ICICI Bank Limited
CIN-L65190GJ1994PLC021012
Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara - 390 007, Gujarat, Phone: 0265-6722239 Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai - 400 051, Maharashtra, Phone: 022-4008 8900 Website: https://www.icicibank.com, Email: companysecretary@icicibank.com
STANDALONE FINANCIAL RESULTS
(₹ in crore)
Sr. no. | Particulars | Three months ended Six months ended | Year ended | ||||||
September 30, 2025 (Ǫ2-2026) | June 30, 2025 (Ǫ1-2026) | September 30, 2024 (Ǫ2-2025) | September 30, 2025 (H1-2026) | September 30, 2024 (H1-2025) | March 31, 2025 (FY2025) | ||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||||
1. | Interest earned (a)+(b)+(c)+(d) | 41,757.95 | 42,946.91 | 40,537.38 | 84,704.86 | 79,533.16 | 163,263.78 | ||
a) | Interest/discount on advances/bills | 32,183.68 | 32,542.92 | 31,426.45 | 64,726.60 | 61,534.99 | 126,404.72 | ||
b) | Income on investments | 8,459.54 | 8,712.84 | 8,311.33 | 17,172.38 | 16,467.91 | 32,980.23 | ||
c) | Interest on balances with Reserve Bank of India and other inter-bank funds | 646.99 | 767.40 | 517.11 | 1,414.39 | 960.11 | 2,155.82 | ||
d) | Others | 467.74 | 923.75 | 282.49 | 1,391.49 | 570.15 | 1,723.01 | ||
2. | Other income | 7,575.54 | 8,504.90 | 7,176.66 | 16,080.44 | 14,178.58 | 28,506.70 | ||
3. | TOTAL INCOME (1)+(2) | 49,333.49 | 51,451.81 | 47,714.04 | 100,785.30 | 93,711.74 | 191,770.48 | ||
4. | Interest expended | 20,228.49 | 21,312.45 | 20,489.40 | 41,540.94 | 39,932.27 | 82,099.34 | ||
5. | Operating expenses (e)+(f) | 11,807.04 | 11,393.52 | 10,501.46 | 23,200.56 | 21,031.45 | 42,372.32 | ||
e) | Employee cost | 4,341.84 | 4,743.08 | 4,136.14 | 9,084.92 | 8,506.65 | 16,540.88 | ||
f) | Other operating expenses | 7,465.20 | 6,650.44 | 6,365.32 | 14,115.64 | 12,524.80 | 25,831.44 | ||
6. | TOTAL EXPENDITURE EXCLUDING PROVISIONS AND CONTINGENCIES (4)+(5) | 32,035.53 | 32,705.97 | 30,990.86 | 64,741.50 | 60,963.72 | 124,471.66 | ||
7. | OPERATING PROFIT BEFORE PROVISIONS AND CONTINGENCIES (3)-(6) | 17,297.96 | 18,745.84 | 16,723.18 | 36,043.80 | 32,748.02 | 67,298.82 | ||
8. | Provisions (other than tax) and contingencies | 914.11 | 1,814.57 | 1,233.09 | 2,728.68 | 2,565.27 | 4,682.62 | ||
9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX (7)-(8) | 16,383.85 | 16,931.27 | 15,490.09 | 33,315.12 | 30,182.75 | 62,616.20 | ||
10. | Exceptional items | .. | .. | .. | .. | .. | .. | ||
11. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX (9)-(10) | 16,383.85 | 16,931.27 | 15,490.09 | 33,315.12 | 30,182.75 | 62,616.20 | ||
12. | Tax expense (g)+(h) | 4,024.96 | 4,163.06 | 3,744.21 | 8,188.02 | 7,377.76 | 15,389.21 | ||
g) | Current tax | 3,732.30 | 3,933.85 | 3,306.43 | 7,666.15 | 6,632.99 | 14,588.49 | ||
h) | Deferred tax | 292.66 | 229.21 | 437.78 | 521.87 | 744.77 | 800.72 | ||
13. | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)-(12) | 12,358.89 | 12,768.21 | 11,745.88 | 25,127.10 | 22,804.99 | 47,226.99 | ||
14. | Extraordinary items (net of tax expense) | .. | .. | .. | .. | .. | .. | ||
15. | NET PROFIT FOR THE PERIOD (13)-(14) | 12,358.89 | 12,768.21 | 11,745.88 | 25,127.10 | 22,804.99 | 47,226.99 | ||
16. | Paid-up equity share capital (face value ₹ 2 each) | 1,428.95 | 1,427.32 | 1,409.45 | 1,428.95 | 1,409.45 | 1,424.60 | ||
17. | Reserves excluding revaluation reserves | 284,843.68 | |||||||
18. | Analytical ratios | ||||||||
i) | Percentage of shares held by Government of India | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | ||
ii) | Capital adequacy ratio (Basel III) | 15.76% | 16.31% | 15.35% | 15.76% | 15.35% | 16.55% | ||
iii) | Earnings per share (EPS) | ||||||||
a) | Basic EPS before and after extraordinary items, net of tax expense (not annualised) (in ₹) | 17.31 | 17.91 | 16.68 | 35.22 | 32.42 | 67.01 | ||
b) | Diluted EPS before and after extraordinary items, net of tax expense (not annualised) (in ₹) | 17.06 | 17.63 | 16.40 | 34.69 | 31.86 | 65.89 | ||
19. | NPA Ratio1 | ||||||||
i) | Gross non-performing customer assets (net of write-off) | 23,849.66 | 24,732.65 | 27,121.15 | 23,849.66 | 27,121.15 | 24,166.18 | ||
ii) | Net non-performing customer assets | 5,827.00 | 5,971.09 | 5,685.14 | 5,827.00 | 5,685.14 | 5,589.41 | ||
iii) | % of gross non-performing customer assets (net of write-off) to gross customer assets | 1.58% | 1.67% | 1.97% | 1.58% | 1.97% | 1.67% | ||
iv) | % of net non-performing customer assets to net customer assets | 0.39% | 0.41% | 0.42% | 0.39% | 0.42% | 0.39% | ||
20. | Return on assets (annualised) | 2.36% | 2.44% | 2.40% | 2.40% | 2.38% | 2.41% | ||
21. | Net worth2 | 301,627.90 | 296,601.72 | 250,418.12 | 301,627.90 | 250,418.12 | 282,055.56 | ||
22. | Outstanding redeemable preference shares | .. | .. | .. | .. | .. | .. | ||
23. | Capital redemption reserve | 350.00 | 350.00 | 350.00 | 350.00 | 350.00 | 350.00 | ||
24. | Debt-equity ratio3 | 0.19 | 0.18 | 0.27 | 0.19 | 0.27 | 0.21 | ||
25. | Total debts to total assets4 | 5.23% | 5.51% | 6.30% | 5.23% | 6.30% | 5.83% | ||
Customer assets consist of advances and credit substitutes. At September 30, 2025, the percentage of gross non-performing advances (net of write-off) to gross advances was 1.64% (June 30, 2025: 1.75%, March 31, 2025: 1.73%, September 30, 2024: 2.04%) and net non-performing advances to net advances was 0.41% (June 30, 2025: 0.44%, March 31, 2025:
0.42%, September 30, 2024: 0.45%).
Net worth is computed as per RBI Master Circular No. RBI/2015-16/70 DBR.No.Dir.BC.12/13.03.00/2015-16 on Exposure Norms dated July 1, 2015. Net worth also includes Available for Sale ('AFS') Reserve.
Debt represents borrowings with residual maturity of more than one year.
Total debts represents total borrowings of the Bank.
