Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q1 FY2027 Earnings Presentation
60 slides from Icici Bank's earnings presentation, Jul 18, 2026
Slide 1: Cover letter to stock exchanges
July 18, 2026 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th floor Dalal Street Plot No. C/1, G Block Mumbai 400 001 Bandra-Kurla Complex Bandra(East) Mumbai 400 051 Dear Sir/Madam, Sub: Investor Presentation P
Slide 2: Q1-2027: Performance review
Q1-2027: Performance review July 18, 2026
Slide 3: Forward-looking statements
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 4: Highlights for Q1-2027
Highlights for Q1-2027 3
Slide 5: Key highlights for Q1-2027 (1/2)
Key highlights for Q1-2027 (1/2) • Profit before tax excluding treasury grew by 20.9% y-o-y and 4.2% q-o-q to ₹ 189.75 bn in Q1-2027 Earnings • Core operating profit grew by 15.6% y-o-y and 10.5% q-o-q to ₹ 202.35 bn • Core operating profit excluding dividend from subsidiaries grew by 18.3% y-o-y an
Slide 6: Key highlights for Q1-2027 (2/2)
Key highlights for Q1-2027 (2/2) • Net NPA ratio was 0.35% at Jun 30, 2026 (Mar 31, 2026: 0.33%) • Net additions of ₹ 27.07 bn to gross NPAs in Q1-2027 (Q1-2026: ₹ 30.34 bn) • Provision coverage ratio was 74.7% at Jun 30, 2026 (Mar 31, 2026: 75.8%) Asset • Standard, contingency and other provisions
Slide 7: Operating performance
Operating performance 6
Slide 8: Profit & loss statement
Profit & loss statement Q1-o-Q1 (₹ billion) FY2026 Q1-2026 Q4-2026 Q1-2027 (%) Net interest income1 880.75 216.35 229.79 243.84 12.7% Non-interest income 295.60 72.64 74.15 84.25 16.0% - Fee income 257.42 59.00 67.79 72.86 23.5% - Dividend income from 34.58 13.36 6.31 11.10 (16.9)% subsidiaries - Ot
Slide 9: Profit & loss statement
Profit & loss statement ₹ in billion Q1-o-Q1 FY2026 Q1-2026 Q4-2026 Q1-2027 (%) Core operating profit 704.01 175.05 183.05 202.35 15.6% Provisions 53.801 18.15 0.96 12.60 (30.5)% Profit before tax excluding 650.21 156.90 182.09 189.75 20.9% treasury Treasury income 11.98 12.41 (1.06) 1.51 (87.8)% Pr
Slide 10: Key ratios
Key ratios Percent FY2026 Q1-2026 Q4-2026 Q1-2027 Net interest margin1,2 4.32 4.34 4.32 4.36 Cost of deposits 4.62 4.85 4.43 4.41 Cost-to-income 39.7 37.8 39.9 38.1 Core operating profit/average assets 3.26 3.34 3.20 3.40 Provisions/core operating profit 7.6 10.4 0.5 6.2 Provisions/average advances
Slide 11: Standalone segment-wise PBT
Standalone segment-wise PBT Profit before tax FY2026 Q1-2026 Q4-2026 Q1-2027 (₹ billion) Retail 232.44 47.35 69.27 62.39 Wholesale 244.89 53.87 70.37 74.79 Treasury 172.30 62.61 37.42 48.22 Others 12.56 5.48 3.97 5.86 Total 662.19 169.31 181.03 191.26 10
Slide 12: Balance sheet growth
Balance sheet growth 11
Slide 13: Outstanding deposits
Outstanding deposits (₹ billion) % share at Jun 30, Mar 31, Jun 30, Y-o-Y Q-o-Q Jun 30, 2025 2026 2026 growth growth 2026 CASA 6,628.13 7,435.87 7,242.56 9.3% (2.6)% 39.5% - Current 2,169.71 2,679.81 2,478.86 14.2% (7.5)% 13.5% - Savings 4,458.42 4,756.06 4,763.70 6.8% 0.2% 26.0% Term 9,457.04 10,51
Slide 14: Average deposits
