - Savings 4,256.33 4,458.42 4,521.24 6.2% 28.1% Term 8,890.38 9,457.04 9,539.54 7.3% 59.1% Total de
Slide 13: Average deposits
Average deposits Y-o-Y (₹ billion) Q2-2025 Q1-2026 Q2-2026 growth CASA 5,560.48 5,939.09 6,101.04 9.7% Term 8,720.47 9,393.32 9,473.45 8.6% Total deposits 14,280.95 15,332.41 15,574.49 9.1% Average CASA ratio 38.9% 38.7% 39.2% - • Average current account deposits increased by 12.6% y-o-y and 1.6% se
Slide 14: Loan portfolio
Loan portfolio Sep 30, Jun 30, Sep 30, Y-o-Y Q-o-Q % share at (₹ billion) 2024 2025 2025 growth growth Sep 30, 20253 Retail 6,935.07 7,205.40 7,393.84 6.6% 2.6% 52.1% Rural loans 787.89 771.51 777.61 (1.3)% 0.8% 5.5% Business banking1 2,330.25 2,730.83 2,909.21 24.8% 6.5% 20.5% Domestic corporate an
Slide 15: Retail portfolio
Retail portfolio (₹ billion) Sep 30, Jun 30, Sep 30, Y-o-Y Q-o-Q % share at 2024 2025 2025 growth growth Sep 30, 2025 Mortgages 4,191.05 4,478.85 4,606.14 9.9% 2.8% 62.3% Vehicle loans 943.19 962.73 962.66 2.1% -1 13.0% - Auto finance 606.87 615.31 615.55 1.4% -1 8.3% - Commercial vehicle and 321.34
Slide 16: Asset quality trends
Asset quality trends 16
Slide 17: NPA trends
NPA trends (₹ billion) Sep 30, Jun 30, Sep 30, 2024 2025 2025 Gross NPAs1 271.21 247.33 238.50 Less: cumulative provisions 214.36 187.62 180.23 Net NPAs1 56.85 59.71 58.27 Gross NPA ratio1 1.97% 1.67% 1.58% Net NPA ratio1 0.42% 0.41% 0.39% Provision coverage ratio 78.5% 75.3% 75.0% Retail and rural
Slide 18: NPA movement
NPA movement1 ₹ billion FY2025 Q2-2025 Q1-2026 Q2-2026 Opening gross NPA 279.62 287.19 241.66 247.33 Add: gross additions (1) 202.11 50.73 62.45 50.34 - Retail and rural 176.44 43.41 51.932 40.49 - Corporate and business banking 25.67 7.32 10.52 9.85 Less: recoveries, upgrades and others (2) 117.62
Slide 19: Other portfolios
Other portfolios Sep 30, Jun 30, Sep 30, (₹ billion) 2024 2025 2025 1 Resolution under RBI frameworks Retail and rural1 21.29 16.22 14.84 Corporate and business banking1 4.17 1.66 1.40 Total fund based o/s1 25.46 17.88 16.24 2 Corporate: BB and below outstanding2 - Borrowers with o/s greater than ₹
Slide 20: Standard assets and other provisions
Standard assets and other provisions1,2 (₹ billion) Sep 30, Jun 30, Sep 30, 2024 2025 2025 Total provisions 231.91 226.64 226.20 -- of which contingency provisions 131.00 131.00 131.00 Total as a % of net advances 1.8% 1.7% 1.6% 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 Sep 30, 2025 52.1% 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 42.9
Slide 23: Mortgage, personal loan and credit card portfolio
Mortgage, personal loan and credit card portfolio Mortgage Personal loans and credit cards Mortgage portfolio includes home loans ~65%, top-up Growth in retail credit card spends loans given to existing home loan customers 6%, non- driven by residential loans ~6% and loan against property ~17% ▪ Col
Slide 24: Business banking portfolio
Business banking portfolio Growth driven by leveraging branch network and digital platforms such as, InstaBIZ, Merchant STACK and Trade Online, end to end digital onboarding platform DigiEase, and efforts towards process decongestion such as e-signing of disbursement documents through EazySign Focus
Slide 25: Rating-wise loan book for corporate portfolio
Rating-wise loan book for corporate portfolio Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Rating category1 2022 2023 2024 2025 2025 2025 AA- and above 46.4% 45.0% 38.3% 35.9% 33.1% 30.3% A+, A, A- 31.0% 35.6% 40.2% 38.9% 40.1% 42.9% A- and above 77.4% 80.6% 78.5% 74.8% 73.2% 73.2% BBB+,BBB, BBB-
Slide 26: Exposure to power sector
Exposure to power sector (₹ billion) Sep 30, Jun 30, Sep 30, % share at 2024 2025 2025 Sep 30, 2025 Borrowers classified as NPA or part of BB 9.23 8.57 8.42 1.6% and below portfolio1 Other borrowers 492.81 534.52 508.38 98.4% Total 502.04 543.09 516.80 100.0% • Of the other borrowers aggregating ₹ 5
