ICICI Bank: Investor Presentation for quarter ended June 30, 2025

About this update from Icici Bank Limited

Q1-2026: Performance review July 19, 2025 Cgrīain dgriniīions in īhis rglgasg rglaīing īo a ruīurg pgriod or īimg (including inīgr alia concgrning our ruīurg busingss plans or growīh prospgcīs) arg rorward-looKing sīaīgmgnīs inīgndgd īo qualirQ ror īhg 'sarg harbor' undgr applicablg sgcuriīigs laws including īhg US Privaīg Sgcuriīigs Liīigaīion ngrorm Acī or Ṉ995. Such rorward-looKing sīaīgmgnīs involvg a numbgr or risKs and uncgrīainīigs īhaī could causg acīual rgsulīs īo dirrgr maīgriallQ rrom īhosg in such rorward-looKing sīaīgmgnīs. Thgsg risKs and uncgrīainīigs includg, buī arg noī limiīgd īo sīaīuīorQ and rggulaīorQ changgs, inīgrnaīional gconomic and busingss condiīions; poliīical or gconomic insīabiliīQ in īhg jurisdicīions whgrg wg havg opgraīions or which arrgcī global or Indian gconomic condiīions, incrgasg in non-pgrrorming loans, unanīicipaīgd changgs in inīgrgsī raīgs, rorgign gxchangg raīgs, gquiīQ pricgs or oīhgr raīgs or pricgs, our growīh and gxpansion in busingss, īhg adgquacQ or our allowancg ror crgdiī lossgs, īhg acīual growīh in dgmand ror banKing producīs and sgrvicgs, invgsīmgnī incomg, cash rlow projgcīions, our gxposurg īo marKgī risKs, changgs in India's sovgrgign raīing, as wgll as oīhgr risKs dgīailgd in īhg rgporīs rilgd bQ us wiīh īhg Uniīgd Sīaīgs Sgcuriīigs and «xchangg Commission. AnQ rorward-looKing sīaīgmgnīs conīaingd hgrgin arg basgd on assumpīions īhaī wg bgligvg īo bg rgasonablg as or īhg daīg or īhis rglgasg. ICICI ÐanK undgrīaKgs no obligaīion īo updaīg rorward-looKing sīaīgmgnīs īo rgrlgcī gvgnīs or circumsīancgs arīgr īhg daīg īhgrgor. Addiīional risKs īhaī could arrgcī our ruīurg opgraīing rgsulīs arg morg rullQ dgscribgd in our rilings wiīh īhg Uniīgd Sīaīgs Sgcuriīigs and «xchangg Commission. Thgsg rilings arg availablg aī https://www.sgc.gov . Highlights for Q1-2026 Advances Key highlights for Q1-2026 (1/2) Earnings Profit before tax excluding treasury grew by 11.4% y-o-y to ₹ 156.90 bn in Q1- 2026 Core operating profit grew by 13.6% y-o-y to ₹ 175.05 bn Profit after tax grew by 15.5% y-o-y to ₹ 127.68 bn in Q1-2026 Deposits Period end total deposits grew by 12.8% y-o-y and were flat sequentially Average deposits grew by 11.2% y-o-y and 3.1% q-o-q at June 30, 2025 Average savings account deposits increased by 7.6% y-o-y and 3.6% q-o-q Average current account deposits increased by 11.2% y-o-y and 4.6% q-o-q Domestic loans grew by 12.0% y-o-y and 1.5% q-o-q Retail loans grew by 6.9% y-o-y and 0.5% q-o-q Business banking 1 portfolio grew by 29.7% y-o-y and 3.7% q-o-q Domestic corporate portfolio grew by 7.5% y-o-y and declined by 1.4% q-o-q Key highlights for Q1-2026 (2/2) Asset quality Net NPA ratio was 0.41% at Jun 30, 2025 (Jun 30, 2024: 0.43%) Net additions of ₹ 30.34 bn to gross NPAs in Q1-2026 (Q1-2025: ₹ 26.24 bn) Provisions of ₹ 18.15 bn in Q1-2026 (0.53% of average advances) Provision coverage was 75.3% at Jun 30, 2025 Standard, contingency and other provisions of ₹ 226.64 bn (1.7% of advances) at Jun 30, 2025 Contingency provisions of ₹ 131.00 bn at Jun 30, 2025 Capital Common Equity Tier 1 ratio of 16.31% 1 (Mar 31, 2025: 15.94% 2 ) Total capital adequacy ratio of 16.97% 1 Including profits for Q1-2026 Including profits for FY2025 Operating performance Profit & loss statement (₹ billion) FY2025 Q1-2025 Q4-2025 Q1-2026 Q1-o-Q1 (%) Net interest income 1 811.65 195.53 211.93 216.35 10.6% Non-interest income 266.03 63.89 70.21 72.64 13.7% - Fgg incomg 238.70 54.90 63.06 59.00 7.5% - Dividgnd incomg rrom subsidiarigs 26.Ṉ9 8.94 6.75 Ṉ3.36 49.5% - Oīhgrs Ṉ.Ṉ4 0.05 0.40 0.28 - Core operating income 1,077.68 259.42 282.14 288.99 11.4% Operating expenses 423.72 105.30 107.89 113.94 8.2% - «mploQgg gxpgnsgs Ṉ65.4Ṉ 43.7Ṉ 4Ṉ.05 47.43 8.5% - Non-gmploQgg gxpgnsgs 258.3Ṉ 6Ṉ.59 66.84 66.5Ṉ 8.0% Core operating profit 653.96 154.12 174.25 175.05 13.6% Core operating profit excluding dividend income 627.76 145.18 167.50 161.69 11.4% Includes interest on tax refund of ₹ 3.61 bn in Q1-2026 (FY2025: ₹ 1.84 bn, Q1-2025: ₹ 0.17 bn, Q4-2025: ₹ 1.14 bn) Profit & loss statement ₹ in billion FY2025 Q1-2025 Q4-2025 Q1-2026 Q1-o-Q1 (%) Core operating profit 653.96 154.12 174.25 175.05 13.6% Provisions 46.83 13.32 1 8.91 18.15 36.2% Profit before tax excluding treasury 607.13 140.80 165.34 156.90 11.4% Treasury income 19.03 6.13 2.39 12.41 - Profit before tax 626.16 146.93 167.73 169.31 15.2% Tax 153.89 36.34 41.43 41.63 14.6% Profit after tax 472.27 110.59 126.30 127.68 15.5% Includes the impact of release of AIF related provisions of ₹ 3.89 billion Key ratios Percent FY2025 Q1-2025 Q4-2025 Q1-2026 1 Net interest margin 2 4.32 4.36 4.41 4.34 Cost of deposits 4.91 4.84 5.00 4.85 Cost-to-income 38.6 39.7 37.9 37.8 Core operating profit/average assets 3.33 3.29 3.43 3.34 Provisions/core operating profit 7.2 3 8.6 3 5.1 10.4 Provisions/average advances 0.36 3 0.43 3 0.27 0.53 Return on average assets 2.40 2.36 2.49 2.44 Standalone return on equity 17.9 18.0 18.2 17.1 Weighted average EPS (₹) 67.0 63.1 72.5 71.6 Book value (₹) 410.1 361.0 410.1 429.3 Yield, cost and margin: slide 40 Consolidated PsL and ratios: slide 41-43 Annualised on the basis of 'number of months' for Q1-2026 ('number of days' for previous periods) Impact of interest on tax refund was 7 bps in Q1-2026 (1 bp in FY2025, 2 bps in Q4-2025 and nil in Q1-2025) Unconsolidated segment-wise PBT Profit before tax (₹ billion) FY2025 Q1-2025 Q4-2025 Q1-2026 Retail 216.21 42.39 64.93 47.35 Wholesale 215.64 49.12 55.51 53.87 Treasury 187.61 54.74 44.66 62.61 Others 6.70 0.68 2.63 5.48 Unallocated 1 - - - - Total 626.16 146.93 167.73 169.31 Balance sheet growth Outstanding deposits (₹ billion) Jun 30, Mar 31, Jun 30, Y-o-Y growth % share at Jun 30, 2025 2024 2025 2025 CASA 5,836.71 6,737.29 6,628.13 13.6% 41.2% - Currgnī Ṉ,760.28 2,329.57 2,Ṉ69.7Ṉ 23.3% Ṉ3.5% - Savings 4,076.43 4,407.72 4,458.42 9.4% 27.7% Term 8,424.79 9,366.19 9,457.04 12.3% 58.8% Total deposits 14,261.50 16,103.48 16,085.17 12.8% 100.0% Balance sheet-liabilities: slide 44-45 Consolidated balance sheet: slide 46 