ICICI BANK LTD

For the period ended Mar 31, 2026. Filed Jul 20, 2026.

About 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

IBN$33.89+4.2%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Selected Statistical Information

The following information should be read together with our financial statements included in this report as well as “Management Discussion and Analysis of Financial Condition and Results of Operations”.

Average Balance Sheet

The average balances are the sum of daily average balances outstanding. The yield on average interest-earning assets is the ratio of interest earned to average interest-earning assets. The cost of average interest-bearing liabilities is the ratio of interest expended to average interest-bearing liabilities. The average balances of advances include non-performing advances and are net of allowance for loan losses. We have re-calculated tax-exempt income on a tax-equivalent basis. Other interest income, which includes interest on tax refunds and income from swaps has been bifurcated into rupee and foreign currency amounts in order to facilitate the explanation of movements of rupee and foreign currency spreads and margins. These swaps are not part of our trading portfolio and are undertaken by us to manage the market risk arising from our assets and liabilities.

The following table sets forth, for the periods indicated, the average balances of the assets and liabilities, which contribute to the major components of interest earned, interest expended and net interest income.

	Year ended March 31,
2024 · 2025 · 2026
Average balance · Interest income/ expense · Average yield/cost · Average balance · Interest income/ expense · Average yield/ cost · Average balance · Interest income/ expense · Average yield/ cost
(in millions, except percentages)
Assets:
Advances:
Rupee	Rs.	11,017,318	Rs.	1,108,708	10.06%	Rs.	12,747,775	Rs.	1,272,610	9.98%	Rs.	14,127,734	Rs.	1,331,960	9.43%
Foreign currency		976,161		57,190	5.86		1,011,729		59,827	5.91		946,237		46,083	4.87
Total advances		11,993,479		1,165,898	9.72		13,759,504		1,332,437	9.68		15,073,971		1,378,043	9.14
Investments:
Investments in Government securities:
Rupee		4,471,598		316,780	7.08		5,170,395		372,849	7.21		5,303,926		374,088	7.05
Foreign currency		45,013		1,391	3.09		38,601		1,290	3.34		50,271		1,487	2.96
Total investment in Government securities		4,516,611		318,171	7.04		5,208,996		374,139	7.18		5,354,197		375,575	7.01
Other investments:
Rupee		875,898		57,784	6.60		1,456,207		94,060	6.46		1,813,752		116,523	6.42
Foreign currency		109,792		5,223	4.76		98,455		4,955	5.03		109,073		4,933	4.52
Total other investments		985,690		63,007	6.39		1,554,662		99,015	6.37		1,922,825		121,456	6.32
Total investments:
Rupee		5,347,496		374,566	7.00		6,626,602		466,909	7.05		7,117,679		490,611	6.89
Foreign currency		154,805		6,614	4.27		137,056		6,245	4.56		159,343		6,420	4.03
Total investments		5,502,301		381,180	6.93		6,763,658		473,154	7.00		7,277,022		497,031	6.83
Other interest-earning assets:
Lending with the Reserve Bank of India:
Rupee		35,360		2,249	6.36		46,402		2,928	6.31		56,733		3,024	5.33
Foreign currency		..		..	..		..		..	..		..		..	..

	Year ended March 31,
2024 · 2025 · 2026
Average balance · Interest income/ expense · Average yield/cost · Average balance · Interest income/ expense · Average yield/ cost · Average balance · Interest income/ expense · Average yield/ cost
(in millions, except percentages)
Total lending with the Reserve Bank of India		35,360		2,249	6.36		46,402		2,928	6.31		56,733		3,024	5.33
Repo lending:
Rupee		95,537		6,494	6.80		106,623		6,977	6.54		110,468		6,222	5.63
Foreign currency		..		..	..		..		..	..		..		..	..
Total repo lending		95,537		6,494	6.80		106,623		6,977	6.54		110,468		6,222	5.63
Deposits in other banks:
Rupee		88,682		6,336	7.14		135,374		10,255	7.58		166,877		11,480	6.88
Foreign currency		154,610		9,780	6.33		229,839		12,201	5.31		410,504		17,910	4.36
Total deposits in other banks		243,292		16,116	6.62		365,213		22,456	6.15		577,381		29,390	5.09
Other assets:
Rupee		792,694		6,236	0.79		804,332		7,301	0.91		689,177		5,140	0.75
Foreign currency		182,952		6,831	3.73		207,346		7,604	3.67		291,200		8,478	2.91
Total other assets		975,646		13,067	1.34		1,011,678		14,905	1.47		980,377		13,618	1.39
Total other interest-earning assets:
Rupee		1,012,273		21,315	2.11		1,092,731		27,461	2.51		1,023,255		25,866	2.53
Foreign currency		337,562		16,611	4.92		437,185		19,805	4.53		701,704		26,388	3.76
Total other interest-earning assets		1,349,835		37,926	2.81		1,529,916		47,266	3.09		1,724,959		52,254	3.03
Other interest income:
Rupee				7,886					9,643					19,686
Foreign currency				2,380					942					5,315
Total other interest income				10,266					10,585					25,001
Interest-earning assets:
Rupee		17,377,087		1,512,475	8.70		20,467,108		1,776,623	8.68		22,268,668		1,868,123	8.39
Foreign currency		1,468,528		82,795	5.64		1,585,970		86,819	5.47		1,807,284		84,206	4.66
Total interest-earning assets		18,845,615		1,595,270	8.46		22,053,078		1,863,442	8.45		24,075,952		1,952,329	8.11
Fixed assets		117,172					142,321					165,445
Other assets		2,422,172					2,732,224					2,551,027
Total non-earning assets		2,539,344					2,874,545					2,716,472
Total assets	Rs.	21,384,959	Rs.	1,595,270		Rs.	24,927,623	Rs.	1,863,442		Rs.	26,792,424	Rs.	1,952,329
Liabilities:
Savings account deposits:
Rupee	Rs.	3,576,469	Rs.	113,510	3.17	Rs.	3,940,259	Rs.	124,488	3.16	Rs.	4,238,350		110,187	2.60
Foreign currency		49,249		1,348	2.74		44,087		1,313	2.98		51,277		1,133	2.21
Total savings account deposits		3,625,718		114,858	3.17		3,984,346		125,801	3.16		4,289,627		111,320	2.60
Time deposits:
Rupee		7,266,625		453,667	6.24		8,474,332		565,769	6.68		9,302,868		602,596	6.48
Foreign currency		439,291		19,319	4.40		516,586		24,909	4.82		600,639		25,587	4.26
Total time deposits		7,705,916		472,986	6.14		8,990,918		590,678	6.57		9,903,507		628,183	6.34
Other demand deposits:
Rupee		1,369,772					1,554,323					1,757,078
Foreign currency		162,634					152,537					188,274

