ICICIBANK · NSE · Private Sector Bank
ICICI Bank Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear
low confidence
No valuation within 120 days; P/E 17.3 vs peers 8.7 (9th of 10); P/B 2.6 vs peers 1.6 (9th of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is ICICI Bank's share price today?
ICICI Bank last traded at ₹1,340.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.1% on the day, down 1.8% over a year. Its 52-week range is ₹1,188 to ₹1,480. The live price is in the app.
₹1,340.00
−1.1% today
−1.8% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range52% of the way up
Low ₹1,188High ₹1,480
What is ICICI Bank's market cap?
ICICI Bank's market capitalisation is about ₹9.73 lakh crore: what it would cost to buy every share at today's price. That makes it the 4th largest large cap company we cover.
₹9.7 L Cr
Large Cap4th largest large cap company
Share price₹1,340
×
Shares in issue726 crore
=
Market cap₹9.7 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: ICICIBANK
- ISIN
- INE090A01021
- Cap bucket
- Large Cap, 4th largest by market cap
- Industry (NSE)
- Financial Services › Banks › Private Sector Bank
- Listed since
- 1997
- Futures and options
- Traded
Is ICICI Bank overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 17.3 vs peers 8.7 (9th of 10); P/B 2.6 vs peers 1.6 (9th of 10).
Valuation
Latest price and trailing 12 months
P/E
17.28
vs peers 8.7 · 9th of 10
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
2.59
vs peers 1.6 · 9th of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹9.73 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
1.0%
vs peers 2.2% · 8th of 10
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
4.76
vs peers 2.4 · 7th of 8
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
1.09
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is ICICI Bank a quality business?
Quality score 79.6, 1st of 10 in its peer set; CLEAN on 18 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
79.6
vs peers 48.5 · 1st of 10
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
18 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin
4.5%
vs peers 2.8% · 2nd of 10
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
1.4%
vs peers 1.6% · 4th of 10
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
0.3%
vs peers 0.4% · 4th of 10
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
75.2%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
0.4%
vs peers 0.6% · 2nd of 10
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
39.8%
vs peers 48.5% · 2nd of 10
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
2.2%
vs peers 1.2% · 1st of 10
Profit as a share of average total assets. Learn more →
CET1 ratio
16.2%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
15.8%
vs peers 16.2% · 6th of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
11.4%
vs peers 12.0% · 6th of 10
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has ICICI Bank made money for shareholders?
Mixed: −1.8% over one year and +13.5% a year over five years.
Shareholder returns
5-year return
+13.5% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+1.7%1M
+0.3%3M
−3.9%6M
+0.3%1Y
−1.8%3Y
+13.0%5Y
+13.5%Does ICICI Bank pay a dividend?
Yes. ICICI Bank's dividend yield is 1.00% at the latest price; the last payout was ₹12.00 a share, ex-dividend 3 Aug 2026.
Dividends
Per share, by ex-dividend date
Dividend yield1.00%
The past 12 months' dividends as a share of today's price.
3 Aug 2026 · Final₹12.00
12 Aug 2025 · Final₹11.00
12 Aug 2024 · Final₹10.00
9 Aug 2023 · Final₹8.00
8 Aug 2022 · Final₹5.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is ICICI Bank growing?
Loan growth 15.8%; deposit growth 11.4%; revenue 3 years 18.8% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
15.8%
vs peers 16.2% · 6th of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
11.4%
vs peers 12.0% · 6th of 10
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
18.8% a year
vs peers 14.6% · 2nd of 10
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
15.8% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
14.1% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
22.6% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did ICICI Bank do last quarter?
ICICI Bank reported income of ₹79,689 Cr, up 6.0% on a year earlier and a net profit of ₹15,440 Cr, up 6.2% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹79,689 Cr
+6.0% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹15,440 Cr
+6.2% on a year earlier
What was left for shareholders after every cost and tax.
How does ICICI Bank compare with its peers?
Compared with 9 Banks (the industry, as the basic industry was too small); 9th of 10 on P/E; 1st of 10 on quality score.
