Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q4 2025 Earnings Presentation
62 slides from Icici Bank's earnings presentation, Apr 19, 2025
Slide 1: Q4-2025: Performance review
Q4-2025: Performance review April 19, 2025
Slide 2: 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 3: Highlights for Q4-2025
Highlights for Q4-2025 3
Slide 4: Key highlights for Q4-2025 (1/2)
Key highlights for Q4-2025 (1/2) • Profit before tax excluding treasury grew by 13.2% y-o-y and 8.1% q-o-q to ₹ 165.34 bn in Q4-2025 Earnings • Core operating profit grew by 13.7% y-o-y and 5.5% q-o-q to ₹ 174.25 bn • Profit after tax grew by 18.0% y-o-y to ₹ 126.30 bn in Q4-2025 • Provisions of ₹ 8
Slide 5: Key highlights for Q4-2025 (2/2)
Key highlights for Q4-2025 (2/2) • Net NPA ratio was 0.39% at Mar 31, 2025 (Dec 31, 2024: 0.42%) • Net additions of ₹ 13.25 bn to gross NPAs in Q4-2025 (Q3-2025: ₹ 26.93 bn) Asset • Provision coverage was 76.2% at Mar 31, 2025 (Dec 31, 2024: 78.2%) quality • Fund based o/s of ₹ 19.56 bn (0.1 % of ad
Slide 6: Operating performance
Operating performance 6
Slide 7: Profit & loss statement
Profit & loss statement (₹ billion) Q4-o-Q4 FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 (%) Net interest income1 743.06 190.93 203.71 211.93 811.65 11.0% Non-interest income 229.49 59.30 66.97 70.21 266.03 18.4% - Fee income 207.96 54.36 61.80 63.06 238.70 16.0% - Dividend income from 20.73 4.84 5.09 6.75
Slide 8: Profit & loss statement
Profit & loss statement ₹ in billion Q4-o-Q4 FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 (%) Core operating profit 581.22 153.20 165.16 174.25 653.96 13.7% Provisions 36.43 7.18 12.27 8.91 46.83 23.8% Profit before tax excluding 544.79 146.02 152.89 165.34 607.13 13.2% treasury Treasury income 0.091 (2.81
Slide 9: Key ratios
Key ratios Percent FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Net interest margin1,2 4.53 4.40 4.25 4.41 4.32 Cost of deposits2 4.61 4.82 4.91 5.00 4.91 Cost-to-income 40.2 39.2 38.5 37.9 38.6 Core operating profit/average assets2 3.37 3.37 3.31 3.43 3.33 Provisions/core operating profit 6.33 4.7 7.4 5.1
Slide 10: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 (₹ billion) Retail 188.49 54.86 53.32 64.93 216.21 Wholesale 199.72 54.76 59.03 55.51 215.64 Treasury 148.99 32.42 42.18 44.66 187.61 Others 7.68 1.17 2.07 2.63 6.70 Unallocated1 - - - - - Total 544.88 143.21 156
Slide 11: Balance sheet growth
Balance sheet growth 11
Slide 12: Outstanding deposits
Outstanding deposits (₹ billion) Mar 31, Dec 31, Mar 31, Y-o-Y % share at Mar 2024 2024 2025 growth 31, 2025 CASA 5,958.72 6,155.86 6,737.29 13.1% 41.8% - Current 1,935.72 1,904.38 2,329.57 20.3% 14.5% - Savings 4,023.00 4,251.48 4,407.72 9.6% 27.4% Term 8,169.53 9,047.23 9,366.19 14.6% 58.2% Total
Slide 13: Average deposits
Average deposits Y-o-Y (₹ billion) Q4-2024 Q3-2025 Q4-2025 growth CASA 5,197.22 5,685.60 5,715.30 10.0% Term 8,146.20 8,899.29 9,151.05 12.3% Total deposits 13,343.42 14,584.89 14,866.35 11.4% Average CASA ratio 38.9% 39.0% 38.4% - • Average current account deposits increased by 9.6% y-o-y and 1.4%
Slide 14: Loan portfolio
Loan portfolio Mar 31, Dec 31, Mar 31, Y-o-Y % share at (₹ billion) 2024 2024 2025 growth Mar 31, 20254 Retail 6,588.52 7,032.65 7,172.23 8.9% 52.4% Rural loans 745.67 794.96 783.40 5.1% 5.7% Business banking1 1,970.40 2,480.48 2,633.67 33.7% 19.2% Domestic corporate and others 2,498.50 2,806.80 2,7
Slide 15: Retail portfolio
Retail portfolio (₹ billion) Mar 31, Dec 31, Mar 31, Y-o-Y % share at 2024 2024 2025 growth Mar 31, 2025 Mortgages 3,959.21 4,277.45 4,395.84 11.0% 61.3% Vehicle loans 926.35 956.25 965.43 4.2% 13.5% - Auto finance 592.19 617.08 619.44 4.6% 8.6% - Commercial vehicle and 314.26 326.93 336.32 7.0% 4.7
Slide 16: Asset quality trends
Asset quality trends 16
Slide 17: NPA trends
