# ICICIBANK (ICICIBANK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/icicibank

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,360.2
- Change: +1.51%
- As of: 2026-10-13
- 1D return: +1.51%
- 5D return: +1.30%
- 1M return: -1.38%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, ICICI Bank's technical setup presents a mixed picture across timeframes. Daily and weekly charts indicate a bullish trend with price above the Supertrend and key moving averages like the 20-day EMA and SMA. However, the monthly timeframe shows a bearish trend, with price below the Supertrend and 20-day SMA, suggesting potential headwinds. Daily trend conviction is developing (ADX 21.9), while the monthly trend is established but bearish (ADX 38.36), and the weekly trend is weak (ADX 15.6). The stock is positioned in the upper-middle part of its 20-day range (+69.9%) and around the middle of its 50-day (+40.9%) and 252-day (+59.0%) ranges. Recent market activity includes one positive attention event and one high-severity daily anomaly on September 30, 2026, which saw a +3.2% range. Annualized volatility stands at +18.4% with an ATR of 1.7%.

The immediate risk is defined by support at ₹1355.94 (0.31% below current price) and resistance at ₹1367.53 (0.54% above current price). A confirmed break above the nearest resistance level of ₹1367.53 could signal strengthening upward momentum, while a decisive move below the support at ₹1355.94 might indicate a continuation of the monthly bearish trend.

- Daily and weekly charts show bullish signals, while the monthly chart indicates a bearish trend.
- Daily trend conviction is developing (ADX 21.9), with price in the upper-middle of its 20-day range (+69.9%).
- Annualized volatility is +18.4% with an ATR of 1.7%.
- Nearest support is at ₹1355.94 (0.31% below), and nearest resistance is at ₹1367.53 (0.54% above).
- A break above ₹1367.53 could confirm upward momentum, while a break below ₹1355.94 may signal further downside.

- Morning Star
- Doji
- Inside Bar

### News Context

During the week ending October 12, 2026, ICICI Bank was mentioned in the context of broader market movements affecting banking stocks. On October 12, reports indicated that Nifty Bank stocks, including ICICI Bank, were experiencing a decline. Earlier in the week, on October 9, Nuvama Institutional Equities identified ICICI Bank as a top banking pick, alongside other institutions like Kotak Mahindra Bank and RBL Bank, in their stock recommendations which included target prices. The broader market saw the BSE Sensex fall 429.11 points to 72,638.70 and the NSE Nifty end at 22,603.05, down 173.05 points, on October 7, with factors such as an RBI rate hike and crude oil prices cited as weighing on the market.

- On October 12, 2026, ICICI Bank was noted as part of a group of Nifty Bank stocks experiencing a decline.
- On October 9, 2026, Nuvama Institutional Equities included ICICI Bank among their top banking stock picks, providing target prices.
- On October 7, 2026, the broader Indian market experienced a downturn, with the BSE Sensex closing down 429.11 points and the NSE Nifty down 173.05 points.

- [SBI, IndusInd, PNB, ICICI, YES Bank shares: Why Nifty Bank stocks are falling today; targets](https://www.businesstoday.in/markets/stocks/story/sbi-indusind-icici-bank-pnb-yes-bank-shares-why-nifty-bank-stocks-are-falling-today-560975-2026-10-12)
- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)

### What Changed

ICICI Bank has announced the allotment of 749,099 equity shares on October 13, 2026, under its Employees Stock Option Scheme-2000. This allotment was approved by two Executive Directors under authority delegated by the Board on October 21, 2023. Separately, the bank is scheduled to host a media call and an earnings call with analysts and investors on October 17, 2026, to discuss financial results for the quarter and six months ended September 30, 2026. While these announcements provide forward-looking information regarding investor engagement and share issuance, no specific financial results or amounts were disclosed in these filings. The stock closed at ₹1360.2 on October 13, 2026, an increase from its previous price of ₹1340.0.

- On October 13, 2026, ICICI Bank allotted 749,099 equity shares under its Employees Stock Option Scheme-2000.
- ICICI Bank will host a media call and an earnings call on October 17, 2026, to discuss financial results for the quarter and six months ended September 30, 2026.
- The closing price of ICICI Bank on October 13, 2026, was ₹1360.2, up from ₹1340.0 previously.