	Year ended March 31,
2024 · 2025 · 2026
Average balance · Interest income/ expense · Average yield/cost · Average balance · Interest income/ expense · Average yield/ cost · Average balance · Interest income/ expense · Average yield/ cost
(in millions, except percentages)
Total other demand deposits		1,532,406					1,706,860					1,945,352
Total deposits:
Rupee		12,212,866		567,177	4.64		13,968,914		690,257	4.94		15,298,296		712,783	4.66
Foreign currency		651,174		20,667	3.17		713,210		26,222	3.68		840,190		26,720	3.18
Total deposits		12,864,040		587,845	4.57		14,682,124		716,479	4.88		16,138,486		739,503	4.58
Long term borrowings:
Rupee		1,256,389		91,756	7.30		1,322,960		97,847	7.40		994,578		70,753	7.11
Foreign currency		283,052		14,500	5.12		274,068		13,046	4.76		222,812		10,834	4.86
Total long term borrowings		1,539,441		106,256	6.90		1,597,028		110,893	6.94		1,217,390		81,587	6.70
Short-term borrowings:
Borrowings under liquidity adjustment facility with the Reserve Bank of India:
Rupee		27,474		1,829	6.66		70,961		4,612	6.50		47,532		2,658	5.59
Foreign currency		..		..	..		1,027		32	3.12		3,489		78	2.24
Total borrowings under liquidity adjustment facility with the Reserve Bank of India		27,474		1,829	6.66		71,988		4,644	6.45		51,021		2,736	5.36
Repo borrowings:
Rupee……………		332,045		21,954	6.61		338,944		21,968	6.48		374,349		20,313	5.43
Foreign currency		4,492		306	6.81		3,522		237	6.73		2,696		116	4.30
Total repo borrowings		336,537		22,260	6.61		342,466		22,205	6.48		377,045		20,429	5.42
Other short term borrowings:
Rupee		178,801		13,743	7.69		338,440		25,765	7.61		563,953		38,503	6.83
Foreign currency		208,785		9,149	4.38		255,309		10,291	4.03		230,889		7,527	3.26
Total other short term borrowings		387,586		22,892	5.91		593,749		36,055	6.07		794,842		46,030	5.79
Short term borrowings:
Rupee		538,320		37,526	6.97		748,345		52,345	6.99		985,834		61,474	6.24
Foreign currency		213,277		9,455	4.43		259,858		10,560	4.06		237,074		7,721	3.26
Total short term borrowings		751,597		46,981	6.25		1,008,203		62,905	6.24		1,222,908		69,195	5.66
Total borrowings:
Rupee		1,794,709		129,282	7.20		2,071,305		150,192	7.25		1,980,412		132,227	6.68
Foreign currency		496,329		23,955	4.83		533,926		23,606	4.42		459,886		18,555	4.03
Total borrowings		2,291,038		153,237	6.69		2,605,231		173,798	6.67		2,440,298		150,782	6.18
Interest-bearing liabilities:
Rupee		14,007,575		696,459	4.97		16,040,219		840,449	5.24		17,278,708		845,010	4.89
Foreign currency		1,147,503		44,622	3.89		1,247,136		49,828	4.00		1,300,076		45,275	3.48
Total interest-bearing liabilities		15,155,078		741,082	4.89		17,287,355		890,277	5.15		18,578,784		890,285	4.79
Other liabilities		3,897,917					4,763,941					4,804,647
Total liabilities		19,052,995		741,082			22,051,296		890,277			23,383,431		890,285
Stockholders’ equity		2,331,964					2,876,327					3,408,993
Total liabilities and stockholders’ equity	Rs.	21,384,959	Rs.	741,082		Rs.	24,927,623	Rs.	890,277		Rs.	26,792,424	Rs.	890,285

(1)	Previous period figures have been re-grouped/re-classified where necessary to conform to current period classification.

Analysis of Changes in Interest Earned and Interest Expended: Volume and Rate Analysis

The following table sets forth, for the periods indicated, the changes in the components of net interest income. The changes in net interest income between periods have been reflected as attributed either to volume or rate changes. For the purpose of this table, changes which are due to both volume and rate have been allocated solely to volume.

Fiscal 2025 vs. Fiscal 2024 · Fiscal 2026 vs. Fiscal 2025
	Increase (decrease) due to			Increase (decrease) due to
	Net change	Change in average volume	Change in average rate	Net change	Change in average volume	Change in average rate
(in millions)
Interest earned:
Advances:
Rupee	163,902	172,751	(8,849)	59,350	130,102	(70,752)
Foreign currency	2,637	2,103	534	(13,744)	(3,190)	(10,554)
Total advances	166,539	174,854	(8,315)	45,606	126,912	(81,306)
Investment:
Investment in Government securities:
Rupee	56,069	50,392	(5,677)	1,239	9,418	(8,179)
Foreign currency	(101)	(214)	113	197	345	(148)
Total investment in Government securities	55,968	50,178	(5,790)	1,436	9,763	(8,327)
Other investments:
Rupee	36,276	37,484	(1,208)	22,463	22,970	(507)
Foreign currency	(268)	(571)	303	(22)	480	(502)
Total other investments	36,015	36,913	(905)	22,441	23,450	(1,009)
Total investments:
Rupee	92,343	90,126	2,217	23,702	33,849	(10,147)
Foreign currency	(369)	(814)	440	175	898	(723)
Total investments	91,974	89,312	2,657	23,877	34,747	(10,870)
Other interest-earning assets:
Lending with the Reserve Bank of India:
Rupee	679	697	(18)	96	551	(455)
Foreign currency	..	..	..	..	..	..
Total lending with the Reserve Bank of India	679	697	(18)	96	551	(455)
Repo lending:
Rupee	483	725	(242)	(755)	217	(972)
Foreign currency	..	..	..	..	..	..
Total repo lending	483	725	(242)	(755)	217	(972)
Deposits in other banks:
Rupee	3,919	3,537	382	1,225	2,167	(942)
Foreign currency	2,421	3,994	(1,573)	5,709	7,882	(2,173)
Total deposits in other banks	6,340	7,531	(1,191)	6,934	10,049	(3,115)
Other assets:
Rupee	1,065	106	959	(2,161)	(859)	(1,302)
Foreign currency	773	895	(122)	874	2,441	(1,567)