Compared with 9 Banks (the industry, as the basic industry was too small)
9 companies
ICICI Bank against its peers
Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
ICICI Bank Ltd₹9.7 L Cr17.32.616.1%−1.8%
Peer median—8.71.614.0%+2.5%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns ICICI Bank?
ICICI Bank has no promoter holding; it is widely held.
Shareholding pattern
Latest filing, percent of shares
Promoters0.0%
The founders and controlling group.
Foreign institutions49.8%
Overseas funds investing through the FPI route.
Domestic institutions42.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds29.6%
Indian mutual fund schemes; part of domestic institutions.
Retail and others5.0%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about ICICI Bank?
39 analysts cover ICICI Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
39 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does ICICI Bank do and what is it sensitive to?
ICICI Bank Limited is a domestic and international commercial bank offering retail banking, wholesale banking, treasury services, and through subsidiaries, life insurance, general insurance, and asset management. Sensitive to: exchange rate movements (Rupee depreciation).
Business-model card
FY2025 · 63 verified
6Revenue
5Channels
4Regulators
6Reg. dependencies
6Sensitivities
6Costs
3Geographies
ICICI Bank Limited is a domestic and international commercial bank offering retail banking, wholesale banking, treasury services, and through subsidiaries, life insurance, general insurance, and asset management. It earns revenue from interest on loans and advances, fees on banking services, insurance premiums and claims, and treasury operations.
Revenue by segment
year ended March 31, 2025 (Consolidated)
Retail banking100.0%
Revenue engine
6 verified
Retail Banking
Segment results of ₹216,210.4 million in FY2025; includes credit cards, debit cards, third-party product distribution and associated costs; advances grew through Customer-360° approach targeting micromarkets
Wholesale Banking (18.8%)
Segment results of ₹215,646.3 million in FY2025; domestic wholesale banking advances grew by 14.3% year-on-year to ₹2,520.51 billion, accounting for 18.8% of net advances; serves large corporates, MNCs, financial institutions, PSUs, government entities
Treasury
Segment results of ₹187,607.3 million in FY2025; comprises entire investment and derivative portfolio of the Bank
3 more statements
Subsidiary ICICI Prudential Life Insurance Company Limited
Life insurance segment represents results of subsidiary; related party transaction represents 10.18% of Bank's annual consolidated turnover for FY2025
Subsidiary ICICI Lombard General Insurance Company Limited
General insurance segment represents results of subsidiary; related party transaction represents 3.73% of Bank's annual consolidated turnover for FY2025
International Business
Overseas advances were ₹307.85 billion at March 31, 2025, accounting for 2.3% of net advances; business centres in six overseas locations and representative offices in ten locations outside India
Customers & channels
5 verified
Retail customers through business centres
6,983 business centres at March 31, 2025 transformed into customer-oriented business centres serving full spectrum of retail offerings; branches act as fulcrum for coverage with deepened leadership presence in high-potential markets
Retail customers through digital channels (16.9%)
16,285 ATMs/Cash Recycling Machines and 1,058 Digital Service Kiosks at March 31, 2025; mobile and digital platforms offering DIY and DIFM journeys; digital retail banking business comprises 16.9% of total turnover
Corporate and wholesale clients
Served through relationship-led strategy aiming to build long-term partnerships; cross-functional teams deliver end-to-end integrated solutions across business lifecycle including trade, treasury, bonds and commercial papers placements
2 more statements
Multi-National Corporations (MNCs) and India-linked business
Overseas coverage of India-linked business leveraged as part of Customer-360° approach; established franchise among MNCs, real estate companies, IT & ITeS and new-age services companies
Cross-border trade ecosystem participants
Bank driving strategic transformation by leveraging digital innovation to streamline customer journeys, simplify transactions and enhance value creation at every stage of trade lifecycle; captures entire end-to-end lifecycle of trade transactions
Regulators
4 verified
Reserve Bank of India (RBI)
Governs banking operations through Master Circulars, Notifications and Guidelines; imposes penalties for regulatory non-compliance; RBI Cyber Security Framework and climate risk guidance apply; RBI policy rate and monetary policy stance affect interest income and liquidity