- [ICICI Bank Limited has informed the Exchange regarding Allotment of 749099 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_13102026100508_Lettertoexchange.pdf)
- [ICICI Bank Limited has informed the Exchange about Earnings call on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180004_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Call with media on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180729_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1606_WebXMLFile_20261012_183012383.xml)

### Official Filings

ICICI Bank has reported the allotment of 749,099 equity shares on October 13, 2026, under its Employees Stock Option Scheme-2000. This allotment was approved by two Executive Directors, acting under authority delegated by the Board on October 21, 2023. This follows a similar allotment of 202,836 shares on October 6, 2026, also under the same employee stock option scheme. Additionally, on October 8, 2026, the bank reported an increase in its paid-up share capital due to the allotment of ESUS securities under an 'Any Other method,' which raised the capital from ₹14,357,898,064 to ₹14,358,058,574. The bank has also scheduled calls for October 17, 2026, to discuss its financial results for the quarter and six months ended September 30, 2026, with both media and analysts/investors.

- Allotment of 749,099 equity shares on October 13, 2026, under the Employees Stock Option Scheme-2000.
- Allotment of 202,836 equity shares on October 6, 2026, under the Employees Stock Option Scheme-2000.
- Increase in paid-up share capital from ₹14,357,898,064 to ₹14,358,058,574 on October 8, 2026, due to allotment of ESUS securities.
- Scheduled earnings calls on October 17, 2026, to discuss financial results for the quarter and six months ended September 30, 2026.

- [ICICI Bank Limited has informed the Exchange regarding Allotment of 749099 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_13102026100508_Lettertoexchange.pdf)
- [ICICI Bank Limited has informed the Exchange about Earnings call on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180004_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Call with media on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180729_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1606_WebXMLFile_20261012_183012383.xml)
- [ICICI BANK LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261009_100956940.xml)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 received from Kfin Technologies Limited, Registrar to an Issue and Share Transfer Agent for equity shares of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026172408_Regulation_74_5__Certificate_BSE_NSE_20260930-EQUITY.pdf)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, received from 3i Infotech Limited, Registrar to an Issue and Share Transfer Agent for bonds /debentures of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026173642_Regulation_74_5__Certificate_NSE_BSE_20260930-BONDS.pdf)
- [ICICI Bank Limited has informed the Exchange regarding Allotment of 80255 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026175523_LETTERTOSTOCKEXCHANGE.pdf)
- [Chapter VIII - Specifications related to ISIN for debt |SUBJECT: Chapter VIII - Specifications related to ISIN for debt](https://nsearchives.nseindia.com/content/debt/WDM/ICICIBANK_BONDS_08102026180845_ISIN_Rationalisation_SE_30-09-2026_sign.pdf)
- [ICICI Bank Limited has informed the Exchange regarding Allotment of 202836 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_06102026102442_Lettertoexchange.pdf)

### Fundamentals

ICICI Bank reported its Q1 FY2026-27 results, showing a sequential increase in operating profit to ₹22,604.33 crore from ₹21,004.88 crore in Q4 FY2025-26. This was accompanied by a decrease in income to ₹79,689.22 crore from ₹84,613.66 crore in the prior quarter, and a sequential reduction in expenditure excluding provisions and contingencies to ₹57,084.89 crore from ₹63,608.78 crore. Basic Earnings Per Share (EPS) saw a sequential rise to ₹21.54 per share from ₹20.62 per share in the previous quarter. The bank's Cet1 Ratio decreased slightly to 0.1611 from 0.1625, while Gross Non Performing Assets increased to ₹24,175.85 crore from ₹23,427.29 crore sequentially. Historically, the bank has demonstrated compounded sales growth of 17% over 3 and 5 years, and compounded profit growth of 17% and 24% respectively over the same periods, though TTM profit growth was 6%. Return on Equity (ROE) was 19.0% for Mar 2024, projected to decrease to 16.0% by Mar 2026.

- Sequential increase in operating profit to ₹22,604.33 crore in Q1 FY2026-27.
- Sequential rise in Basic EPS to ₹21.54 per share, despite a decrease in income.
- Slight sequential decrease in Cet1 Ratio to 0.1611 and an increase in Gross Non Performing Assets to ₹24,175.85 crore.
- Monitoring the sustainability of operating profit growth amidst declining income and asset quality trends.

### Bull Case

On a daily basis, ICICI Bank's technical indicators suggest a bullish trend, with the Supertrend direction indicating 'bullish'. The 14-day Average Directional Index (ADX) stands at 21.9, and the 5-day Exponential Moving Average (EMA) slope is positive at 1.92. This daily trend strength is supported by a bullish weekly trend, where the Supertrend direction is also 'bullish', despite a negative EMA slope of -16.92. The stock has shown positive returns over certain periods, including a +1.5% return for the last day and +4.5% over the last 10 days. Year-to-date, the return is +1.7%. The market capitalization as of the latest data is ₹9,619,138,531,940.

- Daily Supertrend direction is 'bullish'.
- Weekly Supertrend direction is 'bullish'.
- 10-day return is +4.5%.
- Year-to-date return is +1.7% as of 2026-10-13.