Fiscal 2025 vs. Fiscal 2024 · Fiscal 2026 vs. Fiscal 2025
	Increase (decrease) due to			Increase (decrease) due to
	Net change	Change in average volume	Change in average rate	Net change	Change in average volume	Change in average rate
(in millions)
Total other assets	1,838	1,001	837	(1,287)	1,582	(2,869)
Other interest-earning assets:
Rupee	6,146	2,022	4,124	(1,595)	(1,756)	161
Foreign currency	3,194	4,513	(1,319)	6,583	9,947	(3,364)
Total other interest earning assets	9,340	6,535	2,805	4,988	8,191	(3,203)
Other interest income:
Rupee	1,757	..	1,757	10,043	..	10,043
Foreign currency	(1,438)	..	(1,438)	4,373	..	4,373
Other interest income	319	..	319	14,416	..	14,416
Total interest earned:
Rupee	264,148	264,899	(751)	91,500	162,195	(70,695)
Foreign currency	4,024	5,802	(1,783)	(2,613)	7,655	(10,268)
Total interest earned	268,172	270,701	(2,534)	88,887	169,850	(80,963)
Interest expense:
Savings account deposits:
Rupee	10,978	11,494	(516)	(14,301)	7,750	(22,051)
Foreign currency	(35)	(154)	119	(180)	159	(339)
Total savings account deposits	10,943	11,340	(397)	(14,481)	7,909	(22,390)
Time deposits:
Rupee	112,102	80,630	31,472	36,827	53,669	(16,842)
Foreign currency	5,590	3,727	1,863	678	3,581	(2,903)
Total time deposits	117,692	84,357	33,335	37,505	57,250	(19,745)
Total deposits:
Rupee	123,080	92,124	30,956	22,526	61,419	(38,893)
Foreign currency	5,555	3,573	1,982	498	3,740	(3,242)
Total deposits	128,635	95,697	32,938	23,024	65,159	(42,135)
Borrowings:
Long term borrowings:
Rupee	6,091	4,924	1,167	(27,094)	(23,361)	(3,733)
Foreign currency	(1,454)	(428)	(1,026)	(2,212)	(2,492)	280
Total long term borrowings	4,637	4,496	141	(29,306)	(25,853)	(3,453)
Borrowings under liquidity adjustment facility with the Reserve Bank of India:
Rupee	2,783	2,826	(43)	(1,954)	(1,310)	(644)
Foreign currency	32	32	..	46	55	(9)
Total borrowings under liquidity adjustment facility with the Reserve Bank of India	2,815	2,858	(43)	(1,908)	(1,255)	(653)
Repo borrowings:

Fiscal 2025 vs. Fiscal 2024 · Fiscal 2026 vs. Fiscal 2025
	Increase (decrease) due to			Increase (decrease) due to
	Net change	Change in average volume	Change in average rate	Net change	Change in average volume	Change in average rate
(in millions)
Rupee	14	447	(433)	(1,655)	1,921	(3,576)
Foreign currency	(69)	(65)	(4)	(121)	(36)	(85)
Total repo borrowings	(55)	382	(437)	(1,776)	1,885	(3,661)
Other short term borrowings:
Rupee	12,022	12,153	(131)	12,738	15,397	(2,659)
Foreign currency	1,142	1,875	(733)	(2,764)	(796)	(1,968)
Total other short term borrowings	13,164	14,028	(864)	9,974	14,601	(4,627)
Short term borrowings:
Rupee	14,819	15,426	(607)	9,129	16,008	(6,879)
Foreign currency	1,105	1,842	(737)	(2,839)	(777)	(2,062)
Total short term borrowings	15,924	17,268	(1,344)	6,290	15,231	(8,941)
Total borrowings:
Rupee	20,910	20,056	854	(17,965)	(6,069)	(11,896)
Foreign currency	(349)	1,662	(2,011)	(5,051)	(2,987)	(2,064)
Total borrowings	20,561	21,718	(1,157)	(23,016)	(9,056)	(13,960)
Total interest expended:
Rupee	143,990	112,180	31,810	4,561	55,350	(50,789)
Foreign currency	5,206	5,235	(29)	(4,553)	753	(5,306)
Total interest expended	149,196	117,415	31,781	8	56,103	(56,095)
Net interest income:
Rupee	120,158	152,719	(32,561)	86,939	106,845	(19,906)
Foreign currency	(1,182)	567	(1,754)	1,940	6,902	(4,962)
Total net interest income	118,976	153,286	(34,315)	88,879	113,747	(24,868)

Investment portfolio

Maturity profile wise yields on debt securities

The following table sets forth, at the date indicated, the maturity profile wise yields of our investments in debt securities classified as available-for-sale. This maturity profile is based on repayment dates and does not reflect re-pricing dates of floating rate investments.

	At March 31, 2025				At March 31, 2026
	Up to one year	One to five years	Five to ten years	More than ten years	Up to one year	One to five years	Five to ten years	More than ten years
Corporate debt securities	7.2%	7.4%	8.2%	6.0%	7.1%	7.3%	7.7%	7.7%
Government securities	6.6	6.6	7.2	7.1	5.8	5.8	6.5	7.8
Other securities	7.7	8.3	8.3	8.3	7.6	8.2	8.3	8.3
Total debt securities(1)	7.0%	7.0%	7.4%	7.9%	6.5%	6.7%	6.9%	8.1%

(1)	Includes securities denominated in different currencies.

(2)	Maturity profile is based on residual maturity from the balance sheet date.

The following table sets forth, at the date indicated, the maturity profile-wise yields of our investments in debt securities classified as held-to-maturity. This maturity profile is based on repayment dates and does not reflect re-pricing dates of floating rate investments.

	At March 31, 2025				At March 31, 2026
	Up to one year	One to five years	Five to ten years	More than ten years	Up to one year	One to five years	Five to ten years	More than ten years
Corporate debt securities	7.0%	7.0%	7.5%	7.1%	7.2%	7.6%	7.8%	7.7%
Government securities	7.4	7.2	7.2	7.0	6.5	7.2	7.1	7.6
Other securities	7.6	..	..	..	6.8	..	..	..
Total debt securities(1)	7.0%	7.1%	7.2%	7.0%	6.9%	7.2%	7.1%	7.6%

(1)	Includes securities denominated in different currencies.

(2)	Maturity profile is based on residual maturity from the balance sheet date.

Investment portfolio of our overseas branches and banking subsidiaries

The following table sets forth a summary of the investment portfolio of our overseas branches and banking subsidiaries based on the category of investments.

Category · 2025 · 2026
(in millions)
Bonds
Banks and financial institutions	Rs.	18,723	Rs.	10,824
Corporate		47,397		61,352
Total bonds		66,120		72,176
Others(1)		5,556		6,164
Total	Rs.	71,676	Rs.	78,340

(1)	Includes investments in certificates of deposits.

Investment in India-linked securities of corporate entities was 52.6% at year-end fiscal 2026 as compared to 53.0% at year-end fiscal 2025.

The investments in these securities are governed by the respective investment policies of ICICI Bank and its banking subsidiaries. To mitigate significant concentrations in credit risk, the investment policy lays down a number of limits that need to be adhered to before investments can be made. The investment policy lays down rating and issuer wise investment limits at each of these units. Further, there are counterparty limits for individual banks and financial institutions. Country exposure limits have also been established for various countries. In addition, ICICI Bank monitors the credit spread risk arising out of such investments, and ICICI Bank UK PLC has instituted credit spread sensitivity limits on its portfolio. Any exceptions to the above limits are made with due approvals from the appropriate forums. ICICI Bank has not bought credit protection against any of its international investments.

Investments in corporate and financial sector debt securities by our overseas branches and banking subsidiaries

The following table sets forth, at the date indicated, investments in corporate and financial sector debt securities and mortgage and asset backed securities by our overseas branches and banking subsidiaries by region and the mark-to-market and realized losses thereon.

