ICICI BANK LTD
For the period ended Mar 31, 2026. Filed Jul 20, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2026 · Filed Jul 20, 2026
Contents
Cover page
Show cover page
20-F 1 dp249803_20f.htm FORM 20-F
As filed with the Securities and Exchange Commission on July 20, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 20-F
(Mark One)
| ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
OR
For the fiscal year ended March 31, 2026.
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to .
OR
| ☐ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
**Date of event requiring this shell company report **
For the transition period from to .
Commission file number: 001-15002
ICICI BANK LIMITED
(Exact name of Registrant as specified in its charter)
India
(Jurisdiction of incorporation or organization)
**ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400051, India
(Address of principal executive offices)
Name: Anindya Banerjee / Abhinek Bhargava
Telephone: +91 22 4008 6173
Email: anindya.banerjee@icici.bank.in / abhinek.bhargava@icici.bank.in
Office address: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai – 400051, India
(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Equity Shares of ICICI Bank Limited(1) | IBN | The New York Stock Exchange |
| American Depositary Shares, each representing two Equity Shares of | ||
| ICICI Bank Limited, par value | ||
| Rs. 2 per share | ||
1 Not for trading, but only in connection with the registration of American Depositary Shares representing such Equity Shares pursuant to the requirements of the Securities and Exchange Commission.
Securities registered or to be registered pursuant to Section 12(g) of the Act:
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
The number of outstanding Equity Shares of ICICI Bank Limited as of March 31, 2026 was 7,160,112,569.
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes☒ No☐
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Yes☐ No☒
Note– Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes☒ No☐
Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes☐ No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company See definition of “large accelerated filer”, “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated Filer☒ Accelerated Filer☐ Non-accelerated Filer☐ Emerging Growth Company☐
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐
†The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.
Indicate by check mark whether the registrant has filed a report on the attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:
| ☐ | U.S. GAAP |
| ☐ | International Financial Reporting Standards as issued by the International Accounting Standards Board |
| ☒ | Other |
If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
☐ Item 17☒ Item 18
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes☐ No☒
(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)
Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.
Yes☐ No☐
table of contents
Page
| Cross Reference Sheet | 2 |
|---|---|
| Certain Definitions | 3 |
| Forward-Looking Statements | 4 |
| Market Price Information | 6 |
| Risk Factors | 7 |
| Major Shareholders | 52 |
| Related Party Transactions | 54 |
| Business | 59 |
| Overview | 59 |
| History | 60 |
| Strategy | 60 |
| Principles | 60 |
| Overview of Our Products and Services | 63 |
| Commercial Banking for Retail Customers | 63 |
| Retail lending for rural customers | 65 |
| Commercial Banking for Business Banking | 67 |
| Commercial Banking for Corporate Customers | 67 |
| Commercial Banking for Government and Institutions | 69 |
| Commercial Banking for International Customers | 69 |
| Branch and ATM Network and Call Centers | 70 |
| Investment Banking | 71 |
| Private Equity | 74 |
| Asset Management | 74 |
| Pension Fund Manager | 74 |
| Insurance | 75 |
| Risk Management | 77 |
| Market Risk | 85 |
| Audit | 95 |
| ICICI Securities Primary Dealership | 98 |
| Loan Portfolio | 100 |
| Loan Pricing | 102 |
| Subsidiaries, Associates and Joint Ventures | 103 |
| Technology | 105 |
| Competition | 110 |
| Employees | 112 |
| Properties | 113 |
| Legal and Regulatory Proceedings | 113 |
| American Depositary Receipt Fees and Payments | 115 |
| Selected Statistical Information | 117 |
| Operating and Financial Review and Prospects | 139 |
| Management | 199 |
| Supervision and Regulation | 222 |
| Exchange Controls | 246 |
| Restriction on Foreign Ownership of Indian Securities | 248 |
| Dividends | 253 |
| Taxation | 255 |
| Presentation of Financial Information | 264 |
| Additional Information | 266 |
| Exhibit Index | 268 |
i
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.