- [SBI, IndusInd, PNB, ICICI, YES Bank shares: Why Nifty Bank stocks are falling today; targets](https://www.businesstoday.in/markets/stocks/story/sbi-indusind-icici-bank-pnb-yes-bank-shares-why-nifty-bank-stocks-are-falling-today-560975-2026-10-12)
- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [ICICI Bank Limited has informed the Exchange regarding Allotment of 749099 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_13102026100508_Lettertoexchange.pdf)
- [ICICI Bank Limited has informed the Exchange about Earnings call on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180004_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Call with media on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180729_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1606_WebXMLFile_20261012_183012383.xml)
- [ICICI BANK LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261009_100956940.xml)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 received from Kfin Technologies Limited, Registrar to an Issue and Share Transfer Agent for equity shares of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026172408_Regulation_74_5__Certificate_BSE_NSE_20260930-EQUITY.pdf)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, received from 3i Infotech Limited, Registrar to an Issue and Share Transfer Agent for bonds /debentures of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026173642_Regulation_74_5__Certificate_NSE_BSE_20260930-BONDS.pdf)

### Bear Case

The company's monthly trend indicators suggest a bearish market setup, with the ADX at 38.36 and a bearish supertrend direction. Recent period returns show a decline, with a -1.4% return over the last month and a -3.5% return over the last three months. The stock has experienced a current drawdown of -8.6% and a maximum drawdown of -19.0%, indicating significant volatility. While the daily and weekly trends show a bullish supertrend direction, the monthly indicators and recent negative returns warrant caution.

- Monthly trend shows a bearish setup with ADX at 38.36.
- The stock has experienced a -1.4% return in the last month and -3.5% in the last three months.
- Current drawdown stands at -8.6%, with a maximum drawdown of -19.0%.

- [SBI, IndusInd, PNB, ICICI, YES Bank shares: Why Nifty Bank stocks are falling today; targets](https://www.businesstoday.in/markets/stocks/story/sbi-indusind-icici-bank-pnb-yes-bank-shares-why-nifty-bank-stocks-are-falling-today-560975-2026-10-12)
- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [ICICI Bank Limited has informed the Exchange regarding Allotment of 749099 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_13102026100508_Lettertoexchange.pdf)
- [ICICI Bank Limited has informed the Exchange about Earnings call on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180004_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Call with media on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180729_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1606_WebXMLFile_20261012_183012383.xml)
- [ICICI BANK LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261009_100956940.xml)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 received from Kfin Technologies Limited, Registrar to an Issue and Share Transfer Agent for equity shares of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026172408_Regulation_74_5__Certificate_BSE_NSE_20260930-EQUITY.pdf)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, received from 3i Infotech Limited, Registrar to an Issue and Share Transfer Agent for bonds /debentures of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026173642_Regulation_74_5__Certificate_NSE_BSE_20260930-BONDS.pdf)

### FAQs

**What recent corporate actions have occurred regarding ICICI Bank's share capital?**

On October 13, 2026, ICICI Bank allotted 749,099 equity shares under its Employees Stock Option Scheme-2000. Additionally, on October 8, 2026, the bank allotted ESUS securities, increasing its paid-up share capital from ₹14,357,898,064 (7,178,949,032 shares) to ₹14,358,058,574 (7,179,029,287 shares).

**When will ICICI Bank announce its financial results for the quarter and six months ended September 30, 2026, and how can investors access this information?**

ICICI Bank is scheduled to host a media call at 4:00 p.m. IST and an earnings call for analysts and investors at 5:00 p.m. IST on October 17, 2026, to discuss its financial results for the quarter and six months ended September 30, 2026. Both calls are open to the general public, and recordings and transcripts will be available on the bank's website.

**What are the nearest support and resistance levels for ICICI Bank's stock based on recent technical data?**

As of October 13, 2026, the nearest support levels for ICICI Bank's stock are identified at ₹1355.94 (0.31% below current price), ₹1353.77 (0.47% below), and ₹1344.13 (1.18% below). The nearest resistance levels are at ₹1367.53 (0.54% above current price), ₹1371.30 (0.82% above), and ₹1377.17 (1.25% above).

**What has been the recent stock performance of ICICI Bank over different periods?**

As of October 13, 2026, ICICI Bank's stock has shown the following returns: +1.5% over 1 day, +1.3% over 5 days, +4.5% over 10 days, +1.7% year-to-date, +0.7% over 6 months, and +6.0% since the start of its trading history. Over longer periods, it has seen a -1.4% return over 1 year, -1.4% over 20 days, -1.4% over 1 month, and -3.5% over 3 months.