Bonds(1) · Others · Total
	Trading	Available-for-sale and held-to-maturity	Trading	Available-for-sale and held-to-maturity	Trading	Available-for-sale and held-to-maturity	Mark-to-market gain/ (loss) in fiscal 2026	Realized gain/(loss)/ Impairment loss in income statement for fiscal 2026	Mark-to-market gain/ (loss) at March 31, 2026
(Rs. in millions)
U.S.	..	3,024	..	..	..	3,024	74	(26)	(39)
Canada	..	24,206	..	..	..	24,204	..	241	..
Europe	..	1,836	..	..	..	1,836	(2)	..	(8)
India	2,218	40,892	..	..	2,218	40,892	(88)	204	48
Rest of Asia	..	..	..	6,164	..	6,164	11	..	(1)
Others	..	..	..	..	..	..	(881)	2	(930)
Total portfolio	2,218	69,959	..	6,164	2,218	76,120	(886)	421	(930)

(1)	Includes corporate bonds classified under loans and receivables by our Canadian subsidiary.

Bonds(1) · Others · Total
	Trading	Available-for-sale and held-to-maturity	Trading	Available-for-sale and held-to-maturity	Trading	Available-for-sale and held-to-maturity	Mark-to-market gain/ (loss) in fiscal 2025	Realized gain/(loss)/ Impairment loss in income statement for fiscal 2025	Mark-to-market gain/ (loss) at March 31, 2025
(Rs. in millions)
U.S.	..	2,195	..	..	..	2,195	133	(50)	(107)
Canada	..	18,801	..	..	..	18,801	..	60	..
Europe	..	82	..	..	..	82	4	..	(5)
India	2,353	41,473	..	..	2,353	41,473	152	81	127
Rest of Asia	..	458	..	5,556	..	6,014	27	(11)	(10)
Others	..	758	..	..	..	758	(46)	1	(46)
Total portfolio	2,353	63,767	..	5,556	2,353	69,323	270	81	(41)

(1)	Includes corporate bonds classified under loans and receivables by our Canadian subsidiary.

Funding

Our funding operations are designed to ensure stability of funding, minimize funding costs and effectively manage liquidity. Our primary source of domestic funding is deposits raised from both retail and corporate customers. We also raise funds through short-term rupee borrowings, refinance borrowings and domestic or overseas bond offerings. Our domestic bond borrowings include long-term bond borrowings for financing infrastructure projects and affordable housing in accordance with the Reserve

Bank of India guidelines. See also “Business*—Overview of Our Products and Services—Commercial Banking for Retail Customers—Retail Deposits”.*

Maturity profile of deposits

The following table sets forth, at the date indicated, the contractual maturity profile of deposits, by type of deposit at March 31, 2026.

Up to one year · After one year and within three years · After three years · Total
(in millions)
Interest-bearing deposits:
Savings deposits(1)	Rs.	4,794,462		..		..	Rs.	4,794,462
Time deposits		7,333,600		3,129,684		325,421		10,788,705
Non-interest-bearing deposits:
Other demand deposits(1)		2,717,034		..		..		2,717,034
Total deposits	Rs.	14,845,096	Rs.	3,129,684	Rs.	325,421	Rs.	18,300,201

(1)	Savings and other demand deposits are payable on demand and hence are classified in the ‘Up to one year’ category.

The following table sets forth, at the date indicated, the contractual maturity profile of deposits, by type of deposit at March 31, 2025.

Up to one year · After one year and within three years · After three years · Total
(in millions)
Interest-bearing deposits:
Savings deposits(1)	Rs.	4,442,543		..		..	Rs.	4,442,543
Time deposits		7,335,737		1,946,581		315,951		9,598,268
Non-interest-bearing deposits:
Other demand deposits(1)		2,375,563		..		..		2,375,863
Total deposits	Rs.	14,153,842	Rs.	1,946,581	Rs.	315,951	Rs.	16,416,374

(1) Savings and other demand deposits are payable on demand and hence are classified in the ‘Up to one year’ category.

The maturity profile in fiscal 2026 shows growth in one year and above tenor maturities. The same is mainly due to gradual increase in tenor of our peak term deposits interest rate offering from ‘15 months - 2 years’ to ‘3 years & above’ during the year, reflecting our strategy to increase the duration of our liabilities.

Uninsured deposits

The following table sets forth, for the periods indicated, the estimated amount of time deposits that exceed the insurance limit, segregated by remaining maturity and the estimated amount of total deposits that are otherwise uninsured:

3 months or less · Over 3 months through 6 months · Over 6 months through 12 months · Over 12 months · Total
(in millions)
Uninsured time deposits
India	Rs.	2,571,972	Rs.	1,249,275	Rs.	2,666,865	Rs.	2,909,439	Rs.	9,397,551
Outside India		174,609		55,102		60,283		26,392		316,386
Total uninsured time deposits	Rs.	2,746,581	Rs.	1,304,377	Rs.	2,727,148	Rs.	2,935,831	Rs.	9,713,937

3 months or less · Over 3 months through 6 months · Over 6 months through 12 months · Over 12 months · Total
(in millions)
Uninsured time deposits
India	Rs.	2,369,068	Rs.	1,454,244	Rs.	2,715,002	Rs.	1,844,031	Rs.	8,382,345
Outside India		130,190		36,279		35,805		12,082		214,356
Total uninsured time deposits	Rs.	2,499,258	Rs.	1,490,523	Rs.	2,750,807	Rs.	1,856,113	Rs.	8,596,701

Total uninsured deposits at March 31, 2026 were Rs. 14,748,147 million and at March 31, 2025 were Rs. 13,174,634 million.

The classifications among “in India” and “outside India” are based on the domicile of the booking unit. In India, the insured deposit calculations are based on guidelines prescribed by Deposit Insurance and Credit Guarantee Corporation. The insured amount limit prescribed by Deposit Insurance and Credit Guarantee Corporation is up to a maximum amount of Rs. 500,000 per depositor (including all types of deposits), per insured bank. The standard insurance amount for time deposits outside India is based on the insurance limits approved by the regulator in the respective foreign jurisdiction. The insurance coverage is allocated first to savings account deposits, then to current account deposits and lastly to time deposits of a depositor. For time deposits, the highest residual maturity buckets are considered for allocation of insurance coverage.

Risk Management

Asset liability gap

The following table sets forth, at the date indicated, our asset-liability gap position.