NPA trends (₹ billion) Mar 31, Dec 31, Mar 31, 2024 2024 2025 Gross NPAs1 279.62 277.45 241.66 Less: cumulative provisions 225.84 218.47 185.77 Net NPAs1 53.78 58.98 55.89 Gross NPA ratio1 2.16% 1.96% 1.67% Net NPA ratio1 0.42% 0.42% 0.39% Provision coverage ratio 80.3% 78.2% 76.2% Non-fund o/s to N
Slide 18: NPA movement
NPA movement1 ₹ billion FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Opening gross NPA 311.84 287.75 271.21 277.45 279.62 Add: gross additions (1) 190.27 51.39 60.85 51.42 202.11 - Retail and rural 152.40 43.84 53.042 43.39 176.44 - Corporate and business banking 37.87 7.55 7.81 8.03 25.67 Less: recoveries
Slide 19: Resolution under RBI frameworks
Resolution under RBI frameworks Mar 31, Dec 31, Mar 31, (₹ billion) 2024 2024 2025 Retail and rural1 25.45 19.36 17.55 Corporate and business banking1 5.14 1.71 2.01 Total fund based o/s1 30.59 21.07 19.56 Total fund based o/s1 as % of total advances 0.3% 0.2% 0.1% Provisions held on loans under res
Slide 20: Standard asset and other provisions
Standard asset and other provisions (₹ billion) Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, 2024 2024 2024 2024 2025 Contingency provisions 131.00 131.00 131.00 131.00 131.00 Provision on non-fund based o/s to 20.90 19.64 19.11 17.12 16.60 NPAs Provisions on fund based o/s to 9.75 8.63 8.12 6.91 6.43 st
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 Mar 31, 2025 52.4% 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 43.8
Slide 23: Rating-wise loan book for corporate portfolio
Rating-wise loan book for corporate portfolio Mar 31, Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Rating category1 2021 2022 2023 2024 2024 2025 AA- and above 43.4% 46.4% 45.0% 38.3% 37.7% 35.9% A+, A, A- 27.2% 31.0% 35.6% 40.2% 38.2% 38.9% A- and above 70.6% 77.4% 80.6% 78.5% 75.9% 74.8% BBB+,BBB, BBB-
Slide 24: Corporate: BB and below
Corporate: BB and below (₹ billion) Mar 31, Dec 31, Mar 31, 2024 2024 2025 BB and below outstanding1 42.43 21.93 28.54 - Fund and non-fund o/s to borrowers with loans 6.15 - - under resolution - Other borrowers with o/s greater than ₹ 1.00 bn2 26.89 16.69 23.90 - Other borrowers with o/s less than ₹
Slide 25: Mortgage portfolio
Mortgage portfolio Mortgage portfolio includes home loans ~66%, top-up loans given to existing home loan customers 6%, office premises loans ~5% and loan against property ~20% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying borrower
Slide 26: Auto and two wheeler finance
Auto and two wheeler finance Auto loan portfolio comprises 87% new vehicles and 13% used vehicles Instant car loan disbursement, a industry first proposition, for pre-approved customers; delivery order is generated digitally in a seamless manner “Dream Car Search”, a one stop digital solution to ass
Slide 27: 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 28: 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 29: Exposure to power sector
Exposure to power sector (₹ billion) Mar 31, Dec 31, Mar 31, Share at Mar 2024 2024 2025 31, 2025 (%) Borrowers classified as NPA or part of BB 10.00 8.91 8.58 1.7% and below portfolio1 Other borrowers 520.96 502.66 493.09 98.3% Total 530.96 511.57 501.67 100.0% • Of the other borrowers aggregating
Slide 30: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Mar 31, Dec 31, Mar 31, Outstanding (₹ billion) 2024 2024 2025 NBFCs/HFCs1 770.68 893.60 918.38 Builder portfolio (construction finance, lease rental 482.92 586.36 616.24 discounting, term loans and working capital) • Proportion of the NBFCs/HFCs portfolio internall
Slide 31: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Mar 31, 2025: USD 2.96 billion 1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance backed lending 31
Slide 32: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, Mar 31, Advances 2021 2022 2023 2024 2024 2024 2025 Exposure to top 20 borrowers1 as a % of 12.1% 9.6% 8.5% 8.3% 7.8% 7.5% 7.5% total exposure Exposure to top 10 groups as a % of total 11.6% 10.3% 10.1% 10.0% 9.8% 9.7% 9.6% ex
Slide 33: Capital
Capital 33
