Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q2 2027 Earnings Presentation
65 slides from Icici Bank's earnings presentation, Oct 17, 2026
Slide 1: Q2-2027: Performance review
Q2-2027: Performance review October 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 Q2-2027
Highlights for Q2-2027 3
Slide 4: Key highlights for Q2-2027 (1/2)
Key highlights for Q2-2027 (1/2) • Profit before tax excluding treasury grew by 23.4% y-o-y and 5.2% q-o-q to ₹ 199.54 bn in Q2-2027 • Core operating profit grew by 21.8% y-o-y and 2.8% q-o-q to ₹ 208.05 bn Earnings • Core operating profit excluding dividend from subsidiaries grew by 25.0% y-o-y and
Slide 5: Key highlights for Q2-2027 (2/2)
Key highlights for Q2-2027 (2/2) • Period-end total deposits grew by 27.1% y-o-y and 11.8% q-o-q at Sep 30, 2026 • Excluding FCNR (B) deposits, period end total deposits grew by 17.0% y-o- Deposits y and 3.1% q-o-q at Sep 30, 2026 • Average deposits grew by 21.2% y-o-y and 8.0% q-o-q in Q2-2027 • Av
Slide 6: Financial performance
Financial performance 6
Slide 7: Profit & loss statement
Profit & loss statement Q2- H1- Q1- Q2- H1- Q2-o-Q2 (₹ billion) FY2026 2026 2026 2027 2027 2027 (%) Net interest income1 880.75 215.29 431.64 243.84 253.39 497.23 17.7% Non-interest income 295.60 73.56 146.20 84.25 82.77 167.02 12.5% - Fee income 257.42 64.91 123.91 72.86 77.95 150.81 20.1% - Divide
Slide 8: Profit & loss statement
Profit & loss statement ₹ in billion Q2- H1- Q1- Q2- H1- Q2-o-Q2 FY2026 2026 2026 2027 2027 2027 (%) Core operating profit 704.01 170.78 345.83 202.35 208.05 410.40 21.8% Provisions 53.801 9.14 27.29 12.60 8.51 21.11 (7.0)% Profit before tax 650.21 161.64 318.54 189.75 199.54 389.29 23.4% excluding
Slide 9: Key ratios
Key ratios Q2- H1- Q1- Q2- H1- Percent FY2026 2026 2026 2027 2027 2027 Net interest margin1,2 4.32 4.30 4.32 4.36 4.18 4.27 Cost of deposits 4.62 4.64 4.75 4.41 4.50 4.45 Cost-to-income 39.7 40.6 39.2 38.1 38.4 38.3 Core operating profit/average assets 3.26 3.22 3.28 3.40 3.17 3.28 Provisions/core o
Slide 10: Standalone segment-wise PBT
Standalone segment-wise PBT Profit before tax FY2026 Q2-2026 H1-2026 Q1-2027 Q2-2027 H1-2027 (₹ billion) Retail 232.44 63.18 110.53 62.39 77.17 139.56 Wholesale 244.89 57.60 111.47 74.79 79.11 153.90 Treasury 172.30 41.42 104.03 48.22 40.15 88.38 Others 12.56 1.64 7.12 5.86 0.81 6.66 Total 662.19 16
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 Q-o-Q % share at 2025 2026 2026 growth growth Sep 30, 2026 CASA 6,588.71 7,242.56 7,408.51 12.4% 2.3% 36.1% - Current 2,067.47 2,478.86 2,652.47 28.3% 7.0% 12.9% - Savings 4,521.24 4,763.70 4,756.04 5.2% (0.2%) 23.2% Term 9,539.54 11,093
Slide 13: Average deposits
Average deposits Y-o-Y Q-o-Q (₹ billion) Q2-2026 Q1-2027 Q2-2027 growth growth CASA 6,101.04 6,657.75 6,752.48 10.7% 1.4% Term 9,473.45 10,822.53 12,129.71 28.0% 12.1% Total deposits 15,574.49 17,480.28 18,882.19 21.2% 8.0% Average CASA ratio 39.2% 38.1% 35.8% 13
Slide 14: Loan portfolio
Loan portfolio Sep 30, Jun 30, Sep 30, Y-o-Y Q-o-Q % share at (₹ billion) 2025 2026 2026 growth growth Sep 30, 20261 Retail and rural banking 8,240.22 9,165.12 9,456.87 14.8% 3.2% 51.6% Business banking 2,909.21 3,501.55 3,891.68 33.8% 11.1% 21.2% Domestic corporate 2,715.68 3,213.16 3,547.71 30.6%
