Performance Review: Quarter ended September 30, 2025

• Profit before tax excluding treasury grew by 9.1% year-on-year to ₹ 16,164 crore (US$ 1.8 billion) in the quarter ended September 30, 2025 (Q2-2026)
• Core operating profit grew by 6.5% year-on-year to ₹ 17,078 crore (US$ 1.9 billion) in Q2-2026
• Profit after tax grew by 5.2% year-on-year to ₹ 12,359 crore (US$ 1.4 billion) in Q2-2026
• Average deposits grew by 9.1% year-on-year to ₹ 15,57,449 crore (US$ 175.4 billion) in Q2-2026
  • Average current account and savings account (CASA) ratio was 39.2% in Q2-2026
• Total period-end deposits grew by 7.7% year-on-year to ₹ 16,12,825 crore (US$ 181.6 billion) at September 30, 2025
• Domestic loan portfolio grew by 10.6% year-on-year to ₹ 13,75,260 crore (US$ 154.9 billion) at September 30, 2025
• Net NPA ratio was 0.39% at September 30, 2025
• Including profits for the six months ended September 30, 2025 (H1-2026), total capital adequacy ratio was 17.00% and CET-1 ratio was 16.35%, on a standalone basis, at September 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 September 30, 2025 (Q2-2026). 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 September 30, 2025.

  Profit & loss account

• Profit before tax excluding treasury grew by 9.1% year-on-year to ₹ 16,164 crore (US$ 1.8 billion) in Q2-2026 from ₹ 14,810 crore (US$ 1.7 billion) in the quarter ended September 30, 2024 (Q2-2025)

• Core operating profit grew by 6.5% year-on-year to ₹ 17,078 crore (US$ 1.9 billion) in Q2-2026 from ₹ 16,043 crore (US$ 1.8 billion) in Q2-2025

• Net interest income (NII) increased by 7.4% year-on-year to ₹ 21,529 crore (US$ 2.4 billion) in Q2-2026 from ₹ 20,048 crore (US$ 2.3 billion) in Q2-2025. Net interest margin was 4.30% in Q2-2026

• Non-interest income, excluding treasury, increased by 13.2% year-on-year to ₹ 7,356 crore (US$ 828 million) in Q2-2026 from ₹ 6,496 crore (US$ 732 million) in Q2-2025

• Fee income grew by 10.1% year-on-year to ₹ 6,491 crore (US$ 731 million) in Q2-2026 from ₹ 5,894 crore (US$ 664 million) in Q2-2025. Fees from retail, rural and business banking customers constituted about 78% of total fees in Q2-2026

• Treasury income was ₹ 220 crore (US$ 25 million) in Q2-2026 as compared to ₹ 680 crore (US$ 77 million) in Q2-2025

• Provisions (excluding provision for tax) were ₹ 914 crore (US$ 103 million) in Q2-2026 compared to ₹ 1,233 crore (US$ 139 million) in Q2-2025 and ₹ 1,815 crore (US$ 204 million) in Q1-2026

• Profit before tax grew by 5.8% year-on-year to ₹ 16,384 crore (US$ 1.8 billion) in Q2-2026 from ₹ 15,490 crore (US$ 1.7 billion) in Q2-2025

• Profit after tax grew by 5.2% year-on-year to ₹ 12,359 crore (US$ 1.4 billion) in Q2-2026 from ₹ 11,746 crore (US$ 1.3 billion) in Q2-2025

Crgdiī growīh

The net domestic advances grew by 10.6% year-on-year and 3.3% sequentially at September 30, 2025. The retail loan portfolio grew by 6.6% year-on-year and 2.6% sequentially, and comprised 52.1% of the total loan portfolio at September 30, 2025. Including non-fund outstanding, the retail portfolio was 42.9% of the total portfolio at September 30, 2025. The business banking portfolio grew by 24.8% year-on-year and 6.5% sequentially at September 30, 2025. The rural portfolio declined by 1.3% year-on-year and grew by 0.8% sequentially at September 30, 2025. The domestic corporate portfolio grew by 3.5% year-on-year and 1.0% sequentially at September 30, 2025. Total advances increased by 10.3% year-on-year and 3.2% sequentially to ₹ 14,08,456 crore (US$ 158.6 billion) at September 30, 2025.

Dgposiī growīh

Average deposits increased by 9.1% year-on-year and 1.6% sequentially to ₹ 15,57,449 crore (US$ 175.4 billion) in Q2-2026. Average current account deposits increased by 12.6% year-on-year and 1.6% sequentially in Q2-2026. Average savings account deposits increased by 8.5% year-on-year and 3.2% sequentially in Q2-2026. Total period-

end deposits increased by 7.7% year-on-year to ₹ 16,12,825 crore (US$ 181.6 billion) at September 30, 2025 (₹ 16,08,517 crore (US$ 181.2 billion) at June 30, 2025).

With the addition of 263 branches during H1-2026, the Bank had a network of 7,246 branches and 10,610 ATMs s cash recycling machines at September 30, 2025.

