Icici Bank (0A7M) Risk Analysis

Public companies are required to disclose risks that can affect the business and impact the stock. These disclosures are known as “Risk Factors”. Companies disclose these risks in their yearly (Form 10-K), quarterly earnings (Form 10-Q), or “foreign private issuer” reports (Form 20-F). Risk factors show the challenges a company faces. Investors can consider the worst-case scenarios before making an investment. TipRanks’ Risk Analysis categorizes risks based on proprietary classification algorithms and machine learning. Icici Bank disclosed 9 risk factors in its most recent earnings report. Icici Bank reported the most risks in the “Finance & Corporate” category.

Risk Overview Q1, 2026

Source: the company's latest filing for the period ended Mar 31, 2026, filed Jul 20, 2026

Risk Distribution

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Risk Change Over Time

Risks removedRisks addedRisks changedIcici Bank Risk Factors

New Risk (8)

Share Price & Shareholder Rights - Risk 1
Risks relating to ADSs and equity shares
·ADS holders may be restricted in their ability to exercise voting rights and your ability to withdraw equity shares from the depositary facility is subject to delays and legal restrictions. ·Your holdings may be diluted by additional issuances of equity, and any dilution may adversely affect the market prices of our equity shares and ADSs. ·You may be unable to exercise pre-emptive rights available to other shareholders. ·Your ability to sell in India any equity shares withdrawn from the depositary facility, the conversion of rupee proceeds from such sale into a foreign currency, and the repatriation of such foreign currency may be subject to delays if specific approval of the Reserve Bank of India is required. ·Restrictions on reissuance and deposit of equity shares in the depositary facility could adversely affect the price of our ADSs. ·Certain shareholders own a large percentage of our equity shares, and their actions could adversely affect the prices of our equity shares and ADSs. ·Conditions in the Indian securities market may adversely affect the price or liquidity of our equity shares and ADSs. ·Settlement of trades of equity shares on Indian stock exchanges may be subject to delays. ·Because the equity shares underlying ADSs are quoted in rupees in India, you may be subject to potential losses arising out of exchange rate risk on the Indian rupee. ·You may be subject to Indian taxes arising out of capital gains. ·There may be different company information available in Indian securities markets than in securities markets in the United States and the continued listing of our securities in US markets is subject to various considerations.
Share Price & Shareholder Rights - Risk 2
Major shareholders
Shareholding Structure and Relationship with the Government of India The following table sets forth, at June 30, 2026, certain information regarding the ownership of our equity shares. Percentage of Total Equity Shares Outstanding Number of Equity Shares Held Government-controlled Shareholders: Life Insurance Corporation of India 4.4 311,817,010 Other government-controlled institutions, insurance companies, reinsurers, corporations and banks 0.6 43,896,452 Total government-controlled shareholders 5.0 355,713,462 Other Indian investors: SBI Mutual Fund 6.3 450,111,904 ICICI Prudential Mutual Fund 4.4 315,762,005 HDFC Mutual Fund 3.6 256,619,648 National Pension Scheme Trust 3.4 242,305,251 Nippon Life India Mutual Fund 2.5 182,635,211 UTI Mutual Fund 2.2 158,795,689 SBI Life Insurance Company Limited 1.4 102,408,001 Kotak Mutual Fund 1.2 86,519,523 Axis Mutual Fund 1.1 75,937,247 Aditya Birla Sun Life Mutual Fund 1.0 74,293,638 Other mutual funds and alternative investment funds 8.2 591,643,098 Private sector insurance companies other than SBI Life Insurance Company 2.2 154,537,762 Other private sector corporations and financial institutions 0.8 58,709,352 Investor education protection fund 0.2 11,072,239 Individual domestic investors(1),(2) 6.2 446,063,926 Total other Indian investors 44.7 3,207,414,494 Total Indian investors 49.7 3,563,127,956 Foreign investors: Deutsche Bank Trust Company Americas, as depositary for American Depositary Shares (ADS) holders 16.0 1,149,973,715 Government of Singapore 1.5 107,693,000 Government Pension Fund Global 1.4 102,293,052 Vanguard Total International Stock Index Fund 1.1 77,861,347 Vanguard Emerging Markets Stock Index Fund 1.0 73,733,631 Other foreign institutional investors, foreign banks, overseas corporate bodies, foreign companies, foreign nationals, foreign institutional investors and non-resident Indians(2) 29.3 2,098,933,043 Total foreign investors 50.3 3,610,487,788 Total 100.0 7,173,615,744 (1)Executive officers and directors (including non-executive directors) as a group held about 0.04% of ICICI Bank’s equity shares at June 30, 2026. (2)No single shareholder in this group owned 1.0% or more of ICICI Bank’s equity shares at June 30, 2026.