Slide 15: Retail and rural portfolio
Retail and rural portfolio (₹ billion) % share at Sep 30, Jun 30, Sep 30, Y-o-Y Q-o-Q Sep 30, 2025 2026 2026 growth growth 2026 Mortgages 4,606.14 5,133.47 5,310.88 15.3% 3.5% 56.2% Vehicle loans 962.66 1,022.74 1,037.39 7.8% 1.4% 11.0% - Auto finance 615.55 637.69 645.07 4.8% 1.2% 6.8% - Commercial
Slide 16: Asset quality trends
Asset quality trends 16
Slide 17: NPA trends
NPA trends (₹ billion) Sep 30, Jun 30, Sep 30, 2025 2026 2026 Gross NPAs1 238.50 238.47 233.35 Less: cumulative provisions 180.23 179.39 176.29 Net NPAs1 58.27 59.08 57.06 Gross NPA ratio1 1.58% 1.38% 1.20% Net NPA ratio1 0.39% 0.35% 0.30% Provision coverage ratio 75.0% 74.7% 75.0% Retail and rural
Slide 18: NPA movement
NPA movement1 ₹ billion FY2026 Q2-2026 Q1-2027 Q2-2027 Opening gross NPA 241.66 247.33 230.52 238.47 Add: gross additions (1) 191.47 50.34 55.52 48.33 - Retail and rural 155.16 40.49 43.312 37.09 - Corporate and business banking 36.31 9.85 12.21 11.24 Less: recoveries, upgrades and others (2) 114.92
Slide 19: Other portfolios
Other portfolios Sep 30, Jun 30, Sep 30, (₹ billion) 2025 2026 2026 1 Resolution under RBI frameworks: Total fund based o/s1 16.24 13.63 11.85 2 Corporate: BB and below outstanding2 - Borrowers with o/s greater than ₹ 1.00 bn 31.64 30.90 31.66 - Borrowers with o/s less than ₹ 1.00 bn 4.97 3.95 3.81
Slide 20: Standard assets and other provisions
Standard assets and other provisions1,2 (₹ billion) Sep 30, Jun 30, Sep 30, 2025 2026 2026 3 3 Total provisions 226.20 229.63 238.15 -- of which contingency provisions 131.00 131.00 131.00 Total as a % of net advances 1.6% 1.4% 1.3% 1. Excludes specific provisions on fund-based outstanding to borrow
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, 2026 51.6% of total loans are retail and rural3 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 and rura
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 ~63%, top-up Growth in retail credit card spends loans given to existing home loan customers ~7%, non- driven by residential loans ~7% and loan against property ~18% ▪ Co
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, Mar 31, Jun 30, Sep 30, Rating category1 2022 2023 2024 2025 2026 2026 2026 AA- and above 46.4% 45.0% 38.3% 35.9% 26.5% 26.9% 27.1% A+, A, A- 31.0% 35.6% 40.2% 38.9% 45.4% 45.0% 46.1% A- and above 77.4% 80.6% 78.5% 74.8% 7
Slide 26: Exposure to power sector
Exposure to power sector (₹ billion) Sep 30, Jun 30, Sep 30, % share at 2025 2026 2026 Sep 30, 2026 Borrowers classified as NPA or part of 8.42 6.19 7.27 1.0% BB and below portfolio1 Other borrowers 508.38 636.84 685.61 99.0% Total 516.80 643.03 692.88 100.0% • Of the other borrowers aggregating ₹ 6
Slide 27: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Sep 30, Jun 30, Sep 30, Outstanding (₹ billion) 2025 2026 2026 NBFCs/HFCs1 794.33 920.52 1,033.78 Builder portfolio (construction finance, lease rental 635.83 747.21 788.52 discounting, term loans and working capital)1 • Proportion of the NBFCs/HFCs portfolio intern
Slide 28: Overseas branches - Wholesale portfolio
Overseas branches - Wholesale portfolio Total outstanding1 at Sep 30, 2026: USD 5.25 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, Mar 31, Jun 30, Sep 30, Advances 2022 2023 2024 2025 2026 2026 2026 Exposure to top 20 borrowers1 as a % of 9.6% 8.5% 8.3% 7.5% 6.4% 6.5% 6.3% total exposure Exposure to top 10 groups as a % of total 10.3% 10.1% 10.0% 9.6% 10.3% 10.1% 10.6% e