Average deposits Y-o-Y Q-o-Q (₹ billion) Q1-2026 Q4-2026 Q1-2027 growth growth CASA 5,939.09 6,359.38 6,657.75 12.1% 4.7% Term 9,393.32 10,108.53 10,822.53 15.2% 7.1% Total deposits 15,332.41 16,467.91 17,480.28 14.0% 6.1% Average CASA ratio 38.7% 38.6% 38.1% 13
Slide 15: Loan portfolio
Loan portfolio Jun 30, Mar 31, Jun 30, Y-o-Y Q-o-Q % share at (₹ billion) 2025 2026 2026 growth growth Jun 30, 20263 Retail 7,205.40 7,851.57 8,067.48 12.0% 2.7% 49.2% Rural loans 771.51 983.76 1,044.49 35.4% 6.2% 6.4% Business banking1 2,730.83 3,276.65 3,501.56 28.2% 6.9% 21.4% Domestic corporate
Slide 16: Retail portfolio
Retail portfolio (₹ billion) Jun 30, Mar 31, Jun 30, Y-o-Y Q-o-Q % share at 2025 2026 2026 growth growth Jun 30, 2026 Mortgages 4,478.85 4,975.45 5,133.47 14.6% 3.2% 63.6% Vehicle loans 962.73 1,007.54 1,022.74 6.2% 1.5% 12.7% - Auto finance 615.31 629.86 637.69 3.6% 1.2% 7.9% - Commercial vehicle a
Slide 17: Asset quality trends
Asset quality trends 16
Slide 18: NPA trends
NPA trends (₹ billion) Jun 30, Mar 31, Jun 30, 2025 2026 2026 Gross NPAs1 247.33 230.52 238.47 Less: cumulative provisions 187.62 175.93 179.39 Net NPAs1 59.71 54.59 59.08 Gross NPA ratio1 1.67% 1.40% 1.38% Net NPA ratio1 0.41% 0.33% 0.35% Provision coverage ratio 75.3% 75.8% 74.7% Retail and rural
Slide 19: NPA movement
NPA movement1 ₹ billion FY2026 Q1-2026 Q4-2026 Q1-2027 Opening gross NPA 241.66 241.66 237.58 230.52 Add: gross additions (1) 191.47 62.45 42.42 55.52 - Retail and rural 155.16 51.932 31.45 43.313 - Corporate and business banking 36.31 10.52 10.97 12.21 Less: recoveries, upgrades and others (2) 114.
Slide 20: Other portfolios
Other portfolios Jun 30, Mar 31, Jun 30, (₹ billion) 2025 2026 2026 1 Resolution under RBI frameworks: Total fund based o/s1 17.88 14.96 13.63 2 Corporate: BB and below outstanding2 - Borrowers with o/s greater than ₹ 1.00 bn 24.58 31.22 30.90 - Borrowers with o/s less than ₹ 1.00 bn 5.37 3.97 3.95
Slide 21: Standard assets and other provisions
Standard assets and other provisions1,2 (₹ billion) Jun 30, Mar 31, Jun 30, 2025 2026 2026 3 3 Total provisions 226.64 227.10 229.63 -- of which contingency provisions 131.00 131.00 131.00 Total as a % of net advances 1.7% 1.5% 1.4% 1. Excludes specific provisions on fund-based outstanding to borrow
Slide 22: Loan portfolio information
Loan portfolio information 21
Slide 23: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Jun 30, 2026 49.2% 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 41.1
Slide 24: 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 ~64%, top-up Growth in retail credit card spends loans given to existing home loan customers ~7%, non- driven by residential loans ~6% and loan against property ~17% ▪ Co
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, end to end digital onboarding platform DigiEase, and efforts towards process decongestion such as e-signing of disbursement documents through EazySign Focus
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 2022 2023 2024 2025 2026 2026 AA- and above 46.4% 45.0% 38.3% 35.9% 26.5% 26.9% A+, A, A- 31.0% 35.6% 40.2% 38.9% 45.4% 45.0% A- and above 77.4% 80.6% 78.5% 74.8% 71.9% 71.9% BBB+,BBB, BBB-
Slide 27: Exposure to power sector
