Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q3 2026 Earnings Presentation
60 slides from Icici Bank's earnings presentation, Jan 17, 2026
Slide 1: Q3-2026: Performance review
Q3-2026: Performance review January 17, 2026
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 Q3-2026
Highlights for Q3-2026 3
Slide 4: Key highlights for Q3-2026 (1/3)
Key highlights for Q3-2026 (1/3) • Core operating profit grew by 6.0% y-o-y to ₹ 175.13 bn in Q3-2026 • Includes the impact of ₹ 1.45 bn reflecting provisions on an estimated basis pursuant to the new Labour Codes • Provisions of ₹ 25.56 bn in Q3-2026 (Q3-2025: ₹ 12.27 bn) Earnings • Includes additi
Slide 5: Key highlights for Q3-2026 (2/3)
Key highlights for Q3-2026 (2/3) • Average deposits grew by 8.7% y-o-y and 1.8% q-o-q in Q3-2026 • Average current and savings account deposits grew by 8.9% y-o-y and Deposits 1.5% q-o-q in Q3-2026 • Period end total deposits grew by 9.2% y-o-y and 2.9% q-o-q at Dec 31, 2025 • Domestic loans grew by
Slide 6: Key highlights for Q3-2026 (3/3)
Key highlights for Q3-2026 (3/3) • Net additions of ₹ 20.74 bn to gross NPAs in Q3-2026 (Q3-2025: ₹ 26.93 bn) • Net NPA ratio was 0.37% at Dec 31, 2025 (Sep 30, 2025: 0.39%) • Provision coverage ratio was 75.4% at Dec 31, 2025 (Sep 30, 2025: 75.0%) Asset • Standard, contingency and other provisions
Slide 7: Operating performance
Operating performance 7
Slide 8: Profit & loss statement
Profit & loss statement Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 (₹ billion) FY2025 2025 2025 2026 2026 2026 (%) Net interest income1 811.65 203.71 599.72 215.29 219.32 650.96 7.7% Non-interest income 266.03 66.97 195.82 73.56 75.25 221.45 12.4% - Fee income 238.70 61.80 175.64 64.91 65.72 189.63 6.3% - Dividend
Slide 9: Profit & loss statement
Profit & loss statement ₹ in billion Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 FY2025 2025 2025 2026 2026 2026 (%) Core operating profit 653.96 165.16 479.71 170.78 175.13 520.96 6.0% Provisions 46.83 12.27 37.92 9.14 25.561 52.841 - Profit before tax excluding 607.13 152.89 441.79 161.64 149.57 468.12 (2.2)% tre
Slide 10: Key ratios
Key ratios Q3- 9M- Q2- Q3- 9M- Percent FY2025 2025 2025 20261 20261 20261 Net interest margin2 4.32 4.25 4.29 4.30 4.30 4.31 Cost of deposits 4.91 4.91 4.88 4.64 4.55 4.68 Cost-to-income 38.6 38.5 38.9 40.6 40.8 39.7 Core operating profit/average assets 3.33 3.31 3.29 3.22 3.26 3.27 Provisions/core
Slide 11: Standalone segment-wise PBT
Standalone segment-wise PBT Profit before tax FY2025 Q3-2025 9M-2025 Q2-2026 Q3-2026 9M-2026 (₹ billion) Retail 216.21 53.32 151.28 63.18 52.63 163.18 Wholesale 215.64 59.03 160.13 57.60 63.05 174.52 Treasury 187.61 42.18 142.95 41.42 30.86 134.87 Others 6.70 2.07 4.07 1.64 1.46 8.59 Unallocated1 -
Slide 12: Balance sheet growth
Balance sheet growth 12
Slide 13: Outstanding deposits
Outstanding deposits (₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at 2024 2025 2025 growth Dec 31, 2025 CASA 6,155.86 6,588.71 6,675.90 8.4% 40.2% - Current 1,904.38 2,067.47 2,179.87 14.5% 13.1% - Savings 4,251.48 4,521.24 4,496.03 5.8% 27.1% Term 9,047.23 9,539.54 9,920.21 9.6% 59.8% Total de
Slide 14: Average deposits
Average deposits Y-o-Y (₹ billion) Q3-2025 Q2-2026 Q3-2026 growth CASA 5,685.60 6,101.04 6,192.27 8.9% Term 8,899.29 9,473.45 9,668.61 8.6% Total deposits 14,584.89 15,574.49 15,860.88 8.7% Average CASA ratio 39.0% 39.2% 39.0% 14
Slide 15: Loan portfolio
Loan portfolio Dec 31, Sep 30, Dec 31, Y-o-Y Q-o-Q % share at (₹ billion) 2024 2025 2025 growth growth Dec 31, 20253 Retail 7,032.65 7,393.84 7,537.98 7.2% 1.9% 51.2% Rural loans 794.96 777.61 833.89 4.9% 7.2% 5.7% Business banking1 2,480.48 2,909.21 3,045.36 22.8% 4.7% 20.7% Domestic corporate and
Slide 16: Retail portfolio
Retail portfolio (₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y Q-o-Q % share at 2024 2025 2025 growth growth Dec 31, 2025 Mortgages 4,277.45 4,606.14 4,752.56 11.1% 3.2% 63.0% Vehicle loans 956.25 962.66 977.64 2.2% 1.6% 13.0% - Auto finance 617.08 615.55 621.30 0.7% 0.9% 8.2% - Commercial vehicle and 3
