ICICI Bank: Performance Review for quarter ended June 30, 2025

About this update from Icici Bank Limited

News Release July 19, 2025 Performance Review: Quarter ended June 30, 2025 Profit before tax excluding treasury grew by 11.4% year-on-year to ₹ 15,690 crore (US$ 1.8 billion) in the quarter ended June 30, 2025 (Q1-2026) Core operating profit grew by 13.6% year-on-year to ₹ 17,505 crore (US$ 2.0 billion) in Q1-2026 Profit after tax grew by 15.5% year-on-year to ₹ 12,768 crore (US$ 1.5 billion) in Q1-2026 Total period-end deposits grew by 12.8% year-on-year to ₹ 16,08,517 crore (US $187.6 billion) at June 30, 2025 Average deposits grew by 11.2% year-on-year to ₹ 15,33,241 crore (US$ 178.8 billion) in Q1-2026 Average current account and savings account (CASA) ratio was 38.7% in Q1-2026 Domestic loan portfolio grew by 12.0% year-on-year to ₹ 13,31,196 crore (US$ 155.2 billion) at June 30, 2025 Net NPA ratio was 0.41% at June 30, 2025 Provisioning coverage ratio on non-performing loans was 75.3% at June 30, 2025 Including profits for Q1-2026, total capital adequacy ratio was 16.97% and CET-1 ratio was 16.31%, on a standalone basis, at June 30, 2025 The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) at its meeting held at Mumbai today, approved the standalone and consolidated accounts of the Bank for the quarter ended June 30, 2025 (Q1-2026). The statutory auditors have conducted a limited review and have issued an unmodified report on the standalone and consolidated financial statements for the quarter ended June 30, 2025. Profit & loss account Profit before tax excluding treasury grew by 11.4% year-on-year to ₹ 15,690 crore (US$ 1.8 billion) in Q1-2026 from ₹ 14,080 crore (US$ 1.6 billion) in the quarter ended June 30, 2024 (Q1-2025) Core operating profit grew by 13.6% year-on-year to ₹ 17,505 crore (US$ 2.0 billion) in Q1-2026 from ₹ 15,412 crore (US$ 1.8 billion) in Q1-2025 Net interest income (NII) increased by 10.6% year-on-year to ₹ 21,635 crore (US$ 2.5 billion) in Q1-2026 from ₹ 19,553 crore (US$ 2.3 billion) in Q1-2025 Net interest margin was 4.34% in Q1-2026 compared to 4.41% in Q4-2025 and 4.36% in Q1-2025 Non-interest income, excluding treasury, increased by 13.7% year-on-year to ₹ 7,264 crore (US$ 847 million) in Q1-2026 from ₹ 6,389 crore (US$ 745 million) in Q1-2025 Fee income grew by 7.5% year-on-year to ₹ 5,900 crore (US$ 688 million) in Q1-2026 from ₹ 5,490 crore (US$ 640 million) in Q1-2025. Fees from retail, rural and business banking customers constituted about 79% of total fees in Q1-2026 Treasury gains were ₹ 1,241 crore (US$ 145 million) in Q1-2026 as compared to ₹ 613 crore (US$ 71 million) in Q1-2025, primarily reflecting realised and mark-to-market gains in fixed income securities and equities Provisions (excluding provision for tax) were ₹ 1,815 crore (US$ 212 million) in Q1-2026 compared to ₹ 1,332 crore (US$ 155 million) in Q1-2025. Provisions in Q1-2025 included the impact of release of AIF related provisions of ₹ 389 crore (US$ 45 million) Profit before tax grew by 15.2% year-on-year to ₹ 16,931 crore (US$ 2.0 billion) in Q1-2026 from ₹ 14,693 crore (US$ 1.7 billion) in Q1-2025 Profit after tax grew by 15.5% year-on-year to ₹ 12,768 crore (US$ 1.5 billion) in Q1-2026 from ₹ 11,059 crore (US$ 1.3 billion) in Q1-2025 Crgdiī growīh The net domestic advances grew by 12.0% year-on-year and 1.5% sequentially at June 30, 2025. The retail loan portfolio grew by 6.9% year-on-year and 0.5% sequentially, and comprised 52.2% of the total loan portfolio at June 30, 2025. Including non-fund outstanding, the retail portfolio was 43.2% of the total portfolio at June 30, 2025. The business banking portfolio grew by 29.7% year-on-year and 3.7% sequentially at June 30, 2025. The rural portfolio declined by 0.4% year-on-year and 1.5% sequentially at June 30, 2025. The domestic corporate portfolio grew by 7.5% year-on-year and declined