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Tech & Innovation (1)

Legal & Regulatory (1)

Production (2)

Macro & Political (2)

Risk Highlights Q1, 2026

Main Risk Category

Finance & Corporate

With 2 Risks

Number of Disclosed Risks

-54

From last report

S&P 500 Average: 32

Recent Changes

8Risks added

0Risks removed

0Risks changed

Since Mar 2026

Number of Risk Changed

-8

From last report

S&P 500 Average: 1

Risk Word Cloud

Risk Factors Full Breakdown - Total Risks 9

Share Price & Shareholder Rights2 | 22.2%

Share Price & Shareholder Rights - Risk 1Added
Risks relating to ADSs and equity shares
·ADS holders may be restricted in their ability to exercise voting rights and your ability to withdraw equity shares from the depositary facility is subject to delays and legal restrictions. ·Your holdings may be diluted by additional issuances of equity, and any dilution may adversely affect the market prices of our equity shares and ADSs. ·You may be unable to exercise pre-emptive rights available to other shareholders. ·Your ability to sell in India any equity shares withdrawn from the depositary facility, the conversion of rupee proceeds from such sale into a foreign currency, and the repatriation of such foreign currency may be subject to delays if specific approval of the Reserve Bank of India is required. ·Restrictions on reissuance and deposit of equity shares in the depositary facility could adversely affect the price of our ADSs. ·Certain shareholders own a large percentage of our equity shares, and their actions could adversely affect the prices of our equity shares and ADSs. ·Conditions in the Indian securities market may adversely affect the price or liquidity of our equity shares and ADSs. ·Settlement of trades of equity shares on Indian stock exchanges may be subject to delays. ·Because the equity shares underlying ADSs are quoted in rupees in India, you may be subject to potential losses arising out of exchange rate risk on the Indian rupee. ·You may be subject to Indian taxes arising out of capital gains. ·There may be different company information available in Indian securities markets than in securities markets in the United States and the continued listing of our securities in US markets is subject to various considerations.
Share Price & Shareholder Rights - Risk 2Added
Major shareholders
Shareholding Structure and Relationship with the Government of India The following table sets forth, at June 30, 2026, certain information regarding the ownership of our equity shares. Percentage of Total Equity Shares Outstanding Number of Equity Shares Held Government-controlled Shareholders: Life Insurance Corporation of India 4.4 311,817,010 Other government-controlled institutions, insurance companies, reinsurers, corporations and banks 0.6 43,896,452 Total government-controlled shareholders 5.0 355,713,462 Other Indian investors: SBI Mutual Fund 6.3 450,111,904 ICICI Prudential Mutual Fund 4.4 315,762,005 HDFC Mutual Fund 3.6 256,619,648 National Pension Scheme Trust 3.4 242,305,251 Nippon Life India Mutual Fund 2.5 182,635,211 UTI Mutual Fund 2.2 158,795,689 SBI Life Insurance Company Limited 1.4 102,408,001 Kotak Mutual Fund 1.2 86,519,523 Axis Mutual Fund 1.1 75,937,247 Aditya Birla Sun Life Mutual Fund 1.0 74,293,638 Other mutual funds and alternative investment funds 8.2 591,643,098 Private sector insurance companies other than SBI Life Insurance Company 2.2 154,537,762 Other private sector corporations and financial institutions 0.8 58,709,352 Investor education protection fund 0.2 11,072,239 Individual domestic investors(1),(2) 6.2 446,063,926 Total other Indian investors 44.7 3,207,414,494 Total Indian investors 49.7 3,563,127,956 Foreign investors: Deutsche Bank Trust Company Americas, as depositary for American Depositary Shares (ADS) holders 16.0 1,149,973,715 Government of Singapore 1.5 107,693,000 Government Pension Fund Global 1.4 102,293,052 Vanguard Total International Stock Index Fund 1.1 77,861,347 Vanguard Emerging Markets Stock Index Fund 1.0 73,733,631 Other foreign institutional investors, foreign banks, overseas corporate bodies, foreign companies, foreign nationals, foreign institutional investors and non-resident Indians(2) 29.3 2,098,933,043 Total foreign investors 50.3 3,610,487,788 Total 100.0 7,173,615,744 (1)Executive officers and directors (including non-executive directors) as a group held about 0.04% of ICICI Bank’s equity shares at June 30, 2026. (2)No single shareholder in this group owned 1.0% or more of ICICI Bank’s equity shares at June 30, 2026.