Assgī qualiīQ

The gross NPA ratio was 1.58% at September 30, 2025 compared to 1.67% at June 30,

2025 and 1.97% at September 30, 2024. The net NPA ratio was 0.39% at September 30,

2025 compared to 0.41% at June 30, 2025 and 0.42% at September 30, 2024. The gross NPA additions were ₹ 5,034 crore (US$ 567 million) in Q2-2026 compared to ₹ 6,245 crore (US$ 703 million) in Q1-2026 and ₹ 5,073 crore (US$ 571 million) in Q2-2025. Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 3,648 crore (US$ 411 million) in Q2-2026 compared to ₹ 3,211 crore (US$ 362 million) in Q1-2026 and ₹ 3,319 crore (US$ 374 million) in Q2-2025. The net additions to gross NPAs, excluding write-offs and sale, were ₹ 1,386 crore (US$ 156 million) in Q2-2026 compared to ₹ 3,034 crore (US$ 342 million) in Q1-2026 and ₹ 1,754 crore (US$ 198 million) in Q2-2025. The Bank has written-off gross NPAs amounting to ₹ 2,263 crore (US$ 255 million) in Q2-2026. The provisioning coverage ratio on non-performing loans was 75.0% at September 30, 2025.

Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 1,624 crore (US$ 183 million) or about 0.1% of total advances at September 30, 2025 compared to ₹ 1,788 crore (US$ 201 million) at June 30, 2025 and ₹ 2,546 crore (US$ 287 million) at September 30, 2024.

The loan and non-fund based outstanding to performing corporate borrowers rated BB and below was ₹ 3,661 crore (US$ 412 million) at September 30, 2025 compared to ₹ 2,995 crore (US$ 337 million) at June 30, 2025 and ₹ 3,386 crore (US$ 381 million) at September 30, 2024. The increase during the quarter was due to upgrade of certain borrowers having non-fund outstanding from non-performing to performing status.

At September 30, 2025, the Bank holds total provisions, other than specific provisions on fund-based outstanding to borrowers classified as non-performing, amounting to

₹ 22,620 crore (US$ 2.5 billion) or 1.6% 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 the six months ended September 30, 2025 (H1-2026), the Bank's total capital adequacy ratio at September 30, 2025 was 17.00% and CET-1 ratio was 16.35% compared to the minimum regulatory requirements of 11.70% and 8.20% respectively.

Consolidaīgd rgsulīs

The consolidated profit after tax increased by 3.2% year-on-year to ₹ 13,357 crore (US$ 1.5 billion) in Q2-2026 from ₹ 12,948 crore (US$ 1.5 billion) in Q2-2025.

Consolidated assets grew by 6.8% year-on-year to ₹ 26,86,485 crore (US$ 302.6 billion) at September 30, 2025 from ₹ 25,16,512 crore (US$ 283.4 billion) at September 30, 2024.

The annualised premium equivalent of ICICI Prudential Life Insurance (ICICI Life) was

₹ 4,286 crore (US$ 483 million) in H1-2026 compared to ₹ 4,467 crore (US$ 503 million) in H1-2025. Value of New Business (VNB) of ICICI Life was ₹ 1,049 crore (US$ 118 million) in H1-2026 compared to ₹ 1,058 crore (US$ 119 million) in H1-2025. The VNB margin was 24.5% in H1-2026 compared to 22.8% in FY2025 and 23.7% in H1-2025. The profit after tax increased to ₹ 299 crore (US$ 34 million) in Q2-2026 from ₹ 252 crore (US$ 28 million) in Q2-2025.

The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) was ₹ 6,596 crore (US$ 743 million) in Q2-2026 compared to ₹ 6,721 crore (US$ 757 million) in Q2-2025. The combined ratio stood at 105.1% in Q2-2026 compared to 104.5% in Q2-2025. Excluding the impact of CAT losses of ₹ 73 crore (US$ 8 million) in Q2-2026 and ₹ 94 crore (US$ 11 million) in Q2-2025, the combined ratio was 103.8% and 102.6% respectively. The profit after tax of ICICI General grew by 18.1% to ₹ 820 crore (US$ 92 million) in Q2-2026 compared to ₹ 694 crore (US$ 78 million) in Q2-2025. With effect from October 1, 2024, long-term products are accounted on 1/n basis, as mandated by IRDAI, hence Q2-2026 numbers are not fully comparable with prior periods.

The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, was

₹ 835 crore (US$ 94 million) in Q2-2026 compared to ₹ 694 crore (US$ 78 million) in Q2-2025.

The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 425 crore (US$ 48 million) in Q2-2026 compared to ₹ 529 crore (US$ 60 million) in Q2-2025.

The profit after tax of ICICI Home Finance, as per Ind AS, was ₹ 203 crore (US$ 23 million) in Q2-2026 compared to ₹ 183 crore (US$ 21 million) in Q2-2025.

₹ crore

1. Excluding īreasury
2. The Bank, on a prudenī basis, conīinues īo hold provision againsī īhe securiīy receipīs guaranīeed by īhe Governmenī, which will be reversed on acīual receipī of recoveries or approval of claims, if any.
3. Prior period numbers have been re-arranged wherever necessary