Slide 27: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Sep 30, Jun 30, Sep 30, Outstanding (₹ billion) 2024 2025 2025 NBFCs/HFCs1 880.27 874.17 794.33 Builder portfolio (construction finance, lease rental 542.16 628.33 635.83 discounting, term loans and working capital) • Proportion of the NBFCs/HFCs portfolio internall
Slide 28: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Sep 30, 2025: USD 3.08 billion 1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance backed lending 28
Slide 29: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Advances 2022 2023 2024 2025 2025 2025 Exposure to top 20 borrowers1 as a % of 9.6% 8.5% 8.3% 7.5% 7.1% 6.7% total exposure Exposure to top 10 groups as a % of total 10.3% 10.1% 10.0% 9.6% 9.6% 9.4% exposure • All top 20 borro
Slide 30: Capital
Capital 30
Slide 31: Standalone capital adequacy
Standalone capital adequacy Jun 30, 20251 Sep 30, 20252 (₹ billion) % (₹ billion) % Total capital 2,690.28 16.31% 2,694.55 15.76% - Tier I 2,580.96 15.65% 2,583.38 15.11% - of which: CET1 2,580.96 15.65% 2,583.38 15.11% - Tier II 109.32 0.66% 111.17 0.65% Risk weighted assets 16,489.66 17,097.47 - O
Slide 32: Group companies
Group companies 32
Slide 33: Profit after tax of key subsidiaries
Profit after tax of key subsidiaries Q2- H1- Q1- Q2- H1- Profit after tax (₹ billion) FY2025 2025 2025 2026 2026 2026 ICICI Prudential Life Insurance 11.89 2.52 4.77 3.02 2.99 6.01 ICICI Lombard General Insurance 25.08 6.94 12.74 7.47 8.20 15.67 ICICI Prudential Asset Management1 26.51 6.94 13.27 7.
Slide 34: Key subsidiaries
Key subsidiaries ICICI Prudential Life Insurance • APE1 was ₹ 42.86 billion in H1-2026 compared to ₹ 44.67 billion in H1-2025 • VNB1 was ₹ 10.49 billion in H1-2026 compared to ₹10.58 billion in H1-2025 • New business sum assured grew by 19.3% y-o-y in H1-2026 ICICI Lombard General Insurance2 • GDPI
Slide 35: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 35
Slide 36: 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 • As part of roadmap to become • CSR support for Tata Memorial • Board maintains regular oversight carbon neutral b
Slide 37: Thank you
PICICI Bank Thank you
Slide 38: Additional financial information
Additional financial information 38
Slide 39: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2025 Q2-2025 H1-2025 Q1-20261 Q2-20261 H1-20261 margins (Percent) Yield on total interest-earning 8.69 8.63 8.66 8.61 8.34 8.47 assets - Yield on advances 9.76 9.73 9.76 9.53 9.29 9.41 Cost of funds 5.10 5.09 5.07 5.02 4.78 4.90 - Cost of deposits
Slide 40: Consolidated profit & loss statement (1/2)
Consolidated profit & loss statement (1/2) Q2- H1- Q1- Q2- H1- Q2-o-Q2 (₹ billion) FY2025 2025 2025 2026 2026 2026 growth Net interest income 973.04 241.00 475.60 259.90 261.63 521.53 8.6% Non-interest income 1,082.55 266.17 493.05 254.96 279.66 534.62 5.1% - Fee income 322.25 80.80 156.33 79.94 86.
Slide 41: Consolidated profit & loss statement (2/2)
Consolidated profit & loss statement (2/2) (₹ billion) Q2- H1- Q1- Q2- H1- Q2-o-Q2 FY2025 2025 2025 2026 2026 2026 growth Operating profit 777.59 198.78 379.55 213.17 199.74 412.91 0.5% Provisions 49.06 13.82 26.98 18.22 9.10 27.32 (34.2%) Profit before tax 728.53 184.96 352.57 194.95 190.64 385.59
Slide 42: Key ratios (consolidated)
Key ratios (consolidated) Percent Q2- H1- Q1- Q2- H1- FY2025 2025 2025 2026 2026 2026 Return on equity 18.0 18.6 18.2 16.9 16.1 16.5 Weighted average EPS (₹) 72.4 73.6 70.1 76.1 74.8 75.5 Book value (₹) 429 393 393 450 458 458 slide 9 42
Slide 43: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Sep 30, 2024 Jun 30, 2025 Sep 30, 2025 Net worth 2,595.40 3,063.21 3,114.42 - Equity capital 14.09 14.27 14.29 - Reserves 2,581.31 3,048.94 3,100.13 Deposits 14,977.61 16,085.17 16,128.25 - Current 1,830.90 2,169.71 2,067.47 - Savings 4,256.33 4,458.42 4,521.24
Slide 44: Composition of borrowings
Composition of borrowings (₹ billion) Sep 30, 2024 Jun 30, 2025 Sep 30, 2025 Domestic 985.70 946.67 888.11 - Capital instruments 28.71 29.64 15.00 - Other borrowings 957.00 917.03 873.11 - Long term infrastructure bonds 440.30 417.69 417.69 - Refinance 390.96 389.23 350.05 Overseas borrowings2 259.2