	At March 31, 2026(1)
Less than or equal to one year · Greater than one year and up to five years · Greater than five years · Total
(in millions)
Advances (loans), net	Rs.	14,362,382	Rs.	2,019,924	Rs.	64,274	Rs.	16,446,580
Investments		1,290,126		2,802,206		4,614,867		8,707,199
Other assets(2)		2,192,145		64,876		1,564,421		3,821,442
Total assets	Rs.	17,844,653	Rs.	4,887,006	Rs.	6,243,562	Rs.	28,975,221
Capital		..		..		3,630,604		3,630,604
Borrowings		1,408,820		532,265		261,558		2,202,643
Deposits		9,937,927		8,340,523		21,751		18,300,201
Other liabilities(3)		31,009		..		4,980,522		5,011,531
Total liabilities	Rs.	11,377,756	Rs.	8,872,788	Rs.	8,894,435	Rs.	29,144,979
Total gap before risk management positions		6,466,897		(3,985,782)		(2,650,873)		(169,758)
Off-balance sheet positions(4)		(50,487)		(137,331)		124,046		(63,772)
Total gap after risk management positions	Rs.	6,416,410	Rs.	(4,123,113)	Rs.	(2,526,827)	Rs.	(233,530)

(1)

Includes investments in the nature of equity, cash and cash equivalents and miscellaneous assets and liabilities. Assets and liabilities are classified into the applicable categories based on residual maturity or re-pricing whichever is earlier. Classification methodologies are generally based on asset liability management guidelines, including behavioral studies, as per local policy/regulatory norms of the entities. Items other than current and savings account deposits that neither re-price nor have a defined maturity are included in the ‘greater than five years’ category. Fixed assets (other than leased assets) have been excluded from the above table. Current and savings account deposits are classified based on behavior study.

(2)	Includes cash and balances with the Reserve Bank of India, balances with banks and money at call and short notice and other assets.

(3)	Includes minority interest, liabilities on policy in force, and other liabilities and provisions.

(4)	Off-balance sheet positions comprises net notional amount of derivatives, including foreign exchange forward contracts.

	At March 31, 2025(1)
Less than or equal to one year · Greater than one year and up to five years · Greater than five years · Total
(in millions)
Advances (loans), net	Rs.	12,382,050	Rs.	1,734,238	Rs.	91,348	Rs.	14,206,636
Investments		1,240,362		2,252,623		5,370,784		8,863,769
Other assets(2)		1,476,371		99,165		1,621,939		3,197,475
Total assets	Rs.	15,098,973	Rs.	4,086,026	Rs.	7,084,071	Rs.	26,267,880
Capital		..		..		3,139,059		3,139,059
Borrowings		1,445,321		524,016		219,497		2,188,834
Deposits		9,344,200		7,056,500		15,674		16,416,374
Other liabilities(3)		16,807		..		4,661,340		4,678,147
Total liabilities	Rs.	10,806,328	Rs.	7,580,516	Rs.	8,035,570	Rs.	26,422,414
Total gap before risk management positions		4,292,455		(3,494,490)		(952,499)		(154,534)
Off-balance sheet positions(4)		(51,980)		22,270		86,766		57,056
Total gap after risk management positions	Rs.	4,240,475	Rs.	(3,472,220)	Rs.	(865,733)	Rs.	(97,478)

(1)

(2)	Includes cash and balances with the Reserve Bank of India, balances with banks and money at call and short notice and other assets.

(3)	Includes minority interest, liabilities on policy in force, and other liabilities and provisions.

(4)	Off-balance sheet positions comprises net notional amount of derivatives, including foreign exchange forward contracts.

Impact of interest rate movement

The following table sets forth, using the balance sheet at year-end fiscal 2026 as the base, one possible prediction of the impact of adverse changes in interest rates on net interest income for fiscal 2027, assuming a parallel shift in the yield curve at year-end fiscal 2026.

	Change in interest rates (in basis points)
	(100)		(50)		50	100
(in millions)
Rupee portfolio	Rs.	(59,667)		Rs.	(29,834)	Rs.	29,834	Rs.	59,667
Foreign currency portfolio		(4,159)			(2,079)		2,079		4,159
Total	Rs.	(63,826)		Rs.	(31,913)	Rs.	31,913	Rs.	63,826

Based on our asset and liability position at year-end fiscal 2026, the sensitivity model shows that net interest income from the banking book for fiscal 2026 would rise by Rs. 63.8 billion if interest rates increased by 100 basis points. Conversely, the sensitivity model shows that if interest rates decreased by 100 basis points, net interest income for fiscal 2026 would fall by an equivalent amount of Rs. 63.8 billion.

The following table sets forth, using the balance sheet at year-end fiscal 2025 as the base, one possible prediction of the impact of adverse changes in interest rates on net interest income for fiscal 2026, assuming a parallel shift in the yield curve at year-end fiscal 2025.

	Change in interest rates (in basis points)
	(100)		(50)		50	100
(in millions)
Rupee portfolio	Rs.	(41,755)		Rs.	(20,878)	Rs.	20,878	Rs.	41,755
Foreign currency portfolio		(3,893)			(1,947)		1,947		3,893
Total	Rs.	(45,648)		Rs.	(22,825)	Rs.	22,825	Rs.	45,648

Based on our asset and liability position at year-end fiscal 2025, the sensitivity model showed that net interest income from the banking book for fiscal 2025 would rise by Rs. 45.6 billion if interest rates increased by 100 basis points. Conversely, the sensitivity model showed that if interest rates decreased by 100 basis points, net interest income for fiscal 2025 would fall by an equivalent amount of Rs. 45.6 billion.

Sensitivity analysis, which is based upon static interest rate risk profile of assets and liabilities, is used for risk management purposes only and the model above assumes that during the course of the year no other changes are made in the respective portfolios. Actual changes in net interest income will vary from the model.

Price Risk (Trading Book)

The following table sets forth, using the fixed income portfolio at year-end fiscal 2026 as the base, one possible prediction of the impact of changes in interest rates on the value of our fixed income held-for-trading portfolio, assuming a parallel shift in interest rate curve.

	Change in interest rates (in basis points) – Rupee
	Portfolio Size		(100)	(50)		50	100
(in millions)
Government of India securities	Rs.	423,068		Rs.	17,860		Rs.	8,984	Rs.	(8,983)	Rs.	(17,858)
Rupee corporate debt securities		353,888			4,717			2,360		(2,360)		(4,717)
Total	Rs.	776,956		Rs.	22,577		Rs.	11,344	Rs.	(11,343)	Rs.	(22,575)

	Change in interest rates (in basis points) – Foreign currency
	Portfolio Size		(100)	(50)		50	100
(in millions)
Foreign government securities	Rs.	40,604		Rs.	49		Rs.	25	Rs.	(25)	Rs.	(49)
Foreign corporate debt securities		2,218			40			20		(20)		(40)
Total	Rs.	42,822		Rs.	89		Rs.	45	Rs.	(45)	Rs.	(89)

The following table sets forth, using the fixed income portfolio at year-end fiscal 2025 as the base, one possible prediction of the impact of changes in interest rates on the value of our fixed income held-for-trading portfolio, assuming a parallel shift in interest rate curve.