by 1.4% sequentially at June 30, 2025. Total advances increased by 11.5% year-on-year and 1.7% sequentially to ₹ 13,64,157 crore (US$ 159.1 billion) at June 30, 2025. Dgposiī growīh Total period-end deposits increased by 12.8% year-on-year to ₹ 16,08,517 crore (US$ 187.6 billion) at June 30, 2025 (₹ 16,10,348 crore (US$ 187.8 billion) at March 31, 2025). Average deposits increased by 11.2% year-on-year and 3.1% sequentially to ₹ 15,33,241 crore (US$ 178.8 billion) in Q1-2026. Average current account deposits increased by 11.2% year-on-year and 4.6% sequentially in Q1-2026. Average savings account deposits increased by 7.6% year-on-year and 3.6% sequentially in Q1-2026. With the addition of 83 branches during Q1-2026, the Bank had a network of 7,066 branches and 13,376 ATMs s cash recycling machines at June 30, 2025. The Bank continues to enhance the use of technology in its operations to provide simplified solutions to customers and make investments in its digital channels. Assgī qualiīQ The gross NPA ratio was 1.67% at June 30, 2025 compared to 2.15% at June 30, 2024. The net NPA ratio was 0.41% at June 30, 2025 compared to 0.43% at June 30, 2024. The gross NPA additions were ₹ 6,245 crore (US$ 728 million) in Q1-2026 compared to ₹ 5,916 crore (US$ 690 million) in Q1-2025. Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 3,211 crore (US$ 374 million) in Q1-2026 compared to ₹ 3,292 crore (US$ 384 million) in Q1-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ 3,034 crore (US$ 354 million) in Q1-2026 compared to ₹ 2,624 crore (US$ 306 million) in Q1-2025. The Bank has written-off gross NPAs amounting to ₹ 2,359 crore (US$ 275 million) in Q1-2026. The provisioning coverage ratio on non-performing loans was 75.3% at June 30, 2025. Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 1,788 crore (US$ 208 million) or about 0.1% of total advances at June 30, 2025 compared to ₹ 1,956 crore (US$ 228 million) at March 31, 2025 and 2,735 crore (US$ 319 million) at June 30, 2024. The loan and non-fund based outstanding to performing corporate borrowers rated BB and below was ₹ 2,995 crore (US$ 349 million) at June 30, 2025 compared to ₹ 2,854 crore (US$ 333 million) at March 31, 2025 and ₹ 4,164 crore (US$ 486 million) at June 30, 2024. At June 30, 2025, the Bank holds total provisions, other than specific provisions on fund-based outstanding to borrowers classified as non-performing, amounting to ₹ 22,664 crore (US$ 2.6 billion) or 1.7% of loans. These provisions include the contingency provisions of ₹ 13,100 crore (US$ 1.5 billion) as well as general provision on standard assets, provisions held for non-fund based outstanding to borrowers classified as non-performing, loan and non-fund based outstanding to standard borrowers under resolution and the BB and below portfolio. Capiīal adgquacQ Including profits for Q1-2026, the Bank's total capital adequacy ratio at June 30, 2025 was 16.97% and CET-1 ratio was 16.31% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively. The Bank has issued Basel III compliant Tier 2 bonds amounting to ₹ 1,000 crore (US$ 117 million) during Q1-2026. Consolidaīgd rgsulīs The consolidated profit after tax increased by 15.9% year-on-year to ₹ 13,558 crore (US$ 1.6 billion) in Q1-2026 from ₹ 11,696 crore (US$ 1.4 billion) in Q1-2025. Consolidated assets grew by 10.9% year-on-year to ₹ 26,68,636 crore (US$ 311.2 billion) at June 30, 2025 from ₹ 24,07,395 crore (US$ 280.7 billion) at June 30, 2024. Key subsidiaries The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was ₹ 1,864 crore (US$ 217 million) in Q1-2026 compared to ₹ 1,963 crore (US$ 229 million) in Q1-2025. Value of New Business (VNB) of ICICI Life was ₹ 457 crore (US$ 53 million) in Q1-2026 compared to ₹ 472 crore (US$ 55 million) in Q1-2025. The VNB margin was 24.5% in Q1-2026 compared to 22.8% in FY2025. The profit after tax increased to ₹ 302 crore (US$ 