Slide 45: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Sep 30, 2024 Jun 30, 2025 Sep 30, 2025 Cash & bank balances 1,643.85 1,968.21 1,675.68 Investments 8,747.60 9,058.84 8,997.98 Advances 13,600.46 14,455.93 14,921.61 Fixed & other assets 1,173.21 1,203.38 1,269.58 Total assets 25,165.12 26,686.36 26,864.85 Net w
Slide 46: Branch and ATM network
Branch and ATM network Branches Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, % share at 2022 2023 2024 2025 2025 2025 Sep 30, 2025 Metro 1,567 1,709 1,907 2,079 2,121 2,225 30.7% Urban 1,074 1,160 1,310 1,422 1,443 1,472 20.3% Semi urban 1,599 1,712 1,838 1,905 1,914 1,932 26.7% Rural 1,178 1,319
Slide 47: Balance sheet: assets
Balance sheet: assets (₹ billion) Sep 30, 2024 Jun 30, 2025 Sep 30, 2025 Cash & bank balances 1,367.99 1,645.98 1,366.81 Investments 4,790.98 5,077.07 4,995.92 - SLR investments 3,916.77 3,920.27 3,984.72 - Equity investment in subsidiaries 121.41 191.46 191.72 Advances 12,772.40 13,641.57 14,084.56
Slide 48: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Sep 30, 2024 Jun 30, 2025 Sep 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 49: Portfolio composition
Portfolio composition Sep 30, 2024 Jun 30, 2025 Sep 30, 2025 Domestic 94.5% 95.2% 95.4% International 5.5% 4.8% 4.6% Total consolidated advances (₹ billion) 13,600 14,456 14,922 slide 14 49
Slide 50: Retail and rural NPAs
Retail and rural NPAs Sep 30, Jun 30, Sep 30, ₹ in billion 2024 2025 2025 Gross retail and rural NPAs 127.39 132.96 127.34 - as a % of gross advances 1.63% 1.65% 1.54% Net retail and rural NPAs 43.42 43.58 41.37 - as a % of net advances 0.56% 0.55% 0.51% slide 17 50
Slide 51: Sector-wise exposures
Sector-wise exposures Top 10 sectors1,2: % of total Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, exposure of the Bank 2022 2023 2024 2025 2025 2025 Retail finance 35.9% 37.9% 39.1% 37.4% 37.3% 37.9% Services – finance 9.1% 8.9% 8.1% 8.1% 7.8% 7.5% Wholesale/retail trade 4.2% 5.1% 5.8% 6.5% 6.5% 7
Slide 52: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Jun 30, Sep 30, 20251 20252 Total capital 16.14% 15.57% - Tier I 15.49% 14.94% - of which: CET 1 15.49% 14.94% - Tier II 0.65% 0.63% • Including profits for H1-2026, CET 1 ratio was 16.12%, Tier I ratio was 16.12% and total capital adequacy ratio was 16.75
Slide 53: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2025 Q2-2025 Q1-2026 Q2-2026 Annualised premium equivalent 104.07 25.04 18.64 24.21 - Of which: protection 16.38 4.21 4.09 4.19 Assets under management 3,093.59 3,204.91 3,244.89 3,214.94 Cost1/Total premium 18.1% 20.5% 21.2% 17.7% ICICI General2 (₹ billio
Slide 54: ICICI Bank UK
ICICI Bank UK (USD million) FY2025 Q2-2025 H1-2025 Q1-2026 Q2-2026 H1-2026 Net interest income 65.9 16.3 32.5 17.0 17.0 34.0 Operating profit 35.3 10.5 19.6 8.2 6.7 14.9 Loans and advances 1,148.8 1,228.4 1,228.4 1,167.5 1,190.4 1,190.4 Deposits 1,886.7 1,752.8 1,752.8 2,045.1 1,881.6 1,881.6 - Reta
Slide 55: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 Total assets: USD 2.38 bn Total liabilities: USD 2.38 bn 1. At Sep 30, 2025 2. Includes cash & cash equivalents and T Bills 55
Slide 56: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2025 Q2-2025 H1-2025 Q1-2026 Q2-2026 H1-2026 Net interest income 113.4 29.8 61.0 22.3 20.5 42.8 Operating profit 95.7 25.9 53.1 11.4 8.6 20.0 Loans and advances 4,460.9 4,862.7 4,862.7 4,115.4 3,910.5 3,910.5 - Residential mortgages 2,738.9 3,203.0 3,203.0 2,498.3 2
Slide 57: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 4.74 bn Total liabilities: CAD 4.74 bn 1. At Sep 30, 2025 2. Includes government securities and cash & placements with banks 3. Insured mortgages include CAD 1,318.1 million of securitised mortgages at Sep 30, 2025 (Jun 30, 2
Slide 58: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Jun 30, 2025 Sep 30, 2025 Loans and advances 290.31 296.35 Gross impaired loans (stage 3) 4.77 4.82 Net impaired loans (stage 3) 3.17 3.22 Capital adequacy ratio 19.5% 19.6% slide 33 1. As per Ind AS 58