Slide 30: Technology: Leveraging AI
Technology: Leveraging AI 30
Slide 31: AI adoption for long-term value creation
AI adoption for long-term value creation Scalable platform for Strategic enabler Internal AI Responsible AI AI delivery capabilities governance • Enterprise-wide • Prioritise high-value use • In-house development • Guardrails for AI adoption cases • Build internal adoption • Partnership with • Enhan
Slide 32: ICICI Bank: AI across the enterprise (1/2)
ICICI Bank : AI across the enterprise (1/2) Customer service and Decongesting Fraud prevention engagement processes • In-house GenAI tool to • Document intelligence tools • Strengthen onboarding deliver faster and trained to read multiple checks, customer personalised experiences document types and
Slide 33: ICICI Bank: AI across the enterprise (2/2)
ICICI Bank : AI across the enterprise (2/2) Monitoring and Strengthening Employee productivity assessment technology and and knowledge cybersecurity retrieval • AI reasoning tools are used • Accelerating technology • Enabling enterprise to analyse various delivery with AI assisted banking knowledge
Slide 34: Capital
Capital 34
Slide 35: Standalone capital adequacy
Standalone capital adequacy Sep 30, 20251,2 Jun 30, 20261,2 Sep 30, 20261,2 (₹ billion) % (₹ billion) % (₹ billion) % Total capital 2,903.86 17.00% 3,281.48 16.84% 3,398.72 16.68% - Tier I 2,792.69 16.35% 3,154.12 16.19% 3,262.33 16.01% - of which: CET1 2,792.69 16.35% 3,154.12 16.19% 3,262.33 16.01
Slide 36: Group companies
Group companies 36
Slide 37: Profit after tax of key subsidiaries
Profit after tax of key subsidiaries Q2- H1- Q1- Q2- H1- Profit after tax (₹ billion) FY2026 2026 2026 2027 2027 2027 ICICI Life Insurance 16.00 2.99 6.01 3.86 3.74 7.60 3 ICICI Lombard General Insurance 27.72 8.20 15.67 4.03 9.46 13.50 ICICI Prudential Asset Management1 33.13 8.38 16.22 9.65 8.89 1
Slide 38: Key subsidiaries (1/2)
Key subsidiaries (1/2) ICICI Life Insurance • Annualised Premium Equivalent increased to ₹ 49.35 billion in H1-2027 from ₹ 42.86 billion in H1-2026 • Value of New Business increased to ₹ 12.83 billion in H1-2027 from ₹ 10.49 billion in H1-2026 • New business sum assured grew by 30.1% y-o-y in H1-202
Slide 39: 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 13.7% and 26.4% respectively at September 30, 2026 • Total MF QAAUM1 grew by 14.4% y-o-y to ₹ 11,608.19 billion at September 30, 2026 ICICI Securities • T
Slide 40: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 40
Slide 41: 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 • Remain focused on managing • Positively benefitted more than • Strengthened Board oversight Scope 1 & 2 emissions
Slide 42: Thank you
PICICI Bank Thank you
Slide 43: Additional financial information
Additional financial information 43
Slide 44: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2026 Q2-2026 H1-2026 Q1-2027 Q2-2027 H1-2027 margins (Percent)1 Yield on total interest-earning 8.33 8.34 8.47 8.17 8.09 8.13 assets - Yield on advances 9.19 9.29 9.41 8.86 8.82 8.83 Cost of funds 4.75 4.78 4.90 4.51 4.59 4.55 - Cost of deposits 4.