	Change in interest rates (in basis points) – Rupee
	Portfolio Size		(100)	(50)		50	100
(in millions)
Government of India securities	Rs.	602,044		Rs.	26,514		Rs.	13,319	Rs.	(13,298)	Rs.	(26,479)
Rupee corporate debt securities		414,277			7,863			3,940		(3,937)		(7,858)
Total	Rs.	1,016,321		Rs.	34,377		Rs.	17,259	Rs.	(17,235)	Rs.	(34,337)

	Change in interest rates (in basis points) – Foreign currency
	Portfolio Size		(100)	(50)		50	100
(in millions)
Foreign government securities	Rs.	35,782		Rs.	27		Rs.	14	Rs.	(14)	Rs.	(27)
Foreign corporate debt securities		2,353			69			34		(34)		(69)
Total	Rs.	38,135		Rs.	96		Rs.	48	Rs.	(48)	Rs.	(96)

Value at risk on equity shares (Proprietary trading book)

ICICI Bank computes value-at-risk using historical simulation model for limit monitoring purposes. The value-at-risk is calculated using the previous one-year market data at a 99% confidence level and a holding period of one day.

The following table sets forth the high, low, average and period-end value-at-risk for the equities portfolio of the proprietary trading group of ICICI Bank for fiscal 2025 and fiscal 2026.

Fiscal 2025 · At March · Fiscal 2026 · At March
	High		Low	Average		31, 2025	High		Low	Average		31, 2026
	Rs. in million
Value-at-risk		118.2			0.7			51.1			24.9		136.6	3.8	51.6	35.0

We monitor the effectiveness of the value-at-risk model by regularly back-testing its performance. Statistically, we would expect to see hypothetical losses in the treasury portfolio in excess of value-at-risk only one percent of the time over a one-year period i.e, where hypothetical losses in the treasury portfolio exceed value-at-risk in three instances. During fiscal 2026, there were two instances of hypothetical loss exceeding the value-at-risk estimates for the equity portfolio of the proprietary trading group. As per the Basel Committee on Banking Supervision (“BCBS”) framework titled “Supervisory Framework for the Use of ‘Backtesting’ in Conjunction with the Internal Models Approach to Market Risk Capital Requirements”, the model falls within the green zone category (i.e. up to 4 backtest exceptions in 250 trading days), which means the backtesting results do not themselves suggest a problem with the quality or accuracy of the Bank’s model.

The Bank also conducts periodic internal stress testing for its treasury portfolios including its equity portfolio. Based on the results of the internal stress testing assessment conducted by the Bank, the Bank believes it is adequately capitalized.

While value-at-risk is an important tool for measuring market risk under normal market conditions, it has inherent limitations that should be taken into account, including its inability to accurately predict future losses when extreme events are affecting the markets, because it is based on the assumption that historical market data is indicative of future market performance. Moreover, different value-at-risk calculation methods use different assumptions and hence may produce different results. For example, computing value-at-risk at the close of the business day would exclude intra-day risk. There is also a general possibility that the value-at-risk model may not fully capture all the risks present in the portfolio.

Derivatives and Foreign Exchange Risk (Trading)

The following table sets forth, using the outstanding notional principal of trading derivatives and foreign exchange portfolio at year-end as the base, one possible prediction of the impact of changes in interest rates on the value of our trading derivatives and foreign exchange portfolio, assuming a parallel shift in interest rate curve.

	Change in interest rates (in basis points)
	Portfolio Size(1)		(100)	(50)		50	100
(in millions)
Interest rate derivatives	Rs.	41,670,181		Rs.	(12,760)		Rs.	(6,401)	Rs.	6,401	Rs.	12,760
Currency derivatives(2)		3,166,686			976			488		(488)		(976)
Foreign exchange		14,369,199			601			300		(300)		(601)
Total	Rs.	59,206,066		Rs.	(11,183)		Rs.	(5,613)	Rs.	5,613	Rs.	11,183

1.	Notional principal

2.	Includes futures, options and cross-currency interest rate swaps

	Change in interest rates (in basis points)
	Portfolio Size(1)		(100)	(50)		50	100
(in millions)
Interest rate derivatives	Rs.	51,894,372		Rs.	(10,960)		Rs.	(4,796)	Rs.	4,796	Rs.	10,960
Currency derivatives(2)		6,104,786			(99)			(49)		49		99
Foreign exchange		16,813,604			175			88		(88)		(175)
Total	Rs.	74,812,762		Rs.	(10,884)		Rs.	(4,757)	Rs.	4,757	Rs.	10,884

1.	Notional principal

2.	Includes futures, options and cross-currency interest rate swaps

The following table sets forth the possible prediction of the impact of change in foreign exchange rates on the value of the net open position of ICICI Group.

	Change in forex rates on the value of the net open position (in basis points)
	Net open position(1)		(100)	100
(in millions)
Total open position for ICICI Group	Rs.	6,494		Rs.	11,606	Rs.	4,634

	Change in forex rates on the value of the net open position (in basis points)
	Net open position		(100)	100
(in millions)
Total open position for ICICI Group	Rs.	9,990		Rs.	(4,764)	Rs.	13,379

1.	Net open position is computed as per the Reserve Bank of India regulatory requirement.

Credit spread risk

The following table sets forth, using our held-for-trading portfolio at year-end as the base, one possible prediction of the impact of changes in credit spreads on the value of the trading portfolio, assuming a parallel shift in credit spreads.

	Change in credit spread (in basis points)
	Portfolio Size		(100)	(50)		50	100
(in millions)
Corporate debt securities	Rs.	356,107		Rs.	4,757		Rs.	2,380	Rs.	(2,380)	Rs.	(4,757)

	Change in credit spread (in basis points)
	Portfolio Size		(100)	(50)		50	100
(in millions)
Corporate debt securities	Rs.	416,630		Rs.	7,932		Rs.	3,975	Rs.	(3,971)	Rs.	(7,927)

Loan Concentration

We follow a policy of portfolio diversification and evaluate our total financing exposure to a particular industry in the light of our forecasts of growth and profitability for that industry. ICICI Bank’s policy is to limit its portfolio to any particular industry (other than retail loans) to 15.0% of its total exposure. In addition, we have a framework for managing concentration risk with respect to single borrower and group exposures, based on the internal rating and track- record of the borrowers. See also*-“Risk Management—Credit Risk”.* The exposure limits for lower rated borrowers and groups are substantially lower than the regulatory limits.

The following table sets forth, at the dates indicated, the composition of our gross advances.