See a full breakdown of risk according to category and subcategory. The list starts with the category with the most risk. Click on subcategories to read relevant extracts from the most recent report.

FAQ

What are “Risk Factors”?

Risk factors are any situations or occurrences that could make investing in a company risky. The Securities and Exchange Commission (SEC) requires that publicly traded companies disclose their most significant risk factors. This is so that potential investors can consider any risks before they make an investment. They also offer companies protection, as a company can use risk factors as liability protection. This could happen if a company underperforms and investors take legal action as a result. It is worth noting that smaller companies, that is those with a public float of under $75 million on the last business day, do not have to include risk factors in their 10-K and 10-Q forms, although some may choose to do so.

How do companies disclose their risk factors?

Publicly traded companies initially disclose their risk factors to the SEC through their S-1 filings as part of the IPO process. Additionally, companies must provide a complete list of risk factors in their Annual Reports (Form 10-K) or (Form 20-F) for “foreign private issuers”. Quarterly Reports also include a section on risk factors (Form 10-Q) where companies are only required to update any changes since the previous report. According to the SEC, risk factors should be reported concisely, logically and in “plain English” so investors can understand them.

How can I use TipRanks risk factors in my stock research?

Use the Risk Factors tab to get data about the risk factors of any company in which you are considering investing. You can easily see the most significant risks a company is facing. Additionally, you can find out which risk factors a company has added, removed or adjusted since its previous disclosure. You can also see how a company’s risk factors compare to others in its sector. Without reading company reports or participating in conference calls, you would most likely not have access to this sort of information, which is usually not included in press releases or other public announcements. A simplified analysis of risk factors is unique to TipRanks.

What are all the risk factor categories?

TipRanks has identified 6 major categories of risk factors and a number of subcategories for each. You can see how these categories are broken down in the list below. 1. Financial & Corporate Accounting & Financial Operations - risks related to accounting loss, value of intangible assets, financial statements, value of intangible assets, financial reporting, estimates, guidance, company profitability, dividends, fluctuating results. Share Price & Shareholder Rights – risks related to things that impact share prices and the rights of shareholders, including analyst ratings, major shareholder activity, trade volatility, liquidity of shares, anti-takeover provisions, international listing, dual listing. Debt & Financing – risks related to debt, funding, financing and interest rates, financial investments. Corporate Activity and Growth – risks related to restructuring, M&As, joint ventures, execution of corporate strategy, strategic alliances. 2. Legal & Regulatory Litigation and Legal Liabilities – risks related to litigation/ lawsuits against the company. Regulation – risks related to compliance, GDPR, and new legislation. Environmental / Social – risks related to environmental regulation and to data privacy. Taxation & Government Incentives – risks related to taxation and changes in government incentives. 3. Production Costs – risks related to costs of production including commodity prices, future contracts, inventory. Supply Chain – risks related to the company’s suppliers. Manufacturing – risks related to the company’s manufacturing process including product quality and product recalls. Human Capital – risks related to recruitment, training and retention of key employees, employee relationships & unions labor disputes, pension, and post retirement benefits, medical, health and welfare benefits, employee misconduct, employee litigation. 4. Technology & Innovation Innovation / R&D – risks related to innovation and new product development. Technology – risks related to the company’s reliance on technology. Cyber Security – risks related to securing the company’s digital assets and from cyber attacks. Trade Secrets & Patents – risks related to the company’s ability to protect its intellectual property and to infringement claims against the company as well as piracy and unlicensed copying. 5. Ability to Sell Demand – risks related to the demand of the company’s goods and services including seasonality, reliance on key customers. Competition – risks related to the company’s competition including substitutes. Sales & Marketing – risks related to sales, marketing, and distribution channels, pricing, and market penetration. Brand & Reputation – risks related to the company’s brand and reputation. 6. Macro & Political Economy & Political Environment – risks related to changes in economic and political conditions. Natural and Human Disruptions – risks related to catastrophes, floods, storms, terror, earthquakes, coronavirus pandemic/COVID-19. International Operations – risks related to the global nature of the company. Capital Markets – risks related to exchange rates and trade, cryptocurrency.

Icici Bank risk analysis