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Icici Bank
(NYSE:IBN)
Icici Bank (IBN) vs. SPDR S&P 500 ETF (SPY)
Icici Bank Business Overview & Revenue Model
Icici Bank Earnings Call Summary
Icici Bank Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.95T | 2.95T | 1.43T | 1.85T | 1.58T | 1.61T |
| Gross Profit | 2.01T | 2.01T | 1.43T | 1.29T | 989.30B | 964.98B |
| EBITDA | 986.96B | 1.65T | 635.04B | 488.90B | 280.08B | 218.35B |
| Net Income | 510.29B | 510.29B | 442.56B | 340.37B | 251.10B | 183.84B |
Balance Sheet | ||||||
| Total Assets | 26.42T | 26.42T | 23.64T | 19.58T | 17.53T | 15.74T |
| Cash, Cash Equivalents and Short-Term Investments | 2.14T | 2.14T | 1.90T | 1.64T | 2.14T | 1.82T |
| Total Debt | 2.19T | 2.19T | 2.01T | 1.84T | 1.59T | 1.40T |
| Total Liabilities | 23.13T | 23.13T | 20.94T | 17.37T | 15.65T | 14.07T |
| Stockholders Equity | 3.14T | 3.14T | 2.56T | 2.14T | 1.82T | 1.58T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -800.22B | 1.54T | -62.39B | 562.51B | 1.36T |
| Operating Cash Flow | 0.00 | -752.52B | 1.57T | -37.71B | 581.11B | 1.38T |
| Investing Cash Flow | 0.00 | -772.88B | -1.46T | -680.05B | -393.21B | -629.87B |
| Financing Cash Flow | 0.00 | 2.04T | 2.47T | 247.91B | 174.51B | -546.67B |
Icici Bank Technical Analysis
Icici Bank Risk Analysis
Icici Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | 80.94B | 14.04 | 10.82% | 3.16% | 3.60% | 22.68% | |
73 Outperform | 74.21B | 10.39 | 20.54% | 6.49% | 5.44% | 2.81% | |
71 Outperform | 66.34B | 12.83 | 9.67% | 3.81% | 0.76% | -5.74% | |
71 Outperform | $113.70B | 18.20 | 17.47% | 0.80% | 17.32% | 12.99% | |
68 Neutral | 168.54B | 21.78 | 13.57% | 0.20% | 2.48% | 0.37% | |
65 Neutral | 82.16B | 14.05 | 0.00% | 2.36% | -2.22% | 24.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
Icici Bank Corporate Events
On September 12, 2025, ICICI Bank received approval from the Reserve Bank of India to increase its shareholding by up to 2% in its subsidiary, ICICI Prudential Asset Management Company Limited. This move is aimed at maintaining the bank’s majority shareholding in the subsidiary, ensuring compliance with applicable regulations, and potentially strengthening its position in the asset management industry.
ICICI Bank Limited held its Thirty-First Annual General Meeting (AGM) on August 30, 2025, via video conferencing. The meeting, chaired by Mr. Pradeep Kumar Sinha, included discussions on the adoption of financial statements, declaration of dividends, and re-appointments of directors and auditors. The bank also provided a remote e-voting facility for shareholders to participate in decision-making. The AGM concluded with the approval of various ordinary and special business items, reflecting the bank’s commitment to governance and shareholder engagement.
On August 30, 2025, ICICI Bank held its Thirty-First Annual General Meeting where the Managing Director and CEO, Mr. Sandeep Bakhshi, delivered a presentation. This event underscores the bank’s ongoing commitment to transparency and stakeholder engagement, potentially impacting its market perception and investor confidence.
On August 28, 2025, ICICI Bank announced the early retirement of Mr. Subir Saha, the Group Chief Compliance Officer, effective from the close of business on the same day. Mr. Anish Madhavan, an experienced senior management personnel with 29 years in banking and finance, has been appointed as the new GCCO effective August 29, 2025. This leadership change is expected to impact the bank’s compliance operations, given Mr. Madhavan’s extensive background in compliance and financial crime prevention.
On August 14, 2025, S&P Global Ratings upgraded ICICI Bank’s credit rating to ‘BBB/Stable/A-2’ from ‘BBB-/Positive/A-3’, reflecting improved economic conditions in India. This upgrade is part of a broader positive reassessment of India’s financial institutions following a sovereign credit rating upgrade, indicating a stable outlook for the bank and potential benefits from India’s economic growth and improved asset quality.
ICICI Bank Limited announced the details of its upcoming Thirty-First Annual General Meeting (AGM), scheduled for August 30, 2025, to be held via video conferencing. The AGM will address various resolutions, including the adoption of financial statements, declaration of dividends, re-appointments of directors and auditors, and revisions in executive remuneration. Additionally, several material related party transactions will be discussed, impacting the bank’s operations and strategic partnerships.
On August 8, 2025, ICICI Bank announced that the Reserve Bank of India (RBI) imposed a monetary penalty of ₹75 lakhs on the bank. The penalty was due to the bank’s failure to conduct property valuations by independent valuers in certain mortgage loans and for maintaining certain current accounts against regulatory requirements. This penalty, issued under the Banking Regulation Act, 1949, highlights regulatory compliance challenges for ICICI Bank, potentially impacting its operational procedures and stakeholder trust.