	At March 31,
	2025(3)		2026
Amount · As a % · Amount · Amount · As a %
(in millions, except percentages)
Retail finance(1)	Rs.	7,646,497		53.1%	Rs.	8,527,100	US$93,264	51.3%
Wholesale/Retail trade		965,633		6.7		1,211,471	13,250	7.3
Rural retail		814,661		5.7		1,049,618	11,480	6.3
Services-finance		836,247		5.8		814,474	8,908	4.9
Real Estate Activities		484,056		3.4		600,459	6,567	3.6
Services - Non finance		489,742		3.4		595,104	6,509	3.6
Road, port, telecom, urban development & other infrastructure		387,282		2.7		380,241	4,159	2.3
Crude petroleum/refining & petrochemicals		115,090		0.8		190,967	2,089	1.1
Chemicals & fertilisers		119,869		0.8		164,560	1,800	1.0
Manufacturing products (excluding metal)		299,846		2.1		377,082	4,124	2.3
Food & beverages		144,353		1.0		169,820	1,857	1.0
Construction		216,476		1.5		243,624	2,665	1.5
Iron and steel (including iron and steel products)		186,084		1.3		234,232	2,562	1.4
Textile		201,298		1.4		231,246	2,529	1.4
Gems & jewellery		156,376		1.1		224,933	2,460	1.4
Electronics & engineering		270,246		1.9		316,445	3,461	1.9
Others (2)		1,055,538		7.3		1,289,167	14,100	7.8
Gross advances (loans)		14,389,294		100.0%		16,620,543	181,784	100.0%
Allowance for advances (loan) losses		(182,657)				(173,963)	(1,903)
Net advances (loans)	Rs.	14,206,637			Rs.	16,446,580	US$179,881

1.	Includes home loans, automobile loans, commercial business loans, personal loans, credit cards, two wheeler loans and loans against securities.

2.	Primarily include developer financing portfolio, mining, cement, drugs and pharmaceuticals, shipping, metal and metal products (excluding iron and steel), power, automobiles and fast moving consumer goods.

3.	Prior period figures have been re-grouped, where necessary.

Our capital allocation is focused on building a granular portfolio and sustainably improving our portfolio quality. Gross retail finance advances increased by 11.5% in fiscal 2026 compared to an increase of 15.5% in total gross advances in fiscal 2026. As a result, retail finance decreased from 53.1% of gross loans at year-end fiscal 2025 to 51.3% of gross loans at year-end fiscal 2026.

At year-end fiscal 2026, our 20 largest borrowers accounted for 4.2% of our gross loan portfolio, with the largest borrower accounting for 0.6% of our gross loan portfolio. The largest group of companies under the same management control accounted for 1.0% of our gross loan portfolio at year-end fiscal 2026.

Maturity profile of loans

The following table sets forth, for the periods indicated, the maturity profile of loans net of allowance for losses

Due within 1 year · Due between 1 to 5 years · Due between 5 to 15 years · Due in more than 15 years · Total
(in millions)
Commercial loans	Rs.	2,915,769	Rs.	3,800,861	Rs.	543,468	Rs.	8,879	Rs.	7,268,977
Consumer loans		2,088,628		3,663,906		2,988,011		437,058		9,177,603
Total	Rs.	5,004,397	Rs.	7,464,767	Rs.	3,531,479	Rs.	445,937	Rs.	16,446,580

Due within 1 year · Due between 1 to 5 years · Due between 5 to 15 years · Due in more than 15 years · Total
(in millions)
Commercial loans	Rs.	4,390,424	Rs.	1,180,311	Rs.	485,706	Rs.	12,404	Rs.	6,068,845
Consumer loans		1,636,133		3,000,340		2,690,460		810,859		8,137,792
Total	Rs.	6,026,557	Rs.	4,180,651	Rs.	3,176,166	Rs.	823,263	Rs.	14,206,637

Loan portfolio – by fixed or variable interest rate

The following table sets forth, at the date indicated, the amount of our loans with residual contractual maturities greater than one year that had fixed and variable interest rates.

Fixed rate loans · Variable rate loans · Total
(in millions)
Commercial loans	Rs.	473,501	Rs.	3,879,707	Rs.	4,353,208
Consumer loans and credit card receivable		2,257,311		4,831,664		7,088,975
Lease financing		..		..		..
Total loans with maturity greater than 1 year	Rs.	2,730,812	Rs.	8,711,371	Rs.	11,442,183

Fixed rate loans · Variable rate loans · Total
(in millions)
Commercial loans	Rs.	126,029	Rs.	1,552,392	Rs.	1,678,421
Consumer loans and credit card receivable		2,175,469		4,326,190		6,501,659
Lease financing		..		..		..
Total loans with maturity greater than 1 year	Rs.	2,301,498	Rs.	5,878,582	Rs.	8,180,080

Directed Lending

The Reserve Bank of India requires banks to lend to certain sectors of the economy. Such directed lending comprises priority sector lending and export credit. ICICI Bank is required to comply with the priority sector lending requirements prescribed by the Reserve Bank of India from time to time. As prescribed in the Reserve Bank of India guideline, the Bank’s priority sector lending achievement is computed on quarterly average basis. During fiscal 2026, the Bank purchased Priority Sector Lending Certificates amounting to Rs. 1,834.0 billion (fiscal 2025: Rs. 1,183.7 billion) and sold Priority Sector Lending Certificates amounting to Rs. 1,554.1 billion (fiscal 2025: Rs. 1,228.9 billion). See also*“Supervision and Regulation—Regulations Relating to Loans and Advances—Directed Lending—Priority Sector Lending”.*

The following table sets forth, for the periods indicated, ICICI Bank’s average priority sector lending:

Fiscal 2025 · Fiscal 2026
Amount · % of adjusted net bank credit · Amount · % of adjusted net bank credit · Target (% of adjusted net bank credit)
(in billions, except percentages)
Agriculture Sector	Rs.	2,025.15	18.00%	Rs.	2,294.06	US$24.4	17.75%	18.00%
- Small and marginal farmers		1,197.77	10.65%		1,362.24	14.5	10.54%	10.00%
- Non-corporate farmers		1,627.61	14.47%		1,768.17	18.8	13.68%	14.00%
MSMEs		2,640.66	..		3,290.90	35.1	..	..
- Micro enterprises		882.04	7.84%		1,181.30	12.6	9.14%	7.50%
Other priority sector		253.86	..		(355.86)	(3.8)	..	..
Total priority sector lending	Rs.	4,919.67	43.72%	Rs.	5,229.10	US$55.7	40.47%	40.00%
- Weaker sections	Rs.	1,377.63	12.24%	Rs.	1,638.67	US$17.5	12.68%	12.00%

The priority sector lending master circular issued by the Reserve Bank of India requires that banks having any shortfall in lending to priority sector shall be allocated amounts for contribution to the Rural Infrastructure Development Fund established with National Bank for Agriculture and Rural Development and other Funds as decided by the Reserve Bank of India from time to time. The Bank may be required by the Reserve Bank of India to deposit with the Rural Infrastructure Development Fund and other related funds, certain amounts as specified by the Reserve Bank of India in the coming year due to the shortfall in the above-mentioned sub-categories of priority sector lending targets. At year-end fiscal 2026, our total investment in funds of government sponsored development banks due to shortfall in lending to priority sectors was Rs. 103.7 billion, which was fully eligible for consideration in overall priority sector achievement.

Export Credit

The Reserve Bank of India requires banks to make loans to exporters at concessional interest rates as part of directed lending. Export credit is provided for pre-shipment and post-shipment requirements of exporter borrowers in rupees and foreign currencies. Export credit in the agriculture, MSMEs sectors is permitted to be categorized as priority sector lending. Additionally, the Export credit is extended as priority sector lending basis the classification criteria specified by the Reserve Bank of India. The interest income earned on export credits is supplemented through fees and commissions earned from these exporter customers from other fee-based products and services taken by them from us, such as foreign exchange products and bill handling. As at March 31, 2026, ICICI Bank’s export credit was Rs. 163.1 billion, which amounted to 1.23% of the Bank’s adjusted net bank credit.