Slide 17: Asset quality trends
Asset quality trends 17
Slide 18: NPA trends
NPA trends (₹ billion) Dec 31, Sep 30, Dec 31, 2024 2025 2025 Gross NPAs1 277.45 238.50 237.58 Less: cumulative provisions 218.47 180.23 180.26 Net NPAs1 58.98 58.27 57.32 Gross NPA ratio1 1.96% 1.58% 1.53% Net NPA ratio1 0.42% 0.39% 0.37% Provision coverage ratio 78.2% 75.0% 75.4% Retail and rural
Slide 19: NPA movement
NPA movement1 ₹ billion FY2025 Q3-2025 Q2-2026 Q3-2026 Opening gross NPA 279.62 271.21 247.33 238.50 Add: gross additions (1) 202.11 60.85 50.34 53.56 - Retail and rural 176.44 53.042 40.49 42.773 - Corporate and business banking 25.67 7.81 9.85 10.79 Less: recoveries, upgrades and others (2) 117.62
Slide 20: Other portfolios
Other portfolios Dec 31, Sep 30, Dec 31, (₹ billion) 2024 2025 2025 1 Resolution under RBI frameworks: Total fund based o/s1 21.07 16.24 16.66 2 Corporate: BB and below outstanding2 - Borrowers with o/s greater than ₹ 1.00 bn 16.69 31.64 29.91 - Borrowers with o/s less than ₹ 1.00 bn 5.24 4.97 4.01
Slide 21: Standard assets and other provisions
Standard assets and other provisions1,2 (₹ billion) Dec 31, Sep 30, Dec 31, 2024 2025 2025 3 Total provisions 225.69 226.20 226.57 -- of which contingency provisions 131.00 131.00 131.00 Total as a % of net advances 1.7% 1.6% 1.5% 1. Excludes specific provisions on fund-based outstanding to borrower
Slide 22: Loan portfolio information
Loan portfolio information 22
Slide 23: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Dec 31, 2025 51.2% 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 42.2
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 6%, non- driven by residential loans ~7% and loan against property ~17% ▪ Col
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, Sep 30, Dec 31, Rating category1 2022 2023 2024 2025 2025 2025 AA- and above 46.4% 45.0% 38.3% 35.9% 30.3% 27.7% A+, A, A- 31.0% 35.6% 40.2% 38.9% 42.9% 43.4% A- and above 77.4% 80.6% 78.5% 74.8% 73.2% 71.1% BBB+,BBB, BBB-
Slide 27: Exposure to power sector
Exposure to power sector (₹ billion) Dec 31, Sep 30, Dec 31, % share at 2024 2025 2025 Dec 31, 2025 Borrowers classified as NPA or part of BB 8.91 8.42 6.02 1.1% and below portfolio1 Other borrowers 502.66 508.38 518.10 98.9% Total 511.57 516.80 524.12 100.0% • Of the other borrowers aggregating ₹ 5
Slide 28: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Dec 31, Sep 30, Dec 31, Outstanding (₹ billion) 2024 2025 2025 NBFCs/HFCs1 893.60 794.33 791.18 Builder portfolio (construction finance, lease rental 586.36 635.83 680.83 discounting, term loans and working capital)1 • Proportion of the NBFCs/HFCs portfolio internal
Slide 29: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Dec 31, 2025: USD 3.22 billion 1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance backed lending Note: Other non-India companies represents insignificant share 29
Slide 30: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, Advances 2022 2023 2024 2025 2025 2025 Exposure to top 20 borrowers1 as a % of 9.6% 8.5% 8.3% 7.5% 6.7% 6.3% total exposure Exposure to top 10 groups as a % of total 10.3% 10.1% 10.0% 9.6% 9.4% 10.3% exposure • All top 20 borr
Slide 31: Capital
Capital 31
Slide 32: Standalone capital adequacy
Standalone capital adequacy Sep 30, 20251 Dec 31, 20252 (₹ billion) % (₹ billion) % Total capital 2,694.55 15.76% 2,716.47 15.59% - Tier I 2,583.38 15.11% 2,563.25 14.71% - of which: CET1 2,583.38 15.11% 2,563.25 14.71% 3 - Tier II 111.17 0.65% 153.22 0.88% Risk weighted assets 17,097.47 17,425.93 -
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 Q3-2025 Q2-2026 Q3-2026 ICICI Prudential Life Insurance 11.89 3.26 2.99 3.90 ICICI Lombard General Insurance 25.08 7.24 8.20 6.59 ICICI Prudential Asset Management1 26.51 6.32 8.35 9.17 ICICI Securities (Consolidated)1 19.42 5.