Extensive franchise: slide 47 Average deposits (₹ billion) Q1-2025 Q4-2025 Q1-2026 Y-o-Y growth CASA 5,464.47 5,715.30 5,939.09 8.7% Term 8,322.11 9,151.05 9,393.32 12.9% Total deposits 13,786.58 14,866.35 15,332.41 11.2% Average CASA ratio 39.6% 38.4% 38.7% - Average current account deposits increased by 11.2% y-o-y and 4.6% sequentially in Q1-2026 Average savings account deposits increased by 7.6% y-o-y and 3.6% sequentially in Q1-2026 Loan portfolio (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Y-o-Y growth % share at Jun 30, 2025 4 Retail 6,741.38 7,172.23 7,205.40 6.9% 52.2% Rural loans 774.63 783.40 771.51 (0.4%) 5.6% Business banking 1 2,105.59 2,633.67 2,730.83 29.7% 19.8% Domestic corporate and others 2,563.77 2,796.51 2,757.32 7.5% 20.0% Total domestic book (gross of BRDS/IBPC) 12,185.38 13,385.81 13,465.06 10.5% 97.6% BRDS/IBPC 2 (299.51) (276.00) (153.10) (48.9%) - Total domestic book (net of BRDS/IBPC) 11,885.87 13,109.81 13,311.96 12.0% 97.6% Overseas book 3 345.67 307.85 329.61 (4.6%) 2.4% Total advances 12,231.54 13,417.66 13,641.57 11.5% 100.0% Including non-fund based outstanding, the share of retail portfolio was 43.2% of the total portfolio at Jun 30, 2025 Of the total domestic loan book, 31% has fixed interest rate, 53% has interest rate linked to repo rate, 15% has interest rate linked to MCLR and other older benchmarks, and 1% has interest rate linked to other external benchmarks This portfolio comprises borrowers with turnover of upto ₹ 7.50 bn Bill rediscounting scheme/Interbank participatory certificate Includes impact of exchange rate movement Proportions are gross of BRDS/IBPC Balance sheet-assets: slides 48-49 Portfolio composition: slide 50 14 Retail portfolio (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Y-o-Y growth % share at Jun 30, 2025 Mortgages 4,059.96 4,395.84 4,478.85 10.3% 62.2% Vehicle loans 940.72 965.43 962.73 2.3% 13.4% - Auīo rinancg 602.04 6Ṉ9.44 6Ṉ5.3Ṉ 2.2% 8.5% - Commgrcial vghiclg and gquipmgnī 32Ṉ.Ṉ8 336.32 340.Ṉ8 5.9% 4.7% - Two whgglgr loans Ṉ7.50 9.67 7.24 (58.6%) 0.1% Personal loans 1,183.77 1,215.55 1,200.10 1.4% 16.7% Credit cards 534.72 573.41 542.55 1.5% 7.5% Loan against shares and others 22.22 22.00 21.17 (4.7%) 0.3% Total retail loans 6,741.38 7,172.23 7,205.40 6.9% 100.0% Asset quality trends NPA trends (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Gross NPAs 1 287.19 241.66 247.33 Less: cumulative provisions 230.34 185.77 187.62 Net NPAs 1 56.85 55.89 59.71 Gross NPA ratio 1 2.15% 1.67% 1.67% Net NPA ratio 1 0.43% 0.39% 0.41% Provision coverage ratio 79.7% 76.2% 75.3% Retail and rural NPAs: slide 51 NPA movement 1 ₹ billion FY2025 Q1-2025 Q4-2025 Q1-2026 Opening gross NPA 279.62 279.62 277.45 241.66 Add: gross additions (1) 202.11 59.16 51.42 62.45 - ngīail and rural Ṉ76.44 52.04 2 43.39 5Ṉ.93 3 - Corporaīg and busingss banKing 25.67 7.Ṉ2 8.03 Ṉ0.52 Less: recoveries, upgrades and others (2) 117.62 32.92 38.17 32.11 - ngīail and rural 93.93 25.32 30.39 25.25 - Corporaīg and busingss banKing 23.69 7.60 7.78 6.86 Net additions (1)-(2) 84.49 26.24 13.25 30.34 Less: write-offs 92.71 17.53 21.18 23.59 : sale of NPAs 29.74 Ṉ.