Securities and Exchange Board of India (SEBI)
Regulates listing obligations and disclosure requirements; material related-party transactions require prior shareholder approval by ordinary resolution per SEBI Listing Regulations 23(4); Cyber Security and Resilience Framework applies
Insurance Regulatory and Development Authority (IRDA)
Regulates insurance business of subsidiaries; IRDA Guidelines on Information and Cyber Security apply to Bank's risk governance framework
1 more statement
Overseas banking regulators
Bank complies with relevant local regulatory requirements in jurisdictions outside India where it operates; overseas banking regulatory body imposed penalty of ₹3.4 million on subsidiary for delayed/incorrect regulatory report submission
Regulatory dependencies
6 verified
RBI income recognition and asset classification norms
Interest income on non-performing assets recognized upon realisation rather than accrual; this timing difference affects reported net interest income and asset quality metrics material to capital adequacy
Priority sector lending certificate (PSLC) pricing
Bank pays premium for priority sector lending certificates and amortises cost over certificate period; fee income from PSLC sales amortised on straight-line basis; pricing impact on profitability depends on regulator-determined PSLC market rates
RBI monetary policy rate setting
RBI policy rate changes affect Bank's net interest margin directly; rate cuts reduce lending spreads; after holding steady for two years, MPC cut rate by 25 basis points in February 2025 to 6.25%, impacting future NIM trajectory
3 more statements
RBI regulatory reserve requirements and transfer pricing
Transfer pricing mechanism for funding business units adjusted for regulatory reserve requirements; changes in reserve requirements (e.g., CRR cut by 50 bps to 4% in December 2024) affect internal cost of funds and segment profitability
RBI Climate Risk Management Framework integration
Bank must integrate climate risk into risk management framework; physical and transition risks on lending portfolio require assessment and periodic review aligned with regulatory guidance; affects credit risk underwriting and portfolio monitoring
RBI cyber security and operational resilience standards
Bank must comply with RBI Cyber Security Framework and maintain operational resilience per regulatory requirements; 24x7 Security Operations Centre and policies based on RBI framework; non-compliance incurs penalties (₹10 million penalty imposed May 27, 2024)
Sensitivities
6 verified
Exchange rate movements (Rupee depreciation)
Rupee depreciation increases value of overseas assets and revenue in rupee terms; Rupee depreciated 2% from ₹83.40 per USD (March 29, 2024) to ₹85.46 per USD (March 31, 2025); also affects foreign currency deposits and derivative exposures
Credit growth slowdown in banking system
When sector credit growth decelerates, Bank's loan growth and asset base expand more slowly; non-food credit growth slowed to 11% in March 2025 from 16.3% in March 2024; directly affects retail and wholesale advances volume
Deposit growth deceleration
When deposit growth slows, Bank must compete more aggressively for funding, raising cost of deposits and compressing net interest margin; deposit growth moderated to 10.3% year-on-year in March 2025 from 12.9% in March 2024
3 more statements
Geopolitical risks and global tariff uncertainty
Volatile global environment driven by US tariffs and geopolitical tensions affects credit risk for corporate borrowers and overall economic growth; uncertain global trade environment poses challenges for wholesale customers and cross-border trade business
Inflation movements
Inflation trends affect RBI monetary policy stance and interest rates; inflation softened from 4.2% in January 2025 to 3.3% in March 2025, enabling RBI rate cuts; higher inflation could trigger rate hikes affecting margins and demand
Non-performing asset (NPA) ratio in banking system
Higher sector NPA ratios reflect economic stress; when Bank's NPA ratio rises above provision coverage, capital and profitability are pressured; gross NPA ratio of banking system declined to 2.6% at September 2024 from 2.8% at March 2024, but elevated levels would harm Bank
Cost inputs
6 verified
Employee compensation and retention
Employee expenses increased 9.2% to ₹165.41 billion in FY2025; comprises salary cost, performance bonus, performance-linked retention pay and retirement benefit provisions; salary cost driven by annual increments, promotions, and fair value accounting of employee stock options
Rent, taxes and lighting