Slide 34: Standalone capital adequacy
Standalone capital adequacy Dec 31, 20241 Mar 31, 20252 (₹ billion) % (₹ billion) % Total capital 2,275.24 14.71% 2,666.62 16.55% - Tier I 2,172.21 14.04% 2,567.38 15.94% - of which: CET1 2,172.21 14.04% 2,567.38 15.94% - Tier II 103.03 0.67% 99.24 0.61% Risk weighted assets 15,467.07 16,111.04 - On
Slide 35: Group companies
Group companies 35
Slide 36: Profit after tax of key subsidiaries
Profit after tax of key subsidiaries Profit after tax (₹ billion) FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 ICICI Prudential Life Insurance 8.52 1.74 3.26 3.86 11.89 ICICI Lombard General Insurance 19.19 5.19 7.24 5.10 25.08 ICICI Prudential Asset Management1 20.50 5.29 6.32 6.92 26.51 ICICI Securities
Slide 37: Insurance entities
Insurance entities ICICI Prudential Life Insurance • Annualised premium equivalent (APE) grew by 15.0% year-on-year from ₹ 90.46 billion in FY2024 to ₹ 104.07 billion in FY2025 • Value of new business (VNB) was ₹ 23.70 billion in FY2025 compared to ₹ 22.27 billion in FY2024 • New business sum assure
Slide 38: ICICI Securities and ICICI AMC
ICICI Securities and ICICI AMC ICICI Securities • Total assets1 grew by 9.1% y-o-y to ₹ 7.65 trillion in Q4-2025 • Market share in MTF2 of about 17.9% at March 31, 2025 ICICI AMC • AAUM3 grew by 28.7% y-o-y to ₹ 8,794.11 billion in Q4-2025 • Market leader in equity and hybrid AUM with market share o
Slide 39: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 39
Slide 40: 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 • Pursuing goal to become • Credit facilities extended to 2,54,499 • Committed to principles of Board carbon neutra
Slide 41: Thank you
PICICI Bank Thank you
Slide 42: Additional financial information
Additional financial information 42
Slide 43: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 margins (Percent)1 Yield on total interest-earning 8.71 8.74 8.62 8.82 8.69 assets2 - Yield on advances 9.83 9.88 9.65 9.86 9.76 Cost of funds 4.86 5.05 5.09 5.18 5.10 - Cost of deposits 4.61 4.82 4.91 5.00 4.91
Slide 44: Consolidated profit & loss statement (1/2)
Consolidated profit & loss statement (1/2) Q4-o-Q4 (₹ billion) FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 growth Net interest income 854.08 221.83 244.04 253.40 973.04 14.2% Non-interest income 765.22 245.75 275.89 313.61 1,082.55 27.6% - Fee income 274.92 73.44 82.97 82.96 322.25 13.0% - Premium income
Slide 45: Consolidated profit & loss statement (2/2)
Consolidated profit & loss statement (2/2) (₹ billion) Q4-o-Q4 FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 growth Operating profit 641.47 168.52 197.51 200.53 777.59 19.0% Provisions 37.13 6.98 12.68 9.41 49.06 34.8% Profit before tax 604.34 161.54 184.83 191.12 728.53 18.3% Tax 154.28 41.80 46.54 47.89 1
Slide 46: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Return on equity1 18.9 18.8 17.8 18.1 18.0 Weighted average EPS1 (₹) 63.2 66.9 73.0 76.4 72.4 Book value (₹) 361 361 410 429 429 slide 9 1. Annualised for all interim periods 46
Slide 47: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 Net worth 2,383.99 2,716.43 2,920.77 - Equity capital 14.05 14.12 14.25 - Reserves 2,369.94 2,702.31 2,906.52 Deposits 14,128.25 15,203.09 16,103.48 - Current 1,935.72 1,904.38 2,329.57 - Savings 4,023.00 4,251.48 4,407.72
Slide 48: Composition of borrowings
Composition of borrowings (₹ billion) Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 Domestic 953.96 1,027.10 991.22 - Capital instruments 28.50 28.84 19.51 - Other borrowings 925.46 998.26 971.71 - Long term infrastructure bonds 460.18 440.30 417.69 - Refinance 387.14 415.66 433.26 Overseas borrowings1 295
Slide 49: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 Cash & bank balances 1,627.69 1,725.12 2,140.23 Investments 8,271.63 8,494.17 8,863.77 Advances 12,607.76 13,972.65 14,206.64 Fixed & other assets 1,133.55 1,122.94 1,211.77 Total assets 23,640.63 25,314.88 26,422.41 Net w