Ṉ4 27.86 Ṉ.08 Closing gross NPAs 241.66 287.19 241.66 247.33 1. Based on customer assets Other portfolios (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 1 Resolution under RBI frameworks Retail and rural 1 23.25 17.55 16.22 Corporate and business banking 1 4.10 2.01 1.66 Total fund based o/s 1 27.35 19.56 17.88 2 Corporate: BB and below outstanding 2 - Fund and non-fund o/s to borrowers with loans under resolution 5.43 - - - Other borrowers with o/s greater than ₹ 1.00 bn 3 27.22 23.90 24.58 - Other borrowers with o/s less than ₹ 1.00 bn 3 8.99 4.64 5.37 Total 41.64 28.54 29.95 Other than two accounts, the maximum single borrower outstanding in the BB and below portfolio was less than ₹ 5.00 billion at June 30, 2025 32.98 3 Non-fund o/s to NPAs 35.43 30.75 Includes standard borrowers under resolution as per various RBI frameworks Excludes banks, investments and fund and non-fund based outstanding to NPAs Standard assets and other provisions 1,2 (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Total provisions 234.03 226.51 226.64 -- or which conīinggncQ provisions Ṉ3Ṉ.00 Ṉ3Ṉ.00 Ṉ3Ṉ.00 1.7% Total as a % of net advances 1.9% 1.7% Excludes specific provisions on fund-based outstanding to borrowers classified as non-performing Includes general provision on standard assets, contingency provisions, provisions held for non fund based outstanding to borrowers classified as non-performing, fund and non-fund based outstanding to standard borrowers under resolution and BB and below corporate portfolio Loan portfolio information Diversified and granular loan book Breakup of loan portfolio 1 at Jun 30, 2025 52.2% of total loans are retail 3 2 Proportions are gross of BRDS/IBPC This portfolio comprises borrowers with turnover of upto ₹ 7.50 bn Including non-fund based outstanding, the share of retail portfolio was 43.2% of the total portfolio at Jun 30, 2025 Mortgage portfolio Mortgage portfolio includes home loans ~66%, top-up loans given to existing home loan customers 6%, non-residential loans ~6% and loan against property ~17% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying borrower + meeting the legal and technical standards of the Bank for the property being mortgaged Loan against property portfolio has conservative loan to value ratios, lending based on cash flows of business/individuals with limited reliance on the value of collateral; valuation of the property is carried out internally iLens, an integrated, end-to-end, retail lending solution, covering all facets of loan lifecycle starting from sourcing till disbursement for all kind of customers. It is a single interface for employees, third party agencies and sourcing channels ~85% Mortgage customers have existing relationship with the Bank ~ ₹ 3.8 mn Average ticket size of home loan ~60% Average loan-to-value ratio of home loan ~40% Average loan-to-value ratio of loan against property 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 Leverage opportunities for growth in identified ecosystems such as