ICICI BANK LTD.

A private sector commercial bank that takes deposits and lends across retail, rural, business banking and wholesale/corporate segments, alongside proprietary treasury operations and life and general insurance subsidiaries. For the nine months ended December 31, 2024, Retail Banking contributed 32.4% of segment revenue, followed by Treasury at 28.1%, Wholesale Banking at 17.1%, Life Insurance at 11.4% and General Insurance at 5.4%. In Q1 FY27, the loan book grew 19.6% year-on-year to Rs 16.31 trillion — corporate +18.5%, rural +35.4%, business banking +28.2%, retail +12% — with net interest income up 12.7% to Rs 24,384 crore on a 4.36% net interest margin, fee income up 23.5% to Rs 7,286 crore, and net NPA at 0.35% supported by a Rs 13,100 crore contingency buffer. Capital ratios stood at CET-1 16.19% and CRAR 16.84%. The bank priced a USD 1 billion five-year offshore bond at 5.459% in July 2026 under its USD 7.5 billion Global Medium Term Note programme. The bank funds itself through deposits at a cost of 4.41% in Q1 FY27, alongside offshore borrowings and equity. Customers span retail depositors and borrowers, rural and small-business borrowers, and large Indian corporates, with insurance flows routed through related subsidiaries ICICI Prudential Life and ICICI Lombard.