Slide 35: Key subsidiaries (1/2)
Key subsidiaries (1/2) ICICI Prudential Life Insurance • Annualised Premium Equivalent was ₹ 68.11 billion in 9M-2026 compared to ₹ 69.05 billion in 9M-2025 • Value of New Business was ₹ 16.64 billion in 9M-2026 compared to ₹ 15.75 billion in 9M-2025 • New business sum assured grew by 18.1% y-o-y in
Slide 36: Key subsidiaries (2/2)
Key subsidiaries (2/2) ICICI Prudential Asset Management • MF QAAUM1 grew by 23.2% y-o-y to ₹ 10,763.80 billion in Q3-2026 • Market leader in Equity Hybrid schemes and Equity schemes with market share of 26.3% and 13.8% respectively at December 31, 2025 ICICI Securities • Total assets2 grew by 4.1%
Slide 37: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 37
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 • Sourcing renewable power and • Flagship CSR project of setting • Mandate of oversight on the Bank’s improving ene
Slide 39: Thank you
PICICI Bank Thank you
Slide 40: Additional financial information
Additional financial information 40
Slide 41: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2025 Q3-2025 9M-2025 Q2-20261 Q3-20261 9M-20261 margins (Percent) Yield on total interest-earning 8.69 8.62 8.65 8.34 8.23 8.39 assets - Yield on advances 9.76 9.65 9.72 9.29 9.08 9.30 Cost of funds 5.10 5.09 5.08 4.78 4.67 4.82 - Cost of deposits
Slide 42: Consolidated profit & loss statement (1/2)
Consolidated profit & loss statement (1/2) Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 (₹ billion) FY2025 2025 2025 2026 2026 2026 growth Net interest income 973.04 244.04 719.64 261.63 264.90 786.43 8.5% Non-interest income 1,082.55 275.89 768.95 279.66 284.18 818.80 3.0% - Fee income 322.25 82.97 239.30 86.60 88.
Slide 43: Consolidated profit & loss statement (2/2)
Consolidated profit & loss statement (2/2) (₹ billion) Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 FY2025 2025 2025 2026 2026 2026 growth Operating profit 777.59 197.51 577.07 199.74 204.00 616.91 3.3% Provisions 49.06 12.68 39.65 9.10 26.46 53.78 - Profit before tax 728.53 184.83 537.42 190.64 177.54 563.13 (3.9%)
Slide 44: Key ratios (consolidated)
Key ratios (consolidated) Percent Q3- 9M- Q2- Q3- 9M- FY2025 2025 2025 2026 2026 2026 Return on equity 18.0 17.8 18.1 16.1 14.7 15.8 Weighted average EPS (₹) 72.4 73.0 71.1 74.8 70.2 73.7 Book value (₹) 429 410 410 458 473 473 slide 10 44
Slide 45: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Dec 31, 2024 Sep 30, 2025 Dec 31, 2025 Net worth 2,716.43 3,114.42 3,231.34 - Equity capital 14.12 14.29 14.30 - Reserves 2,702.31 3,100.13 3,217.04 Deposits 15,203.09 16,128.25 16,596.11 - Current 1,904.38 2,067.47 2,179.87 - Savings 4,251.48 4,521.24 4,496.03
Slide 46: Composition of borrowings
Composition of borrowings (₹ billion) Dec 31, 2024 Sep 30, 2025 Dec 31, 2025 Domestic 1,027.10 888.11 900.08 1 - Capital instruments 28.84 15.00 54.40 - Other borrowings 998.26 873.11 845.68 - Long term infrastructure bonds 440.30 417.69 417.69 - Refinance 415.66 350.05 343.42 Overseas borrowings 25
Slide 47: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Dec 31, 2024 Sep 30, 2025 Dec 31, 2025 Cash & bank balances 1,725.12 1,675.68 1,793.77 Investments 8,494.17 8,997.98 9,011.84 Advances 13,972.65 14,921.61 15,523.67 Fixed & other assets 1,122.94 1,269.58 1,205.43 Total assets 25,314.88 26,864.85 27,534.71 Net w
Slide 48: Branch and ATM network
Branch and ATM network Branches Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, % share at 2022 2023 2024 2025 2025 2025 Dec 31, 2025 Metro 1,567 1,709 1,907 2,079 2,225 2,308 31.3% Urban 1,074 1,160 1,310 1,422 1,472 1,501 20.3% Semi urban 1,599 1,712 1,838 1,905 1,932 1,939 26.3% Rural 1,178 1,319