- [SBI, IndusInd, PNB, ICICI, YES Bank shares: Why Nifty Bank stocks are falling today; targets](https://www.businesstoday.in/markets/stocks/story/sbi-indusind-icici-bank-pnb-yes-bank-shares-why-nifty-bank-stocks-are-falling-today-560975-2026-10-12)
- [Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- [Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- [ICICI Bank Limited has informed the Exchange regarding Allotment of 749099 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ICICIBANK1_13102026100508_Lettertoexchange.pdf)
- [ICICI Bank Limited has informed the Exchange about Earnings call on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180004_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Call with media on financial results for the quarter and six months ended September 30, 2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180729_BSENSE_12102026.pdf)
- [ICICI Bank Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1606_WebXMLFile_20261012_183012383.xml)
- [ICICI BANK LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261009_100956940.xml)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026 received from Kfin Technologies Limited, Registrar to an Issue and Share Transfer Agent for equity shares of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026172408_Regulation_74_5__Certificate_BSE_NSE_20260930-EQUITY.pdf)
- [ICICI Bank Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, received from 3i Infotech Limited, Registrar to an Issue and Share Transfer Agent for bonds /debentures of the Bank. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026173642_Regulation_74_5__Certificate_NSE_BSE_20260930-BONDS.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,344.13
- Risk regime: Price Risk Currently Contained

### Support levels
- 1355.940625
- 1328.25
- 1219.4390625

### Resistance levels
- 1371.3
- 1419.011866760254
- 1444.53125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.51% |
| return_10 | +4.47% |
| return_1m | -1.38% |
| return_1y | -1.39% |
| return_20 | -1.38% |
| return_3m | -3.50% |
| return_5 | +1.30% |
| return_6m | +0.67% |
| return_since_start | +5.96% |
| return_ytd | +1.66% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -18.99% |
| annualized_volatility | +18.40% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Operating profit rises as expenses fall more than revenue; asset quality improves with lower gross NPA ratio

For the quarter ended 30 June 2026, ICICI Bank Limited reported a sequential decline in total income but a rise in operating profit, as expenses fell more sharply. Earnings per share increased both sequentially and year-on-year. The gross non-performing asset ratio declined, indicating improved asset quality, even as absolute gross NPAs edged higher from the previous quarter. The CET1 ratio was 16.11%, slightly lower than the previous quarter but higher than a year ago.

## Revenue and Expense Dynamics

Total income was ₹79,689.22 crore, a decrease of 5.82% from ₹84,613.66 crore in the previous quarter, but an increase of 6.86% from ₹74,576.03 crore a year earlier. The sequential decline was driven by a drop in other income, which fell to ₹27,448.37 crore from ₹35,019.91 crore. Interest earned increased to ₹52,240.85 crore from ₹49,593.75 crore.

Expenditure excluding provisions and contingencies fell 10.26% sequentially to ₹57,084.89 crore, down from ₹63,608.78 crore. This decline was primarily driven by operating expenses, which decreased to ₹34,021.17 crore from ₹41,561.97 crore. Interest expended increased slightly to ₹23,063.72 crore from ₹22,046.81 crore.

The sharper sequential decline in expenses relative to income led to an increase in operating profit before provisions and contingencies, which rose 7.61% sequentially to ₹22,604.33 crore. The ratio of expenses (excluding provisions) to total income decreased from 75.18% in the previous quarter to 71.64%.

## Profitability and Earnings

Profit before tax from ordinary activities was ₹21,307.13 crore, up 2.71% from ₹20,744.21 crore in the previous quarter and 9.30% higher than ₹19,494.48 crore a year ago. The increase in profit before tax was partially offset by a rise in provisions and contingencies (other than tax), which increased to ₹1,297.20 crore from ₹260.67 crore in the prior quarter.

After a tax expense of ₹5,097.39 crore, profit after tax was ₹16,209.74 crore, compared to ₹15,611.87 crore in the previous quarter and ₹14,393.80 crore a year ago.

Basic earnings per share rose to ₹21.54 from ₹20.62 in the previous quarter and ₹19.02 a year ago, representing a sequential increase of 4.46% and a year-on-year increase of 13.25%.

## Asset Quality and Capital

Gross non-performing assets stood at ₹24,175.85 crore, an increase of 3.2% from ₹23,427.29 crore in the previous quarter, but a decrease of 3.06% from ₹24,938.87 crore a year ago. The gross NPA ratio improved to 1.38% from 1.41% in the previous quarter. The net NPA ratio edged up to 0.38% from 0.37%.

The CET1 ratio was 16.11%, slightly lower than the 16.25% recorded in the previous quarter, but higher than 15.65% a year ago.

## Segment Performance

Segment profit before tax was ₹21,373.61 crore, which was close to the overall profit before tax of ₹21,307.13 crore. Segment revenue from operations matched total income at ₹79,689.22 crore.