Exposure to power sector (₹ billion) Jun 30, Mar 31, Jun 30, % share at 2025 2026 2026 Jun 30, 2026 Borrowers classified as NPA or part of 8.57 5.79 6.19 1.0% BB and below portfolio1 Other borrowers 534.52 590.03 636.84 99.0% Total 543.09 595.82 643.03 100.0% • Of the other borrowers aggregating ₹ 6
Slide 28: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Jun 30, Mar 31, Jun 30, Outstanding (₹ billion) 2025 2026 2026 NBFCs/HFCs1 874.17 859.04 920.52 Builder portfolio (construction finance, lease rental 628.33 714.21 747.21 discounting, term loans and working capital)1 • Proportion of the NBFCs/HFCs portfolio internal
Slide 29: Overseas branches - Wholesale portfolio
Overseas branches - Wholesale portfolio Total outstanding1 at Jun 30, 2026: USD 4.26 billion 1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance backed lending 28
Slide 30: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Advances 2022 2023 2024 2025 2026 2026 Exposure to top 20 borrowers1 as a % of 9.6% 8.5% 8.3% 7.5% 6.4% 6.5% total exposure Exposure to top 10 groups as a % of total 10.3% 10.1% 10.0% 9.6% 10.3% 10.1% exposure • All top 20 bor
Slide 31: Capital
Capital 30
Slide 32: Standalone capital adequacy
Standalone capital adequacy Jun 30, 20251 Mar 31, 20261,2 Jun 30, 20261,2 (₹ billion) % (₹ billion) % (₹ billion) % Total capital 2,796.64 16.97% 3,130.33 17.18% 3,281.48 16.84% - Tier I 2,687.32 16.31% 2,978.18 16.35% 3,154.12 16.19% - of which: CET1 2,687.32 16.31% 2,978.18 16.35% 3,154.12 16.19%
Slide 33: Group companies
Group companies 32
Slide 34: Profit after tax of key subsidiaries
Profit after tax of key subsidiaries Profit after tax (₹ billion) FY2026 Q1-2026 Q4-2026 Q1-2027 ICICI Prudential Life Insurance 16.00 3.02 6.09 3.86 3 ICICI Lombard General Insurance 27.72 7.47 5.47 4.03 ICICI Prudential Asset Management1 33.13 7.84 7.69 9.65 ICICI Securities (Consolidated)1 17.13
Slide 35: Key subsidiaries (1/2)
Key subsidiaries (1/2) ICICI Prudential Life Insurance • Annualised Premium Equivalent increased to ₹ 21.36 billion in Q1-2027 from ₹ 18.64 billion in Q1-2026 • Value of New Business increased to ₹ 5.71 billion in Q1-2027 from ₹ 4.57 billion in Q1-2026 • New business sum assured grew by 31.8% y-o-y
Slide 36: Key subsidiaries (2/2)
Key subsidiaries (2/2) ICICI Prudential Asset Management • Market leader in Equity schemes AUM and Equity Hybrid schemes AUM with market share of 14.0% and 26.6% respectively at June 30, 2026 • MF QAAUM1 grew by 18.3% y-o-y to ₹ 11,172.22 billion at June 30, 2026 ICICI Securities • Total assets2 gre
Slide 37: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 36
Slide 38: 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 • At March 31, 2026, green • Positively benefitted 19.84 • Enhanced mandate of ESG & financing portfolio was ₹307.0
Slide 39: Thank you
PICICI Bank Thank you
Slide 40: Additional financial information
Additional financial information 39
Slide 41: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & margins FY2026 Q1-2026 Q4-2026 Q1-2027 (Percent)1 Yield on total interest-earning assets 8.33 8.61 8.14 8.17 - Yield on advances 9.19 9.53 8.87 8.86 Cost of funds 4.75 5.02 4.53 4.51 - Cost of deposits 4.62 4.85 4.43 4.41 Net interest margin2 4.32 4.