Slide 50: Branch and ATM network
Branch and ATM network Branches % share at Mar 31, Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Mar 31, 2021 2022 2023 2024 2024 2025 2025 Metro 1,542 1,567 1,709 1,907 1,994 2,079 29.8% Urban 1,063 1,074 1,160 1,310 1,369 1,422 20.3% Semi urban 1,537 1,599 1,712 1,838 1,867 1,905 27.3% Rural 1,124 1,178
Slide 51: Balance sheet: assets
Balance sheet: assets (₹ billion) Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 Cash & bank balances 1,399.26 1,434.15 1,855.62 Investments 4,619.42 4,719.78 5,047.57 - SLR investments 3,755.74 3,853.39 3,996.87 - Equity investment in subsidiaries 111.32 121.41 191.361 Advances 11,844.06 13,143.66 13,417.6
Slide 52: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 ICICI Prudential Life Insurance 32.75 32.75 32.75 1 ICICI Lombard General Insurance 41.42 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 13.62 18.62 18.62 ICICI Securiti
Slide 53: Portfolio composition
Portfolio composition Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 Domestic 94.1% 95.0% 95.3% International 5.9% 5.0% 4.7% Total consolidated advances 12,608 13,973 14,207 (₹ billion) slide 14 53
Slide 54: Retail and rural NPAs
Retail and rural NPAs Mar 31, Dec 31, Mar 31, ₹ in billion 2024 2024 2025 Gross retail and rural NPAs 117.53 133.52 127.16 - as a % of gross advances 1.59% 1.69% 1.58% Net retail and rural NPAs 40.56 45.29 42.14 - as a % of net advances 0.55% 0.58% 0.53% slide 17 54
Slide 55: Sector-wise exposures
Sector-wise exposures Top 10 sectors1,2: % of total Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, Mar 31, exposure of the Bank 2021 2022 2023 2024 2024 2024 2025 Retail finance3 29.8% 35.9% 37.9% 39.1% 38.6% 37.9% 37.4% Services – finance 10.2% 9.1% 8.9% 8.1% 8.3% 7.9% 8.1% Wholesale/retail trade
Slide 56: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Dec 31, Mar 31, 20241 20252 Total capital 14.52% 16.41% - Tier I 13.87% 15.81% - of which: CET 1 13.87% 15.81% - Tier II 0.65% 0.60% • Including profits for 9M-2025, CET 1 ratio was 15.70%, Tier I ratio was 15.70% and total capital adequacy ratio was 16.36
Slide 57: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Annualised premium equivalent 90.46 36.15 24.38 35.02 104.07 - Of which: protection 15.25 4.33 3.90 4.72 16.38 Assets under management 2,941.40 2,941.40 3,104.14 3,093.59 3,093.59 Expense ratio1 24.0% 21.8% 24.9% 20.1% 2
Slide 58: ICICI Bank UK
ICICI Bank UK (USD million) FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Net interest income 66.7 16.1 16.6 16.7 65.9 Operating profit 38.2 9.2 8.1 7.6 35.3 Loans and advances 1,047.3 1,047.3 1,108.7 1,148.8 1,148.8 Deposits 1,668.6 1,668.6 1,716.5 1,886.7 1,886.7 - Retail term deposits 683.1 683.1 620.5 5
Slide 59: ICICI Bank UK asset and liability profile
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 2.42 bn Total liabilities: USD 2.42 bn 1. At Mar 31, 2025 2. Includes cash & advances to banks and T Bills 3. Includes Interbank lending of more than 3 months 59
Slide 60: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2024 Q4-2024 Q3-2025 Q4-2025 FY2025 Net interest income 119.6 31.2 28.1 24.3 113.4 Operating profit 98.4 24.9 26.5 16.1 95.7 Loans and advances 5,248.1 5,248.1 4,724.0 4,460.9 4,460.9 - Residential mortgages 3,607.7 3,607.7 2,947.9 2,738.9 2,738.9 Deposits 3,192.3 3
Slide 61: ICICI Bank Canada asset and liability profile
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 5.23 bn Total liabilities: CAD 5.23 bn 1. At Mar 31, 2025 2. Includes government securities and cash & placements with banks 3. Insured mortgages include CAD 1,686.4 million of securitised mortgages at Mar 31, 2025 (Dec 31, 2
Slide 62: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Dec 31, 2024 Mar 31, 2025 Loans and advances 272.80 281.20 Gross impaired loans (stage 3) 4.31 4.32 Net impaired loans (stage 3) 2.76 2.86 Capital adequacy ratio 20.1% 19.9% slide 36 1. As per Ind AS 62