farmers, dealers, self-employed, corporates, institutions and micro-entrepreneurs Through API integration with Bharat Bill Payment System , customers can instantly pay interest on their overdraft facilities; eliminates branch visits to service their loans Growth in retail credit card spends driven by Improvement in discretionary spending higher activation rate through digital onboarding of customers, including Amazon Pay credit cards 65% Portfolio to existing customers 85% Portfolio of salaried individuals 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 , granularity, collateral and robust monitoring; well diversified portfolio across sectors and geographies Primary collateral in the business banking portfolio in the form of charge on current assets and backed by property ~70% of the portfolio by value having ticket size < ₹ 10 crore Rating-wise loan book for corporate portfolio Rating category 1 Mar 31, 2021 Mar 31, 2022 Mar 31, 2023 Mar 31, 2024 Mar 31, 2025 Jun 30, 2025 AA- and above 43.4% 46.4% 45.0% 38.3% 35.9% 33.1% A+, A, A- 27.2% 31.0% 35.6% 40.2% 38.9% 40.1% A- and above 70.6% 77.4% 80.6% 78.5% 74.8% 73.2% BBB+,BBB, BBB- 24.1% 19.1% 17.9% 20.0% 24.1% 26.0% BB and below 3.9% 2.6% 1.0% 1.0% 0.7% 0.6% Non-performing loans 1.3% 0.6% 0.3% 0.1% 0.1% 0.1% Unrated 0.1% 0.3% 0.2% 0.4% 0.3% 0.1% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Total net loans corporate portfolio (₹ billion) 2,083 2,257 2,525 2,689 2,990 2,992 Based on internal ratings (₹ billion) Jun 30, 2024 Mar 31, 2025 Jun 30, 2025 Share at Jun 30, 2025 (%) Borrowers classified as NPA or part of BB 9.90 8.58 8.57 1.6% Other borrowers 507.02 493.09 534.52 98.4% Total 516.92 501.67 543.09 100.0% Exposure to power sector and below portfolio 1 Of the other borrowers aggregating ₹ 534.52 billion, excluding exposure to State Electricity Boards, about 87% was rated A- and above Sector-wise exposures: slide 52 NBFCs, HFCs and builder portfolio 2024 Outstanding (₹ billion) Jun 30, Mar 31, 2025 Jun 30, 2025 NBFCs/HFCs 1 854.12 918.38 874.17 Builder portfolio (construction finance, lease rental discounting, term loans and working capital) 521.30 616.24 628.33 Proportion of the NBFCs/HFCs portfolio internally rated BB and below or non-performing at Jun 30, 2025 was < 0.5% 1.9% of the builder portfolio at Jun 30, 2025 was either internally rated BB and below or classified as non-performing Portfolio of overseas branches Total outstanding 1 at Jun 30, 2025: USD 3.22 billion Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Jun 30, Advances 2021 2022 2023 2024 2024 2025 2025 Exposure to top 20 borrowers 1 as a % of total exposure 12.1% 9.6% 8.5% 8.3% 7.5% 7.5% 7.1% Exposure to top 10 groups as a % of total exposure 11.6% 10.3% 10.1% 10.0% 9.7% 9.6% 9.6% All top 20 borrowers as of Jun 30, 2025 are rated A- and above internally Deposits Mar 31, 2021 Mar 31, 2022 Mar 31, 2023 Mar 31, 2024 Dec 31, 2024 Mar 31, 2025 Jun 30, 2025 Exposure to top 20 depositors 1 as a % of total deposits 5.38% 5.26% 3.46% 3.44% 3.59% 4.16% 4.15%

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