Slide 49: Balance sheet: assets
Balance sheet: assets (₹ billion) Dec 31, 2024 Sep 30, 2025 Dec 31, 2025 Cash & bank balances 1,434.15 1,366.81 1,463.39 Investments 4,719.78 4,995.92 4,946.42 - SLR investments 3,853.39 3,984.72 4,043.37 - Equity investment in subsidiaries 121.41 191.72 218.16 Advances 13,143.66 14,084.56 14,661.54
Slide 50: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Dec 31, 2024 Sep 30, 2025 Dec 31, 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 1 ICICI Home Finance 18.62 18.62 23.62 ICICI Securiti
Slide 51: Portfolio composition
Portfolio composition Dec 31, 2024 Sep 30, 2025 Dec 31, 2025 Domestic 95.0% 95.4% 95.3% International 5.0% 4.6% 4.7% Total consolidated advances (₹ billion) 13,973 14,922 15,524 slide 15 51
Slide 52: Retail and rural NPAs
Retail and rural NPAs Dec 31, Sep 30, Dec 31, ₹ in billion 2024 2025 2025 Gross retail and rural NPAs 133.52 127.34 125.84 - as a % of gross advances 1.69% 1.54% 1.49% Net retail and rural NPAs 45.29 41.37 39.35 - as a % of net advances 0.58% 0.51% 0.47% slide 18 52
Slide 53: Sector-wise exposures
Sector-wise exposures Top 10 sectors1,2: % of total Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, exposure of the Bank 2022 2023 2024 2025 2025 2025 Retail finance 35.9% 37.9% 39.1% 37.4% 37.9% 36.9% Services – finance 9.1% 8.9% 8.1% 8.1% 7.5% 7.2% Wholesale/retail trade 4.2% 5.1% 5.8% 6.5% 7.0% 6
Slide 54: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Sep 30, Dec 31, 20251 20252 Total capital 15.57% 15.40% - Tier I 14.94% 14.56% - of which: CET 1 14.94% 14.56% - Tier II 0.63% 0.84% • Including profits for 9M-2026, CET 1 ratio was 16.27%, Tier I ratio was 16.27% and total capital adequacy ratio was 17.11
Slide 55: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2025 Q3-2025 Q2-2026 Q3-2026 Annualised premium equivalent 104.07 24.38 24.21 25.25 - Of which: protection 16.38 3.90 4.19 4.64 Assets under management 3,093.59 3,104.14 3,214.94 3,307.29 Cost1/Total premium 18.1% 16.5% 17.7% 19.4% ICICI General (₹ billion
Slide 56: ICICI Bank UK
ICICI Bank UK (USD million) FY2025 Q3-2025 9M-2025 Q2-2026 Q3-2026 9M-2026 Net interest income 65.9 16.6 49.1 17.0 16.5 50.5 Operating profit 35.3 8.1 27.7 6.7 7.5 22.5 Loans and advances 1,148.8 1,108.7 1,108.7 1,190.4 1,334.6 1,334.6 Deposits 1,886.7 1,716.5 1,716.5 1,881.6 2,006.0 2,006.0 - Retai
Slide 57: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 Total assets: USD 2.59 bn Total liabilities: USD 2.59 bn 1. At Dec 31, 2025 2. Includes cash & cash equivalents and T Bills 57
Slide 58: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2025 Q3-2025 9M-2025 Q2-2026 Q3-2026 9M-2026 Net interest income 113.4 28.1 89.1 20.5 19.3 62.1 Operating profit 95.7 26.5 79.6 8.6 9.9 30.0 Loans and advances 4,460.9 4,724.0 4,724.0 3,910.5 3,832.2 3,832.2 - Residential mortgages 2,738.9 2,947.9 2,947.9 2,317.4 2,
Slide 59: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 4.58 bn Total liabilities: CAD 4.58 bn 1. At Dec 31, 2025 2. Includes government securities and cash & placements with banks 3. Insured mortgages include CAD 1,224.7 million of securitised mortgages at Dec 31, 2025 (Sep 30, 2
Slide 60: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Sep 30, 2025 Dec 31, 2025 Loans and advances 296.35 305.33 Gross impaired loans (stage 3) 4.82 4.50 Net impaired loans (stage 3) 3.22 2.98 Capital adequacy ratio 19.6% 21.5% slide 34 1. As per Ind AS 60