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

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

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 banking1 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

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

1. Including profits for Q1-2026

2. Including profits for FY2025

Operating performance

Profit & loss statement

1. 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	13.321	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%

   1. Includes the impact of release of AIF related provisions of ₹ 3.89 billion

Key ratios

Yield, cost and margin: slide 40

Consolidated PsL and ratios: slide 41-43

1. Annualised on the basis of 'number of months' for Q1-2026 ('number of days' for previous periods)

2. 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

Balance sheet growth

Balance sheet-liabilities: slide 44-45

Consolidated balance sheet: slide 46 Extensive franchise: slide 47

• 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, 20254
  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 banking1	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/IBPC2	(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 book3	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

1. This portfolio comprises borrowers with turnover of upto ₹ 7.50 bn

2. Bill rediscounting scheme/Interbank participatory certificate

3. Includes impact of exchange rate movement

4. Proportions are gross of BRDS/IBPC

Balance sheet-assets: slides 48-49

Portfolio composition: slide 50 14

Retail portfolio

Asset quality trends

NPA trends

Retail and rural NPAs: slide 51

NPA movement1

1. Based on customer assets

Other portfolios

• 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

3 Non-fund o/s to NPAs 35.43 30.75

1. Includes standard borrowers under resolution as per various RBI frameworks

2. Excludes banks, investments and fund and non-fund based outstanding to NPAs

Total as a % of net advances 1.9% 1.7%

1. Excludes specific provisions on fund-based outstanding to borrowers classified as non-performing

2. 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 portfolio1 at Jun 30, 2025

   52.2% 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 43.2% of the total portfolio at Jun 30, 2025

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

interface for employees, third party agencies and sourcing channels

Mortgage customers have existing relationship with the Bank

Average loan-to-value ratio of home loan

Average loan-to-value ratio of loan against property

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 category1	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

  1. Based on internal ratings

and below portfolio1

• 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/HFCs1 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 outstanding1 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 borrowers1 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