Operating expense component; other administrative expenses include rent, taxes and lighting; branch and business centre network requires ongoing facility costs; cost pressure from expansion in high-potential markets
Technology infrastructure and depreciation
Bank investing in technology platforms, data centres, cybersecurity and observability systems; depreciation on property and leased assets totalled ₹25,972.0 million (FY2025); capital expenditure incurred during year ₹41,781.6 million for system resilience and scalability
3 more statements
Provisions for insurance business claims and benefits
Consolidated operating expenses include ₹225,451.2 million for claims and benefits paid pertaining to insurance business in FY2025 (vs. ₹78,282.3 million in FY2024); costs of general and life insurance subsidiaries flow through consolidated P&L
Direct marketing agency expenses
Direct marketing expenses totalled ₹24,057.5 million in FY2025 vs. ₹37,986.8 million in FY2024; relates to acquisition costs and customer engagement across retail and wholesale segments through business centres and digital channels
Insurance acquisition costs for insurance subsidiaries
Insurance acquisition costs are those costs that vary with and are primarily related to acquisition of insurance contracts; expensed in period incurred; material cost driver for life and general insurance subsidiaries
Geographies
3 verified
Domestic operations (India) (97.5%)
Comprises branches across India; generates ₹1,869,005.1 million revenue (97.5% of total) in FY2025; domestic assets ₹20,238,823.4 million at March 31, 2025 (95.8% of total); core market with micromarket-focused strategy and business centre expansion
Foreign operations (overseas and offshore) (2.5%)
Business centres in six overseas locations and representative offices in ten locations; overseas advances ₹307.85 billion (2.3% of net advances); foreign operations generated ₹48,699.7 million revenue (2.5% of total) in FY2025; foreign assets ₹896,104.0 million
High-potential geographic markets in India
Bank has intensified leadership presence through State Business Heads and City Business Heads to capture 360° opportunity; planning business centre expansion in high-activity pockets; micromarket insights guide localized strategies and resource allocation
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (18 Jul 2026).
Change log
6 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 18 of 22 lender flags judged; no red flag; 4 could not be judged.
- Data gapsBusiness quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓285 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 63 verified
Questions people ask
What is ICICI Bank's share price today?
ICICI Bank last traded at ₹1,340.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.1% on the day, down 1.8% over a year. Its 52-week range is ₹1,188 to ₹1,480. The live price is in the app.
What is ICICI Bank's market cap?
ICICI Bank's market capitalisation is about ₹9.73 lakh crore: what it would cost to buy every share at today's price. That makes it the 4th largest large cap company we cover.
Is ICICI Bank Ltd a large cap, mid cap or small cap?
ICICI Bank Ltd (ICICIBANK) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is ICICI Bank Ltd's P/E ratio?
17.28, vs peers 8.7 · 9th of 10. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is ICICI Bank Ltd overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 17.3 vs peers 8.7 (9th of 10); P/B 2.6 vs peers 1.6 (9th of 10).
How does ICICI Bank Ltd make money?
ICICI Bank Limited is a domestic and international commercial bank offering retail banking, wholesale banking, treasury services, and through subsidiaries, life insurance, general insurance, and asset management. It earns revenue from interest on loans and advances, fees on banking services, insurance premiums and claims, and treasury operations.
Why is there no Altman Z or debt to equity for ICICI Bank?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are ICICI Bank Ltd's peers?
Compared with 9 Banks (the industry, as the basic industry was too small): HDFC Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd, Axis Bank Ltd, Punjab National Bank and 4 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did ICICI Bank do last quarter?
ICICI Bank reported income of ₹79,689 Cr, up 6.0% on a year earlier and a net profit of ₹15,440 Cr, up 6.2% in the Jun 2026 quarter.
Who owns ICICI Bank?
ICICI Bank has no promoter holding; it is widely held.
Does ICICI Bank pay a dividend?
Yes. ICICI Bank's dividend yield is 1.00% at the latest price; the last payout was ₹12.00 a share, ex-dividend 3 Aug 2026.
What do analysts say about ICICI Bank?
39 analysts cover ICICI Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.