Slide 42: Consolidated profit & loss statement (1/2)
Consolidated profit & loss statement (1/2) Q1-o-Q1 (₹ billion) FY2026 Q1-2026 Q4-2026 Q1-2027 growth Net interest income 1,061.90 259.90 275.47 291.77 12.3% Non-interest income 1,169.00 254.96 350.20 274.48 7.7% - Fee income 345.95 79.94 90.45 96.35 20.5% - Premium income 776.24 147.36 259.01 167.80
Slide 43: Consolidated profit & loss statement (2/2)
Consolidated profit & loss statement (2/2) (₹ billion) Q1-o-Q1 FY2026 Q1-2026 Q4-2026 Q1-2027 growth Operating profit 826.96 213.17 210.05 226.04 6.0% Provisions 56.39 18.22 2.61 12.97 (28.8%) Profit before tax 770.57 194.95 207.44 213.07 9.3% Tax 193.83 51.01 51.32 50.97 (0.1%) Share in profit of 2
Slide 44: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2026 Q1-2026 Q4-2026 Q1-2027 Return on equity 16.0 16.9 16.6 16.6 Weighted average EPS (₹) 75.9 76.1 82.5 86.2 Book value (₹) 492 450 492 516 slide 9 43
Slide 45: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Jun 30, 2025 Mar 31, 2026 Jun 30, 2026 Net worth 3,063.21 3,373.71 3,534.91 - Equity capital 14.27 14.32 14.35 - Reserves 3,048.94 3,359.39 3,520.56 Deposits 16,085.17 17,946.25 18,335.86 - Current 2,169.71 2,679.81 2,478.86 - Savings 4,458.42 4,756.06 4,763.70
Slide 46: Composition of borrowings
Composition of borrowings (₹ billion) Jun 30, 2025 Mar 31, 2026 Jun 30, 2026 Domestic 946.67 979.08 963.82 1 1 - Capital instruments 29.64 53.73 53.72 - Other borrowings 917.03 925.35 910.10 - Long term infrastructure bonds 417.69 417.69 352.69 - Refinance 389.23 419.14 474.39 Overseas borrowings 22
Slide 47: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Jun 30, 2025 Mar 31, 2026 Jun 30, 2026 Cash & bank balances 1,968.21 2,649.81 1,964.93 Investments 9,058.84 8,707.20 9,393.00 Advances 14,455.93 16,446.58 17,293.28 Fixed & other assets 1,203.38 1,341.39 1,372.86 Total assets 26,686.36 29,144.98 30,024.07 Net w
Slide 48: Branch and ATM network
Branch and ATM network Branches Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, % share at 2022 2023 2024 2025 2026 2026 Jun 30, 2026 Metro 1,567 1,709 1,907 2,079 2,356 2,394 31.5% Urban 1,074 1,160 1,310 1,422 1,507 1,515 19.9% Semi urban 1,599 1,712 1,838 1,905 1,956 1,968 25.9% Rural 1,178 1,319
Slide 49: Balance sheet: assets
Balance sheet: assets (₹ billion) Jun 30, 2025 Mar 31, 2026 Jun 30, 2026 Cash & bank balances 1,645.98 2,303.35 1,630.47 Investments 5,077.07 4,922.17 5,385.34 - SLR investments 3,920.27 3,878.65 4,255.10 - Equity investment in subsidiaries 191.46 220.26 220.29 Advances 13,641.57 15,538.93 16,312.60
Slide 50: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Jun 30, 2025 Mar 31, 2026 Jun 30, 2026 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 9.71 9.71 ICICI Home Finance 18.62 23.62 23.62 ICICI Securities
Slide 51: Portfolio composition