On August 5, 2025, ICICI Bank announced changes in its senior management personnel. Mr. B. Prasanna and Ms. Anubhuti Sanghai will transition to ICICI Group companies, while Mr. Sanjay Singhvi will retire early on August 14, 2025. Additionally, Mr. Shailendra Jhingan will join as a senior management personnel starting August 6, 2025. These changes reflect the bank’s ongoing efforts to optimize its leadership structure and potentially enhance its strategic positioning within the industry.
On August 1, 2025, ICICI Bank received an appeal order from the Maharashtra Goods and Service Tax Department, which upheld a tax demand of ₹26,12,07,438 along with an equivalent penalty and interest. The bank is currently evaluating the order and plans to contest it through further appeals within the prescribed timelines, indicating ongoing legal proceedings that could impact its financial obligations and regulatory compliance.
On July 25, 2025, ICICI Bank Limited filed its annual report in Form 20-F for the fiscal year ending March 31, 2025, with the U.S. Securities and Exchange Commission. The report highlights the bank’s financial performance, showing an increase in consolidated profit after tax under Indian GAAP from Rs. 44,256 crore in FY2024 to Rs. 51,029 crore in FY2025. However, under U.S. GAAP, the consolidated net income decreased from Rs. 61,376 crore in FY2024 to Rs. 51,354 crore in FY2025. The report also details the differences in accounting standards between Indian GAAP and U.S. GAAP, impacting the bank’s financial statements and stakeholders’ understanding of its financial health.
ICICI Bank announced that the audio recordings of its financial results call for the quarter ended June 30, 2025, with media, analysts, and investors, have been made available on its website. This move aims to enhance transparency and provide stakeholders with easy access to the bank’s financial performance details.
ICICI Bank Limited has announced that it has uploaded transcripts of its recent media conference call and earnings call with analysts and investors on its financial results for the quarter ended June 30, 2025. These transcripts are available on the bank’s website, providing stakeholders with insights into the bank’s financial performance and strategic direction. This disclosure under the Indian Listing Regulations reflects the bank’s commitment to transparency and effective communication with its stakeholders.
On July 25, 2025, ICICI Bank announced that it has redeemed all residual units held by ICICI Group entities in India Advantage Fund III and IV, which were previously considered associates of the bank. This move signifies a strategic shift as these funds cease to be associated with ICICI Bank, potentially impacting its investment portfolio and stakeholder relationships.
ICICI Bank Limited has announced the release of its investor presentation for the financial results of the quarter ended June 30, 2025. The presentation, which will be discussed during an earnings call with analysts and investors, has been made available on the bank’s website. This disclosure is part of the bank’s compliance with Indian listing regulations and provides stakeholders with insights into the bank’s financial performance and strategic direction.
On July 19, 2025, ICICI Bank’s Board of Directors approved the unaudited financial results for the quarter ending June 30, 2025, and announced the acquisition of ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) to become a wholly-owned subsidiary. This acquisition, subject to regulatory approvals, aims to enhance the bank’s resources and capitalize on synergies with ICICI PFM, aligning with the bank’s Customer 360 focus.
On July 15, 2025, S&P Global Ratings affirmed ICICI Bank’s credit ratings at ‘BBB-/Positive/A-3’ and upgraded its stand-alone credit profile from ‘bbb+’ to ‘a-‘. This reflects the bank’s improved funding profile, strong market position, and digital capabilities, which are expected to help it gain market share and sustain improvements in its funding base over the next two years. Despite potential marginal deterioration in asset quality, ICICI is expected to maintain better asset quality than the Indian sector average, supported by stable funding sources and a strong liquidity position.
ICICI Bank announced that it will host a conference call with media and an earnings call with analysts and investors on July 19, 2025, to discuss its financial results for the quarter ended June 30, 2025. The calls are expected to provide insights into the bank’s quarterly performance, potentially impacting stakeholders’ perceptions and the bank’s market positioning.
On June 27, 2025, ICICI Bank’s Board of Directors approved several key decisions, including the acquisition of an additional 2% stake in ICICI Prudential Asset Management Company to maintain its majority shareholding. This move is part of the bank’s strategy to secure its position in the asset management sector. Additionally, the bank announced its Thirty-first Annual General Meeting scheduled for August 30, 2025, and the appointment of M/s. Parikh Parekh & Associates as Secretarial Auditor for five years. An amendment to the ADR Deposit Agreement was also approved, granting voting rights to registered ADS holders, pending regulatory approval. These developments are expected to strengthen ICICI Bank’s operational framework and enhance shareholder engagement.
On June 27, 2025, ICICI Bank Limited announced the successful allotment of 1,000 unsecured, subordinated, non-convertible Tier 2 bonds, raising ₹10,000 million. These bonds, rated ‘AAA; Stable’ by CARE Ratings and ICRA, are set to mature in 2040, with a coupon rate of 7.45%, and are listed on the National Stock Exchange of India. This move is part of the bank’s strategic efforts to strengthen its capital base under Basel III norms, potentially enhancing its competitive position in the financial market.
ICICI Bank has announced that its Board of Directors will meet on July 19, 2025, to review and approve the unaudited financial results for the quarter ending June 30, 2025. In compliance with regulatory requirements, the trading window for the bank’s securities will be closed for designated persons and their immediate relatives from July 1 to July 28, 2025, to prevent insider trading.
ICICI Bank announced on June 16, 2025, that it received approval from the Reserve Bank of India for the reappointment of Mr. Sandeep Batra as Executive Director for a two-year term starting December 23, 2025. This reappointment is pending shareholder approval and signifies continuity in leadership, which may positively impact the bank’s strategic direction and stakeholder confidence.