Slide 45: Consolidated profit & loss statement (1/2)
Consolidated profit & loss statement (1/2) Q2- H1- Q1- Q2- H1- Q2-o-Q2 (₹ billion) FY2026 2026 2026 2027 2027 2027 growth Net interest income 1,061.90 261.63 521.53 291.77 303.36 595.13 15.9% Non-interest 1,169.00 279.66 534.62 274.48 321.69 596.17 15.0% income - Fee income 345.95 86.60 166.54 96.35
Slide 46: Consolidated profit & loss statement (2/2)
Consolidated profit & loss statement (2/2) (₹ billion) Q2- H1- Q1- Q2- H1- Q2-o-Q2 FY2026 2026 2026 2027 2027 2027 growth Operating profit 826.96 199.74 412.91 226.04 240.10 466.14 20.2% Provisions 56.39 9.10 27.32 12.97 8.95 21.92 (1.7)% Profit before tax 770.57 190.64 385.59 213.07 231.15 444.22 2
Slide 47: Key ratios (consolidated)
Key ratios (consolidated) Percent Q2- H1- Q1- Q2- H1- FY2026 2026 2026 2027 2027 2027 Return on equity 16.0 16.1 16.5 16.6 16.9 16.8 Weighted average EPS (₹) 75.9 74.8 75.5 86.2 91.0 88.6 Book value (₹) 492 458 458 516 528 528 slide 9 47
Slide 48: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Net worth 3,114.42 3,534.91 3,605.94 - Equity capital 14.29 14.35 14.36 - Reserves 3,100.13 3,520.56 3,591.58 Deposits 16,128.25 18,335.86 20,498.74 - Current 2,067.47 2,478.86 2,652.47 - Savings 4,521.24 4,763.70 4,756.04
Slide 49: Composition of borrowings
Composition of borrowings (₹ billion) Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Domestic 888.11 963.82 936.49 - Capital instruments 15.00 53.72 52.27 - Other borrowings 873.11 910.10 884.22 - Long term infrastructure bonds 417.69 352.69 352.69 - Refinance 350.05 474.39 447.10 Overseas borrowings 230.07
Slide 50: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Cash & bank balances 1,675.68 1,964.93 2,752.62 Investments 8,997.98 9,393.00 9,487.28 Advances 14,921.61 17,293.28 19,353.85 Fixed & other assets 1,269.58 1,372.86 1,335.78 Total assets 26,864.85 30,024.07 32,929.53 Net w
Slide 51: Branch and ATM network
Branch and ATM network Branches % share at Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Sep 30, 2022 2023 2024 2025 2026 2026 2026 2026 Metro 1,567 1,709 1,907 2,079 2,356 2,394 2,422 31.6% Urban 1,074 1,160 1,310 1,422 1,507 1,515 1,520 19.9% Semi urban 1,599 1,712 1,838 1,905 1,956 1,96
Slide 52: Balance sheet: assets
Balance sheet: assets (₹ billion) Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Cash & bank balances 1,366.81 1,630.47 2,443.88 Investments 4,995.92 5,385.34 5,574.94 - SLR investments 3,984.72 4,255.10 4,405.95 - Equity investment in subsidiaries 191.72 220.29 235.00 Advances 14,084.56 16,312.60 18,315.80
Slide 53: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 1 ICICI Life Insurance 32.75 32.75 47.45 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 Limited
Slide 54: Portfolio composition
Portfolio composition Sep 30, 2025 Jun 30, 2026 Sep 30, 2026 Domestic 95.4% 94.5% 90.3% International 4.6% 5.5% 9.7% Total consolidated advances (₹ billion) 14,922 17,293 19,354 slide 14 54
Slide 55: Retail and rural NPAs
Retail and rural NPAs Sep 30, Jun 30, Sep 30, ₹ in billion 2025 2026 2026 Gross retail and rural NPAs 128.17 123.14 119.45 - as a % of gross advances 1.54% 1.33% 1.25% Net retail and rural NPAs 41.66 38.27 36.32 - as a % of net advances 0.51% 0.42% 0.38% slide 17 55