## Key Takeaway

ICICI Bank’s first quarter showed a sequential decline in total income due to lower other income, but operating profit rose as operating expenses fell sharply. The gross NPA ratio improved, though net NPAs edged up slightly. The CET1 ratio remained above 16%, and earnings per share grew 13.25% year-on-year.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +0.00%
- FII holding: +33.79%
- DII holding: +42.32%
- Mutual fund holding: +29.60%
- Retail holding: +4.96%
- Promoter pledged: +0.00%

### Major reported shareholders

- DEUTSCHE BANK TRUST COMPANY AMERICAS — +16.03%
- SBI MUTUAL FUND — +6.27%
- ICICI PRUDENTIAL MUTUAL FUND — +4.40%
- LIFE INSURANCE CORPORATION OF INDIA — +4.35%
- HDFC MUTUAL FUND — +3.58%
- NPS TRUST — +3.38%
- NIPPON LIFE INDIA MUTUAL FUND — +2.55%
- UTI MUTUAL FUND — +2.21%
- GOVERNMENT OF SINGAPORE — +1.50%
- GOVERNMENT PENSION FUND GLOBAL — +1.43%

## Official filings

- 2026-10-13 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_13102026100508_Lettertoexchange.pdf)
- 2026-10-13 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261013_155037197.xml)
- 2026-10-12 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180004_BSENSE_12102026.pdf)
- 2026-10-12 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICI2022_12102026180729_BSENSE_12102026.pdf)
- 2026-10-12 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1606_WebXMLFile_20261012_183012383.xml)
- 2026-10-09 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261009_100956940.xml)
- 2026-10-08 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026172408_Regulation_74_5__Certificate_BSE_NSE_20260930-EQUITY.pdf)
- 2026-10-08 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026173642_Regulation_74_5__Certificate_NSE_BSE_20260930-BONDS.pdf)
- 2026-10-08 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_08102026175523_LETTERTOSTOCKEXCHANGE.pdf)
- 2026-10-08 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ICICIBANK_BONDS_08102026180845_ISIN_Rationalisation_SE_30-09-2026_sign.pdf)
- 2026-10-06 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_06102026102442_Lettertoexchange.pdf)
- 2026-10-06 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20261006_161340380.xml)
- 2026-10-03 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ICICIBANK_BONDS_03102026141931_DSP23LB_Compliance_Letter_NSE_03-10-2026sign.pdf)
- 2026-10-03 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1606_WebXMLFile_20261003_151029980.xml)
- 2026-10-02 — Litigation Disclosure: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1606_WebXMLFile_20261002_121802170.xml)
- 2026-10-02 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICI2022_02102026174507_NSEBSE_02102026.pdf)
- 2026-10-01 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_01102026135523_Special_Window_Disclosure_01102026.pdf)
- 2026-10-01 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICI2022_01102026170118_BSENSE01102926.pdf)
- 2026-09-29 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICI2022_29092026200845_NSEBSE29092026.pdf)
- 2026-09-29 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ICICI2022_29092026203027_NSEBSE29092026.pdf)
- 2026-09-25 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICI2022_25092026233756_NSEBSE_250922026.pdf)
- 2026-09-24 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_24092026120542_Lettertoexchange.pdf)
- 2026-09-24 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20260924_170422490.xml)
- 2026-09-22 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ICICIBANK1_22092026100047_Lettertoexchange.pdf)
- 2026-09-22 — Generic Announcement: ICICI Bank Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1606_WebXMLFile_20260922_150015534.xml)