SUMMARISED STANDALONE BALANCE SHEET
(₹ in crore)
Particulars | At | |||
September 30, 2025 | June 30, 2025 | March 31, 2025 | September 30, 2024 | |
(Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |
Capital and Liabilities | ||||
Capital | 1,428.95 | 1,427.32 | 1,424.60 | 1,409.45 |
Employees stock options/units outstanding | 2,317.13 | 2,142.54 | 2,069.84 | 1,650.74 |
Reserves and surplus | 307,696.39 | 302,750.67 | 288,581.86 | 256,479.80 |
Deposits | 1,612,824.94 | 1,608,517.32 | 1,610,348.02 | 1,497,760.67 |
Borrowings (includes subordinated debt) | 111,818.38 | 117,095.27 | 123,538.26 | 124,492.93 |
Other liabilities and provisions | 100,184.75 | 91,905.85 | 92,277.39 | 95,064.64 |
Total Capital and Liabilities | 2,136,270.54 | 2,123,838.97 | 2,118,239.97 | 1,976,858.23 |
Assets | ||||
Cash and balances with Reserve Bank of India | 79,471.64 | 96,453.83 | 119,928.12 | 89,101.67 |
Balances with banks and money at call and short notice | 57,208.64 | 68,144.42 | 65,633.88 | 47,696.98 |
Investments | 499,591.99 | 507,706.63 | 504,756.74 | 479,098.46 |
Advances | 1,408,456.43 | 1,364,157.06 | 1,341,766.16 | 1,277,240.43 |
Fixed assets | 13,273.15 | 12,878.47 | 12,838.74 | 11,545.62 |
Other assets | 78,268.69 | 74,498.56 | 73,316.33 | 72,175.07 |
Total Assets | 2,136,270.54 | 2,123,838.97 | 2,118,239.97 | 1,976,858.23 |
STANDALONE CASH FLOW STATEMENTS
(₹ in crore)
Particulars | Period ended | |||
September 30, 2025 (H1-2026) | March 31, 2025 (FY2025) | September 30, 2024 (H1-2025) | ||
(Unaudited) | (Audited) | (Unaudited) | ||
Cash flow from/(used in) operating activities | ||||
Profit/(loss) before taxes | 33,315.12 | 62,616.20 | 30,182.75 | |
Adjustments for: | ||||
Depreciation and amortisation | 1,205.27 | 2,212.50 | 1,062.05 | |
Net (appreciation)/depreciation on investments | (346.48) | 125.67 | (1,308.88) | |
Provision in respect of non-performing and other assets | 3,142.17 | 4,016.24 | 3,014.21 | |
General provision for standard assets | 181.70 | 574.82 | 283.20 | |
Provision for contingencies G others | (84.51) | (755.92) | (102.63) | |
Employee Stock Options Expense | 501.02 | 790.15 | 407.73 | |
Income from subsidiaries and consolidated entities | (2,145.78) | (2,619.01) | (1,435.34) | |
(Profit)/loss on sale of fixed assets | (20.70) | (42.95) | (4.10) | |
(i) | 35,747.81 | 66,917.70 | 32,098.99 | |
Adjustments for: | ||||
(Increase)/decrease in investments | 17,653.05 | 36,998.74 | 36,849.47 | |
(Increase)/decrease in advances | (69,832.44) | (161,381.01) | (95,848.24) | |
Increase/(decrease) in deposits | 2,466.18 | 197,523.07 | 84,935.72 | |
(Increase)/decrease in other assets | (5,284.27) | (629.15) | 747.90 | |
Increase/(decrease) in other liabilities and provisions | 4,360.05 | (2,829.50) | (511.31) | |
(ii) | (50,637.43) | 69,682.15 | 26,173.54 | |
Refund/(payment) of direct taxes | (iii) | (4,277.25) | (14,243.34) | (6,320.75) |
Net cash flow from/(used in) operating activities (i)+(ii)+(iii) | (A) | (19,166.87) | 122,356.51 | 51,951.78 |
Cash flow from/(used in) investing activities | ||||
Redemption/sale from/(investments in) subsidiaries/joint ventures/associates (including application money) | 504.63 | (1,376.13) | (1,388.49) | |
Income from subsidiaries and consolidated entities | 2,145.78 | 2,619.01 | 1,435.34 | |
Purchase of fixed assets | (1,671.94) | (3,370.45) | (1,937.10) | |