Portfolio composition Jun 30, 2025 Mar 31, 2026 Jun 30, 2026 Domestic 95.2% 94.8% 94.5% International 4.8% 5.2% 5.5% Total consolidated advances (₹ billion) 14,456 16,447 17,293 slide 14 50
Slide 52: Retail and rural NPAs
Retail and rural NPAs Jun 30, Mar 31, Jun 30, ₹ in billion 2025 2026 2026 Gross retail and rural NPAs 132.96 117.17 122.55 - as a % of gross advances 1.65% 1.31% 1.33% Net retail and rural NPAs 43.58 35.61 38.16 - as a % of net advances 0.55% 0.40% 0.42% slide 17 51
Slide 53: 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 2022 2023 2024 2025 2026 2026 Retail finance 35.9% 37.9% 39.1% 37.4% 36.1% 35.2% Services – finance 9.1% 8.9% 8.1% 8.1% 7.1% 7.6% Wholesale/retail trade 4.2% 5.1% 5.8% 6.5% 7.0% 6
Slide 54: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Jun 30, Mar 31, Jun 30, 20251 20261,2 20261,2 Total capital 16.75% 17.05% 16.75% - Tier I 16.11% 16.25% 16.11% - of which: CET 1 16.11% 16.25% 16.11% - Tier II 0.64% 0.80% 0.64% slide 31 1. Including profits for the period 2. After reckoning the impact of
Slide 55: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2026 Q1-2026 Q4-2026 Q1-2027 Annualised premium equivalent 106.41 18.64 38.30 21.36 - Of which: protection 19.06 4.09 6.13 5.96 Assets under management 3,136.34 3,244.89 3,136.34 3,338.18 Cost1/Total premium 18.2% 21.2% 16.4% 21.8% ICICI General (₹ billion
Slide 56: ICICI Bank UK
ICICI Bank UK (USD million) FY2026 Q1-2026 Q4-2026 Q1-2027 Net interest income 67.2 17.0 16.7 16.9 Operating profit 31.6 8.2 9.2 9.9 Loans and advances 1,483.7 1,167.5 1,483.7 1,664.6 Deposits 2,248.3 2,045.1 2,248.3 2,232.3 - Retail term deposits 578.8 502.1 578.8 672.2 Capital adequacy ratio 19.7%
Slide 57: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 Total assets: USD 3.00 bn Total liabilities: USD 3.00 bn 1. At Jun 30, 2026 2. Includes cash & cash equivalents and T Bills 56
Slide 58: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2026 Q1-2026 Q4-2026 Q1-2027 Net interest income 78.8 22.3 16.7 16.8 Operating profit 36.3 11.4 6.3 8.0 Loans and advances 4,173.8 4,115.4 4,173.8 4,235.9 - Residential mortgages 2,438.4 2,498.3 2,438.4 2,359.6 Deposits 2,639.1 2,793.8 2,639.1 2,756.3 Capital adequa
Slide 59: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 4.94 bn Total liabilities: CAD 4.94 bn 1. At Jun 30, 2026 2. Includes government securities and cash & placements with banks 3. Insured mortgages include CAD 1,396.6 million of securitised mortgages at Jun 30, 2026 (Mar 31, 2
Slide 60: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Jun 30, Mar 31, Jun 30, 2025 2026 2026 Loans and advances 290.31 321.12 335.28 Gross impaired loans (stage 3) 4.77 4.51 4.27 Net impaired loans (stage 3) 3.17 3.02 2.81 Capital adequacy ratio 19.5% 20.5% 20.0% slide 33 1. As per Ind AS 59