## News and market events

- 2026-10-12 — BUSINESSTODAY: **SBI, IndusInd, PNB, ICICI, YES Bank shares: Why Nifty Bank stocks are falling today; targets** — [Source](https://www.businesstoday.in/markets/stocks/story/sbi-indusind-icici-bank-pnb-yes-bank-shares-why-nifty-bank-stocks-are-falling-today-560975-2026-10-12)
- 2026-10-09 — BUSINESSTODAY: **Kotak, ICICI, RBL, KVB, Ujjivan SFB: Nuvama shares top banking picks; check target prices** — Nuvama Institutional Equities, banking stocks, Kotak Mahindra Bank, ICICI Bank, RBL Bank, Karur Vysya Bank, Ujjivan Small Finance Bank, NBFC stocks, Piramal Finance, Shriram Finance, Aditya Birla Capital, CreditAccess Grameen, Q2 FY27 earnings, stock recommendations, target prices — [Source](https://www.businesstoday.in/markets/stocks/story/kotak-icici-rbl-kvb-ujjivan-sfb-nuvama-shares-top-banking-picks-check-target-prices-560581-2026-10-09)
- 2026-10-07 — News18: **Market Today: Sensex Falls 429 Points, Nifty Ends Below 22,650; RBI Rate Hike, Crude Weigh** — The BSE Sensex closes 429.11 points, or 0.59%, lower at 72,638.70, while the NSE Nifty ends at 22,603.05, down 173.05 points, or 0.76%. — [Source](https://www.news18.com/business/markets/market-today-sensex-falls-429-points-nifty-ends-below-22650-rbi-rate-hike-crude-weigh-10371264.html)
- 2026-10-05 — Economic Times: **How to trade HDFC Bank shares after new CEO appointment? Technical indicators still signal weakness** — HDFC Bank shares remain under pressure despite a relief rally following the appointment of Anup Bagchi as CEO. Technical analysts see resistance around Rs 755–760, while support lies at Rs 685–680. The stock has fallen 28% in 2026, underperforming the Nifty 50, which is down 14% this year. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/how-to-trade-hdfc-bank-shares-after-new-ceo-appointment-technical-indicators-still-signal-weakness/articleshow/134687576.cms)
- 2026-10-05 — MONEYCONTROL: **Brokerages bullish on HDFC Bank as Anup Bagchi's appointment as CEO 'resolves leadership overhang'** — HDFC Bank, HDFC Bank share price — [Source](https://www.moneycontrol.com/news/business/markets/brokerages-bullish-on-hdfc-bank-as-anup-bagchi-s-appointment-as-ceo-resolves-leadership-overhang-14044657.html)
- 2026-10-01 — MONEYCONTROL: **Why big Indian banks are not biting into Apple Pay** — Fintech, Apple Pay, payments, Axis Bank, Apple Wallet, credit cards, rewards, large banks, HDFC, iPhone — [Source](https://www.moneycontrol.com/technology/why-big-indian-banks-are-not-biting-into-apple-pay-article-14042574.html)
- 2026-10-01 — DECCANCHRONICLE.COM: **FIEO to host programme on customs schemes for exporters in Hyderabad on Oct 9** — The program is aimed at creating awareness among exporters, manufacturers, MSMEs and trade stakeholders about key customs schemes — [Source](https://www.deccanchronicle.com/southern-states/telangana/fieo-to-host-programme-on-customs-schemes-for-exporters-in-hyderabad-on-oct-9-1992141)
- 2026-10-01 — Mint: **Macquarie stock recommendations: ICICI Bank, SBI, PayTM to LIC — top 11 financial shares to buy on rerating potential** — Macquarie stock recommendations: The global brokerage is expecting a turn around in the Indian financial shares — [Source](https://www.livemint.com/market/stock-market-news/macquarie-stock-recommendations-icici-bank-sbi-paytm-to-lic-top-11-financial-shares-to-buy-on-rerating-potential-11790829958477.html)
- 2026-10-01 — Economic Times: **Kotak Mahindra Bank shares jump 4% to 8-month high after Anup Kumar Saha named CEO. What Nomura, Jefferies expect** — Shares of Kotak Mahindra Bank rose 4% following the announcement of Anup Kumar Saha's appointment as MD and CEO. Saha, currently an Executive Director, has over 32 years of experience in financial services. He will succeed Ashok Vaswani, who decided not to seek reappointment for personal reasons. Brokerages have indicated that Saha's appointment should benefit the bank's strategic direction and stability. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/kotak-mahindra-bank-shares-in-focus-after-lender-appoints-anup-kumar-saha-as-next-ceo-heres-what-nomura-and-jefferies-expect/articleshow/134607346.cms)
- 2026-10-01 — The Hindu: **Anup Kumar Saha to be next MD & CEO of Kotak Mahindra Bank; RBI clears appointment** — RBI approves Anup Saha as Kotak Mahindra Bank's MD & CEO for three years from Jan 1, 2027, succeeding Ashok Vaswani. — [Source](https://www.thehindu.com/business/anup-kumar-saha-to-be-next-md-ceo-of-kotak-mahindra-bank-rbi-clears-appointment/article71531423.ece)
- 2026-10-01 — CNBC-TV18: **What Kotak Bank's choice of new CEO signals to investors** — The Reserve Bank of India, on Thursday, October 1, granted approval for Anup Kumar Saha to become the next MD & CEO of Mumbai-based Kotak Mahindra Bank Ltd. Saha will replace outgoing MD & CEO Ashok Vaswani from January 1, 2027 for a period of three years. — [Source](https://www.cnbctv18.com/business/companies/what-kotak-bank-choice-of-new-ceo-signals-to-investors-alpha-article-20002654.htm)
- 2026-10-01 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty set for eighth straight weekly loss ahead of Sensex expiry** — Sensex Today | Stock Market Live Updates: The final day of the week is also the first day of the new month and a new quarter. Business updates will start pouring in from companies for the quarter gone by. Also to be reported will be the Auto sales figures for September and the expectations are that it will be another strong quarter for auto companies. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-yields-inr-banks-auto-sales-ncc-tech-mah-igl-hudco-midcaps-share-price-liveblog-20002553.htm)
- 2026-09-30 — FREEPRESSJOURNAL.IN: **Mumbai Consumer Commission Orders ICICI Entities To Pay ₹77,777 Over Excess Home-Loan Insurance Premium** — The Mumbai Suburban consumer commission held three ICICI entities liable for calculating a home-loan insurance premium on the sanctioned ₹7.33 lakh loan instead of the ₹4.99 lakh actually disbursed. ICICI Prudential must refund Rs 17,777 with 9% interest, while all three entities must jointly pay Rs 50,000 compensation and Rs 10,000 costs. — [Source](https://www.freepressjournal.in/mumbai/mumbai-consumer-commission-orders-icici-entities-to-pay-77777-over-excess-home-loan-insurance-premium)