Proceeds from sale of fixed assets | 19.92 | 59.63 | 41.05 | |
(Purchase)/sale of held-to-maturity securities | (12,195.71) | (67,513.87) | (46,348.48) | |
Net cash flow from/(used in) investing activities | (B) | (11,197.32) | (69,581.81) | (48,197.68) |
Cash flow from/(used in) financing activities | ||||
Proceeds from issue of share capital (including ESOPs/ESUSs) | 784.82 | 1,437.52 | 803.25 | |
Proceeds from long-term borrowings | 11,310.94 | 28,852.81 | 16,050.80 | |
Repayment of long-term borrowings | (18,775.28) | (31,671.94) | (18,452.11) | |
Net proceeds/(repayment) of short-term borrowings | (4,300.43) | 1,127.30 | 1,732.45 | |
Dividend paid | (7,853.15) | (7,041.26) | (7,041.27) | |
Net cash flow from/(used in) financing activities | (C) | (18,833.10) | (7,295.57) | (6,906.88) |
Effect of exchange fluctuation on translation reserve | (D) | 315.57 | 156.86 | 25.42 |
Net increase/(decrease) in cash and cash equivalents (A) + (B) + (C) + (D) | (48,881.72) | 45,635.99 | (3,127.36) | |
Cash and cash equivalents at beginning of the year | 185,562.00 | 139,926.01 | 139,926.01 | |
Cash and cash equivalents at end of the period/year | 136,680.28 | 185,562.00 | 136,798.65 | |
Cash and cash equivalents include cash in hand, foreign currency notes, rupee digital currency, balances with RBI, balances with other banks and money at call and short notice.
Notes on standalone finanical results:
The above standalone financial results have been approved by the Board of Directors at its meeting held on October 18, 2025.
The standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 "Interim Financial Reporting" ('AS 25'), prescribed under Section 133 of the Companies Act, 2013, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ("RBI") from time to time and other accounting principles generally accepted in India, and are in compliance with the presentation and disclosure requirements of the Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations") as amended including relevant circulars issued by SEBI from time to time.
Details of resolution plans implemented under the Resolution Framework for Covid-19 related stress as per RBI circular dated August 6, 2020 (Resolution Framework 1.0) and May 5, 2021 (Resolution Framework 2.0) at September 30, 2025 are given below:
(₹ in crore)
Type of Borrower
Exposure to accounts classified as Standard consequent to implementation of resolution plan -Position as at the end of March 31, 2025 (A)
Of (A),
aggregate debt that slipped into NPA during H1-20261
Of (A)
amount written off
during H1-2026
Of (A)
amount paid by the
borrowers during H1-20262
Exposure to accounts classified as Standard consequent to implementation of resolution plan - September 30, 2025
Personal Loans3
933.19
15.28
0.54
101.36
816.55
Corporate persons4
578.09
..
..
62.69
515.40
Of which, MSMEs
..
..
..
..
..
Others
292.22
0.51
0.34
39.29
252.42
Total
1,803.50
15.79
0.88
203.34
1,584.37
Includes cases which have been written off during the period
Net of increase in exposure during the period.
Includes various categories of retail loans.
As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016.
At September 30, 2025, the Bank holds contingency provision of ₹ 13,100.00 crore (June 30, 2025, March 31, 2025 and September 30, 2024: ₹ 13,100.00 crore).