35 million) in Q1-2026 from ₹ 225 crore (US$ 26 million) in Q1-2025. The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) increased to ₹ 7,735 crore (US$ 902 million) in Q1-2026 from ₹ 7,688 crore (US$ 896 million) in Q1-2025. The combined ratio stood at 102.9% in Q1-2026 compared to 102.3% in Q1-2025. The profit after tax of ICICI General grew by 28.7% to ₹ 747 crore (US$ 87 million) in Q1-2026 compared to ₹ 580 crore (US$ 68 million) in Q1-2025. With effect from October 1, 2024, long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q1-2026 numbers are not fully comparable with prior periods. The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, was ₹ 782 crore (US$ 91 million) in Q1-2026. The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 391 crore (US$ 46 million) in Q1-2026 compared to ₹ 527 crore (US$ 61 million) in Q1-2025. Summary Profit and Loss Statement (as per standalone Indian GAAP accounts) Ÿ crorg FY2025 Q1-2025 Q4-2025 Q1-2026 Audited Unaudited Audited Unaudited Net interest income 81,165 19,553 21,193 21,635 Non-interest income 26,603 6,389 7,021 7,264 - "gg incomg 23,870 5,490 6,306 5,900 - Dividgnd incomg rrom subsidiarigs 2,6Ṉ9 894 675 Ṉ,336 - Oīhgr incomg ṈṈ4 5 40 28 Lgss: Operating expense 42,372 10,530 10,789 11,394 Corg opgraīing profiī 1 65,396 15,412 17,425 17,505 Provisions 4,683 2 1,332 891 2 1,815 Profit before tax excl. treasury 60,713 14,080 16,534 15,690 Treasury 1,903 613 239 1,241 Profit before tax 62,616 14,693 16,773 16,931 Less: Provision for taxes 15,389 3,634 4,143 4,163 Profit after tax 47,227 11,059 12,630 12,768 Ṉ. «xcluding īrgasurQ Thg ÐanK, on a prudgnī basis, conīinugs īo hold provision againsī īhg sgcuriīQ rgcgipīs guaranīggd bQ īhg Govgrnmgnī, which will bg rgvgrsgd on acīual rgcgipī or rgcovgrigs or approval or claims, ir anQ. Prior pgriod numbgrs havg bggn rg-arranggd whgrgvgr ngcgssarQ Summary balance sheet Ÿ crorg 30-Jun -24 31-Mar-25 30-Jun-25 Unaudited Audited Unaudited Capital and liabilities Capital 1,407 1,425 1,427 Employee stock options outstanding 1,516 2,070 2,143 Reserves and surplus 2,51,071 2,88,582 3,02,751 Deposits 14,26,150 16,10,348 16,08,517 Borrowings (includes subordinated debt) 1,20,147 1,23,538 1,17,095 Other liabilities and provisions 2 92,406 92,277 91,906 Total capital and liabilities 18,92,697 21,18,240 21,23,839 Assets Cash and balances with Reserve Bank of India 80,439 1,19,928 96,454 Balances with banks and money at call and short notice 30,224 65,634 68,144 Investments 4,75,256 5,04,757 3 5,07,707 Advances 12,23,154 13,41,766 13,64,157 Fixed assets 11,101 12,839 12,878 Other assets 72,523 73,316 74,499 Total assets 18,92,697 21,18,240 21,23,839 Ṉ. Prior pgriod rigurgs havg bggn rg-groupgd/rg-arranggd whgrgvgr ngcgssarQ Thg ÐanK conīinugs īo hold conīinggncQ provision or Ÿ Ṉ3,ṈOO crorg (US$ Ṉ.5 billion) aī Jung 30, 2025 Pursuanī īo īhg Schgmg or Arranggmgnī amongsī ICICI ÐanK Limiīgd and ICICI Sgcuriīigs Limiīgd and īhgir rgspgcīivg shargholdgrs, ICICI Sgcuriīigs Limiīgd has bggn dglisīgd rrom sīocK gxchanggs on March 24, 2025 and bgcamg a whollQ-owngd subsidiarQ or īhg ÐanK. 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 īhg ÐanK has opgraīions or which arrgcī global or Indian gconomic condiīions, incrgasg in nonpgrrorming 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 īhg ÐanK bgligvgs 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 This rglgasg dogs noī consīiīuīg an orrgr or sgcuriīigs. "or rurīhgr prgss qugrigs plgasg gmail Sujiī Ganguli / KausiK Daīīa aī sujiī[email protected] / daīī[email protected] or corporaīg.communicaī[email protected] "or invgsīor qugrigs plgasg gmail AbhingK Ðhargava aī [email protected] or Niīgsh Kalanīri aī niīgsh.Kalanī[email protected] or [email protected] . Ṉ crorg = Ṉ0.0 million US$ amounīs rgprgsgnī convgnigncg īranslaīions aī US$Ṉ= Ÿ 85.76

View stock analysis, news, and events for Icici Bank Limited