- 2026-09-30 — Mint: **Axis and ICICI vs SBI: How Flipkart and Amazon are shaping India’s banking partnerships for 10% festive discounts | Mint** — October sale: As India's festive sales approach, e-commerce giants Flipkart and Amazon are promoting banking partners for discounts. Flipkart emphasizes Axis and ICICI Bank offers, while Amazon features SBI for 10% instant savings. — [Source](https://www.livemint.com/technology/axis-and-icici-vs-sbi-how-flipkart-and-amazon-are-shaping-india-s-banking-partnerships-for-10-festive-discounts-11790782352409.html)
- 2026-09-30 — MONEYCONTROL: **HDFC Bank appoints ICICI Bank veteran V.N. Srivatsan as Chief Compliance Officer** — HDFC Bank, VN Srivatsan, ICICI Bank,Chief Compliance Officer — [Source](https://www.moneycontrol.com/banking/hdfc-bank-appoints-icici-bank-veteran-v-n-srivatsan-as-chief-compliance-officer-article-14042180.html)
- 2026-09-30 — Economic Times: **Transport Corp announces key details for Rs 150 crore share buyback plan** — Transport Corporation of India will buy back up to 15.63 lakh shares for Rs 150 crore at Rs 960 each. The tender offer has October 9, 2026 as its record date, with 15% reserved for eligible small shareholders. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/transport-corp-announces-key-details-for-rs-150-crore-share-buyback-plan/articleshow/134595850.cms)
- 2026-09-30 — Economic Times: **HDFC Bank names ICICI veteran banker V.N. Srivatsan as Chief Compliance Officer** — HDFC Bank has appointed V.N. Srivatsan as its Chief Compliance Officer for a three-year term, effective from his joining date on January 4, 2027. Srivatsan, currently Head – Compliance: Overseas Banking and Subsidiaries & Data Privacy Officer at ICICI Bank, has around 34 years of professional experience, including 25 years in BFSI. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-names-v-n-srivatsan-as-chief-compliance-officer/articleshow/134595459.cms)
- 2026-09-30 — Economic Times: **Market wrap: Kotak Mahindra Bank, InterGlobe, Apollo Hospital, Max Healthcare top gainers and losers on Nifty and Sensex on Wednesday** — Indian equities extended their decline on Wednesday, with Nifty slipping below 22,650 as selling pressure persisted at higher levels. Healthcare stocks led the losses, while banks and realty stocks outperformed. Kotak Mahindra Bank, InterGlobe and ICICI Bank were among the top gainers, while Apollo Hospitals and Max Healthcare led the decliners. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/market-wrap-kotak-mahindra-bank-interglobe-apollo-hospital-max-healthcare-top-gainers-and-losers-on-nifty-and-sensex-on-wednesday/articleshow/134593289.cms)
- 2026-09-30 — CNBC-TV18: **Market Close Explained: Why Nifty ended lower despite gains in banking stocks** — The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332. — [Source](https://www.cnbctv18.com/market/market-close-explained-why-nifty-ended-lower-despite-gains-in-banking-stocks-20002098.htm)
- 2026-09-30 — News18: **Market Close: Sensex Ends 49 Points Lower, Nifty Slips Below 22,650; Bank Stocks Gain, Pharma, Metal Drag** — The market remained volatile through the session, while gains in banking and select IT stocks were offset by selling in pharma, healthcare, metal and consumer durable shares. — [Source](https://www.news18.com/business/markets/market-close-sensex-ends-49-points-lower-nifty-slips-below-22650-bank-stocks-gain-pharma-metal-drag-ws-l-10361074.html)
- 2026-09-30 — BUSINESSTODAY: **Apple Pay is finally in India, but can it challenge UPI? Here's what you need to know** — Apple Pay, Apple Pay India launch, Apple Pay vs UPI, Apple Pay Axis Bank, digital payments India, contactless payments India, NFC payments India, Apple Pay acceptance India, Apple Pay compatibility — [Source](https://www.businesstoday.in/technology/news/story/apple-pay-is-finally-in-india-but-can-it-challenge-upi-heres-what-you-need-to-know-558820-2026-09-30)
- 2026-09-30 — FREEPRESSJOURNAL.IN: **Apple Pay Launched In India With Axis Bank Credit Cards: Here's How To Use It** — Apple has launched Apple Pay in India after years of delays, initially supporting Axis Bank-issued Visa and Mastercard credit cards. The service allows contactless payments through iPhone and Apple Watch, but does not support UPI, RuPay or debit cards at launch. Apple said users can add cards through Wallet or the Axis Bank app. — [Source](https://www.freepressjournal.in/tech/apple-pay-launched-in-india-with-axis-bank-credit-cards-heres-how-to-use-it)
- 2026-09-30 — Mint: **PSU banks face a bigger risk from bond yields than potential loan waivers** — The real problem for PSU banks is not potential loan waivers, but their bond portfolios. As bond yields move up, bond prices fall, leading to mark-to-market losses on the portfolio. — [Source](https://www.livemint.com/market/mark-to-market/psu-banks-farm-loan-waivers-bond-yields-treasury-losses-11790737522344.html)
- 2026-09-29 — Economic Times: **HDFC Flexi Cap Fund turns Rs 10,000 SIP into Rs 23 crore in 31 years, AUM crosses Rs 1 lakh crore** — HDFC Flexi Cap Fund turned a Rs 10,000 monthly SIP into Rs 22.96 crore in nearly 31 years. The fund has delivered a CAGR of 18.37% since inception and outperformed the NIFTY 500 Index (TRI) in 21 of 31 calendar years. — [Source](https://economictimes.indiatimes.com/mf/mf-news/hdfc-flexi-cap-fund-turns-rs-10000-sip-into-rs-23-crore-in-31-years-aum-crosses-rs-1-lakh-crore/articleshow/134561377.cms)
- 2026-09-29 — Economic Times: **After losing Indian steel empire, the Ruias eye another in the US** — Ruias, following the bankruptcy of Essar Steel, are planning a new steel venture in Iowa. This project involves a $15 billion steel plant, aiming to produce 10 million tonnes annually. Financing has already been secured for the Minnesota iron-ore mine, which is integral to the operation. The Iowa plant is expected to create around 1,750 permanent jobs alongside thousands of construction jobs. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/after-losing-indian-steel-empire-the-ruias-eye-another-in-the-us/articleshow/134561435.cms)