Details of loans sold/acquired by the Bank as per RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 are given below:
Loans not in default
Details of loans not in default sold/acquired under assignment/participation during six months ended September 30, 2025:
(₹ in crore)
Particulars
Loans
acquired
Loans sold
Amount of loan
3,808.02
1,235.31
Weighted average residual maturity (in years)
9.99
5.15
Weighted average holding period of the originator (in years)
1.02
3.42
Retention of beneficial economic interest by the originator
423.11
2,990.16
Tangible security coverage (times)
1.70
1.84
In addition, the Bank has acquired facilities amounting to ₹ 312.97 crore and has sold facilities amounting to ₹ 749.03 crore during six months ended September 30, 2025 through novation.
The Bank has not acquired any loan through risk participation in secondary market.
The disclosure includes loans acquired through buyout similar to direct assignment.
Details of rating-wise distribution of the loans sold/acquired under assignment during six months ended September 30, 2025:
(₹ in crore)
Rating
Loans
acquired
Loans sold
Ind A-, A+, AA+
..
150.00
Crisil A, A+, AA, AA+, A-
..
21.97
Crisil BBB+, BBB-, BBB
..
166.27
Infomerics AA-
..
100.00
Excluding retail and other unrated loans.
Stressed loans (NPA and Special Mention Accounts)
Details of stressed loans classified as NPA sold by the Bank during six months ended September 30, 2025:
(₹ in crore)
Particulars
To ARCs
To permitted
transferees
Number of accounts
41
..
Aggregate principal outstanding of loans transferred2
113.47
..
Weighted average residual tenor of the loans transferred3
..
..
Net book value of loans transferred (at the time of transfer)2
19.94
..
Aggregate consideration
119.70
..
Additional consideration realised in respect of accounts transferred in earlier years
140.26
..
Excess provision reversed in profit and loss account on account of sale of NPAs to ARCs was ₹ 99.76 crore and no amount was transferred to other permitted transferees.
Net of write-off.
For NPAs, the Bank issues loan recall notice and initiates legal proceedings for recovery, due to which the weighted average residual tenor is not applicable.
The Bank has not sold/acquired loans classified as Special Mention Account during six months ended September 30, 2025.
The Bank has not acquired non-performing loans during six months ended September 30, 2025.
Details of rating-wise distribution of SRs held by the Bank at September 30, 2025:
(₹ in crore)
Rating
NAV estimate %
Carrying
value1
RR1
Above 100%
..
RR2
Above 75% upto 100%
176.61
RR3
Above 50% upto 75%
..
RR4
Above 25% upto 50%
..
RR5
Upto 25%
618.44
Total
795.05
Amount represents net of provisions.
Further, the Bank holds marked-to-market loss of ₹ 366.09 crore and additional provision of ₹ 428.96 crore.
The Bank, on a prudent basis, continues to hold provision against the security receipts guaranteed by Government of India which will be reversed on actual receipt of recoveries or approval of claims, if any, by the Government.
During FY2025, pursuant to the Scheme of Arrangement amongst ICICI Bank Limited and ICICI Securities Limited and their respective shareholders ('the Scheme'), ICICI Securities Limited has been delisted from stock exchanges on March 24, 2025 and became a wholly-owned subsidiary of the Bank. The Bank issued 56,008,117 equity shares of the Bank of face value ₹ 2 each in accordance with the Scheme to the public shareholders of ICICI Securities Limited. In accordance with the Scheme, the Bank recognised a securities premium of ₹ 6,887.60 crore based on the market price of equity shares (at effective date) of the Bank. Further, pursuant to the Scheme, the Bank granted 2,960,270 options and 618,910 units to the employees of ICICI Securities Limited.
During Ǫ2-2026, the Bank has allotted 8,166,349 equity shares of ₹ 2 each pursuant to exercise of employee stock options/units.
Previous period/year figures have been re-grouped/re-classified where necessary to conform to current period classification.
The above standalone financial results have been reviewed/audited by the joint statutory auditors, B S R G Co. LLP, Chartered Accountants and C N K G Associates LLP, Chartered Accountants and issued unmodified conclusion/opinion thereon.
₹ 1.00 crore = ₹ 10.0 million.