Non-performing loans

The following table sets forth, at the dates indicated, gross (net of write-offs, interest suspense and derivatives income reversal) non-performing loans by borrowers’ industry or economic activity and as a percentage of total non-performing loans.

	At March 31,
2025 · 2026
Amount · As a percentage of non-performing loans · Amount · Amount · As a percentage of non-performing loans
(in millions, except percentages)
Retail finance(1)	Rs.	90,386	37.1%	Rs.	76,904	US$820	32.8%
Rural finance(2)		43,396	17.8		47,488	506	20.3
Wholesale/retail trade		14,257	5.9		17,125	183	7.3
Crude petroleum/refining and petrochemicals		16,912	7.0		17,070	182	7.3
Electronics and engineering		12,653	5.2		12,585	134	5.4
Construction		11,529	4.7		11,164	119	4.8
Services—non finance		6,798	2.8		7,964	85	3.4
Roads, ports, telecom, urban development & other infrastructure		8,654	3.6		6,283	67	2.7
Iron/steel and products		4,484	1.8		4,483	48	1.9
Mining		3,510	1.4		3,755	40	1.6
Power		3,857	1.6		3,688	39	1.6
Gems & jewellery		2,393	1.0		2,402	26	1.0
Manufacturing products (excluding metal)		1,417	0.6		2,208	24	0.9
Other Industries(3)		23,064	9.5		21,154	224	9.0
Gross non-performing loans	Rs.	243,310	100.0%	Rs.	234,273	US$2,497	100.0%
Aggregate provision for loan losses		(181,756)			(173,316)	(1,847)
Net non-performing loans	Rs.	61,554		Rs.	60,957	US$650

(1)	Includes home loans, commercial business loans, automobile loans, business banking, credit cards, personal loans, loans against securities and dealer financing portfolio.

(2)	Includes kisan credit card and jewel loans to customers from rural and urban areas.

(3)	Other industries primarily include developer financing portfolio, automobiles, cement, shipping, food and beverages, chemical and fertilizers, textile, drugs and pharmaceuticals, metal and products (excluding iron and steel) services – finance and fast moving consumer goods.

See*“Operating and Financial Review and Prospects—Executive Summary—Certain Factors Affecting Our Results of Operations—Trends in fiscal 2026*”.

Restructured loans

The following table sets forth, at the dates indicated, gross restructured loans by borrowers’ industry or economic activity and as a percentage of total gross restructured loans.

	At March 31,
2025 · 2026
Amount · As a percentage of restructured loans · Amount · Amount · As a percentage of restructured loans
(in millions, except percentages)
Retail finance	Rs.	21,587	91.5%	Rs.	16,764	US$179	91.7%
Wholesale/Retail Trade		59	0.2		686	7	3.8
Construction		1,351	5.7		220	2	1.2
Roads, port, telecom, urban development & other infrastructure		255	1.1		212	2	1.2
Services – Non finance		154	0.7		208	2	1.1
Others(1)		192	0.8		183	2	1.0
Gross restructured loans	Rs.	23,598	100.0%	Rs.	18,273	US$194	100.0%
Aggregate provision for loan losses		(900)			(647)	(7)
Net restructured loans(2)	Rs.	22,698		Rs.	17,626	US$187

(1)	Others primarily include automobile, textiles, food and beverages, wholesale/retail trade, services-non finance, services-finance, manufacturing products (excluding metal) and gems and jewellery.

(2)	In addition, the Bank holds general provision amounting to Rs. 4.8 billion at year-end fiscal 2026 (year-end fiscal 2025: Rs. 6.0 billion) on these restructured loans, subject to minimum provisioning requirement as per the guidelines issued by the Reserve Bank of India.

Key ratios-Asset quality

The following table sets forth, for the periods indicated, our key ratios on asset quality.

	At or for the year ended March 31,
	2025	2026
(Rs. in millions, except percentages)
Gross restructured loans as a percentage of gross loans	0.16%	0.11%
-Gross restructured loans	23,598	18,273
-Total gross loans	14,389,294	16,620,543
Gross non-performing loans as a percentage of gross loans	1.69	1.41
-Gross non-performing loans	243,310	234,273
-Total gross loans	14,389,294	16,620,543
Net restructured loans as a percentage of net loans	0.16	0.11
-Net restructured loans	22,698	17,626
-Total net loans	14,206,637	16,446,580
Net non-performing loans as a percentage of net loans(1)	0.43	0.37
-Net non-performing loans	61,554	60,957
-Total net loans	14,206,637	16,446,580
Provision on restructured loans as a percentage of gross restructured loans(2)	3.81	3.54
-Provision on restructured loans	900	647
-Gross restructured loans	23,598	18,273
Provision on non-performing loans as a percentage of gross non-performing loans	74.70	73.98
-Provision on non-performing loans	181,756	173,316
-Gross non-performing loans	243,310	234,273
Provision as a percentage of gross loans(3)	2.71%	2.41%
-Provisions	390,090	400,090
-Total gross loans	14,389,294	16,620,543

(1)	Includes loans identified as non-performing/impaired in line with the guidelines issued by regulators of the respective subsidiary.

(2)	In addition, the Bank holds 25% general provision on restructured assets (including general provision required as per the guidelines issued by the Reserve Bank of India).

(3)	Includes general provision on standard assets.

Net loan write-offs and Provision on non-performing loans

The table presents net loan write-offs and percentage of average loans for the periods indicated.

March 31, 2025 · March 31, 2026
Average loan portfolio · Net loan write-offs(1) · % of average gross loans · Net loan write-offs(1) · % of average gross loans
(in millions, except percentages)
Commercial loans	Rs.	22,684	0.40%	Rs.	(294)	..
Consumer loans		59,055	0.74		61,538	0.70%
Lease financing		..	..		..	..
Total loans	Rs.	81,739	0.60%	Rs.	61,244	0.45%

(1)	Net loan write-offs is the difference between gross loan write-offs and recoveries from written-off amounts.

Net loan write-offs as a percentage of our average total loan portfolios were 0.45% in the fiscal 2026 as compared to 0.60% in the fiscal 2025.

The following table shows an allocation of ICICI Group’s total provision on non-performing loans and the percentage of loans in each category to total gross loans for the periods indicated.

March 31, 2025 · March 31, 2026
Amount · % of loans in each category to total gross loans · Amount · % of loans in each category to total gross loans
(in millions, except percentages)
Commercial loans	Rs.	96,741	42.8%	Rs.	92,086	44.3%
Consumer loans		85,015	57.2		81,230	55.7
Lease financing		..	..		..	..
Total loans	Rs.	181,756	100.0%	Rs.	173,316	100.0%

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