## Business profile

**Strategic vision:** Indian financial services group offering universal banking and specialized subsidiaries.

### Business segments
- **Retail Banking:** Collects deposits from consumer accounts and provides banking services through branches and digital apps.
- **Business Banking:** Collects deposits from business accounts and provides banking services through branches and digital apps.
- **Corporate Banking:** Provides lending, trade finance, and transaction services to corporate clients.
- **Treasury Operations:** Manages liquidity, funding, market risk, and regulatory reserves, and acts as a counterparty for corporate foreign exchange and hedging.
- **Life Insurance:** Distributes term and savings products through the bank’s branches and digital apps.
- **General Insurance:** Provides motor, health, and property insurance using the bank’s distribution channels.
- **Asset Management:** Offers investment products to the bank's client base.
- **Securities and Broking:** Provides retail trading accounts and investment banking, integrated with the bank's digital savings accounts.
- **Housing Finance:** Specializes in housing finance and construction loans.
- **International Banking:** Supports corporate clients with cross-border trade services and coordinates overseas representative branches.
- **NRI Services:** Manages foreign currency deposits, remittance transfers, and wealth management services for the Indian diaspora.

### Competitive strengths
- Extensive distribution network through branches and digital channels.
- Integrated financial services ecosystem with specialized subsidiaries.
- Strategic partnerships for international trade facilitation.
- Digital platforms for retail and corporate clients.

## Related stocks

- [HDFC Bank Limited (Financial Services)](https://faxioms.com/stocks/hdfcbank) — +1.29%
- [State Bank of India (Financial Services)](https://faxioms.com/stocks/sbin) — +1.70%
- [Axis Bank Limited (Financial Services)](https://faxioms.com/stocks/axisbank) — +1.23%
- [Kotak Mahindra Bank Limited (Financial Services)](https://faxioms.com/stocks/kotakbank) — -0.99%
- [IndusInd Bank Limited (Financial Services)](https://faxioms.com/stocks/indusindbk) — +2.85%

## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/icicibank
Markdown representation: https://faxioms.com/stocks/icicibank?render=md