Slide 56: 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 2023 2024 2025 2026 2026 2026 Retail finance 42.0% 43.4% 41.4% 39.9% 39.0% 37.6% Services – finance 9.4% 8.6% 8.2% 7.2% 7.7% 7.1% Wholesale/retail trade 5.1% 5.8% 6.5% 7.0% 6.9% 6
Slide 57: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Sep 30, Jun 30, Sep 30, 20251,2 20261,2 20261,2 Total capital 16.75% 16.75% 16.62% - Tier I 16.12% 16.11% 15.97% - of which: CET 1 16.12% 16.11% 15.97% - Tier II 0.63% 0.64% 0.65% slide 35 1. Including profits for the period 2. After reckoning the impact o
Slide 58: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2026 Q2-2026 Q1-2027 Q2-2027 Annualised premium equivalent 106.41 24.21 21.36 27.99 - Of which: protection 19.06 4.19 5.96 5.60 Assets under management 3,136.34 3,214.94 3,338.18 3,289.64 Cost1/Total premium 18.2% 17.7% 21.8% 18.7% ICICI General (₹ billion
Slide 59: ICICI Bank UK
ICICI Bank UK (USD million) FY2026 Q2-2026 H1-2026 Q1-2027 Q2-2027 H1-2027 Net interest income 67.2 17.0 34.0 16.9 17.1 34.0 Operating profit 31.6 6.7 14.9 9.9 8.9 18.7 Loans and advances 1,483.7 1,190.4 1,190.4 1,664.6 1,827.6 1,827.6 Deposits 2,248.3 1,881.6 1,881.6 2,232.3 2,561.2 2,561.2 - Retai
Slide 60: ICICI Bank UK asset and liability profile
ICICI Bank UK1 Asset profile Liability profile 2 Total assets: USD 3.17 bn Total liabilities: USD 3.17 bn 1. At Sep 30, 2026 2. Includes cash & cash equivalents and T Bills 60
Slide 61: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2026 Q2-2026 H1-2026 Q1-2027 Q2-2027 H1-2027 Net interest income 78.8 20.5 42.8 16.8 17.0 33.8 Operating profit 36.3 8.6 20.0 8.0 7.7 15.7 Loans and advances 4,173.8 3,910.5 3,910.5 4,235.9 4,255.6 4,255.6 - Residential mortgages 2,438.4 2,317.4 2,317.4 2,359.6 2,31
Slide 62: ICICI Bank Canada asset and liability profile
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 5.04 bn Total liabilities: CAD 5.04 bn 1. At Sep 30, 2026 2. Includes government securities and cash & placements with banks 3. Insured mortgages include CAD 1,341.4 million of securitised mortgages at Sep 30, 2026 (Jun 30, 2
Slide 63: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Sep 30, Jun 30, Sep 30, 2025 2026 2026 Loans and advances 296.35 335.28 351.57 Gross impaired loans (stage 3) 4.82 4.27 4.24 Net impaired loans (stage 3) 3.22 2.81 2.77 Capital adequacy ratio 19.6% 20.0% 19.4% slide 37 1. As per Ind AS 63
Slide 64: Trend of loan portfolio
Trend of loan portfolio Mar 31, Sep 30, Mar 31, Jun 30, Sep 30, (₹ billion) 2025 2025 2026 2026 2026 Retail and rural 8,014.49 8,240.22 8,901.77 9,165.12 9,456.87 Business banking 2,633.67 2,909.21 3,276.65 3,501.56 3,891.68 Domestic corporate 2,737.66 2,715.68 2,988.96 3,213.16 3,547.71 Total domes
Slide 65: Trend of retail and rural portfolio
Trend of retail and rural portfolio (₹ billion) Mar 31, Sep 30, Mar 31, Jun 30, Sep 30, 2025 2025 2026 2026 2026 Mortgages 4,395.85 4,606.13 4,975.45 5,133.47 5,310.88 Vehicle loans 965.02 962.66 1,007.54 1,022.74 1,037.39 - Auto finance 619.44 615.55 629.86 637.69 645.07 - Commercial vehicle and 33