ICICI Bank Limited has informed the Exchange regarding 'Filing of Annual Report in Form 20-F for the year ended March 31, 2025'.
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ICICI Bank has filed its Annual Report in Form 20-F with the US Securities and Exchange Commission (SEC) for the financial year ended March 31, 2025, on July 25, 2025, as required because its ADRs trade on the NYSE. Under Indian GAAP, the bank's consolidated profit after tax rose about 15% year-on-year from Rs. 44,256 crore (US$ 5,180 million) in FY24 to Rs. 51,029 crore (US$ 5,973 million) in FY25. Under US GAAP, net income was Rs. 51,354 crore (US$ 6,011 million) in FY25, down from Rs. 61,376 crore (US$ 7,184 million) in FY24, mainly due to differences in loan loss provisioning, consolidation, and other accounting treatments. Stockholders' equity as per US GAAP stood at Rs. 365,480 crore (US$ 42.8 billion) as of March 31, 2025, versus consolidated net worth of Rs. 313,906 crore (US$ 36.7 billion) under Indian GAAP. The Form 20-F is available on the SEC website, and shareholders can request a free copy from the company secretary.
This is a routine regulatory disclosure for ICICI Bank's NYSE-listed ADRs and carries no new business decision. Investors should note the divergence between Indian GAAP profits (up ~15%) and US GAAP net income (down ~16%), which is driven by accounting standard differences rather than weakening operations.