ICICI Bank board has approved borrowings of up to USD 5.00 billion through bonds, notes, and offshore certificates of deposit.

Borrowing structure and instruments

The board-approved borrowing programme covers three distinct debt instruments, giving the bank flexibility in how it accesses international capital markets. The following table summarises the key details of the approved borrowing:

Key highlights

• The borrowing limit is set at up to USD 5.00 billion.
• Three instrument types are covered: bonds, notes, and offshore certificates of deposit.
• The approval was granted by ICICI Bank's Board of Directors in a meeting held on August 21, 2026.

ICICI Bank reported a 15.9% year-on-year increase in profit after tax to ₹148.05 billion for the quarter ended June 30, 2026. The lender’s advances expanded by 19.6% to ₹16,312.60 billion, supported by robust growth in business banking and retail segments.

The board recommended a final dividend of ₹12 per share for FY26 during its 32nd Annual General Meeting on August 21, 2026. This payout follows a full-year PAT of ₹501.47 billion for FY26, which marked a continuation of the bank’s disciplined execution strategy.

Financial Performance

Profit before tax excluding treasury grew by 20.9% year-on-year to ₹189.75 billion in Q1FY27. For the full fiscal year FY26, profit before tax excluding treasury stood at ₹650.21 billion, compared to ₹607.13 billion in FY25. Profit after tax for FY26 was ₹501.47 billion, up from ₹472.27 billion in the prior year.

Balance Sheet Growth

Total period-end deposits reached ₹18,335.86 billion at June 30, 2026, reflecting a 14.0% year-on-year growth. Average deposits for the quarter also rose by 14.0% to ₹17,480.28 billion. At the end of FY26, total deposits stood at ₹17,946.25 billion, with term deposits constituting 58.6% of the mix.

Advances showed stronger momentum, growing by 19.6% year-on-year to ₹16,312.60 billion at June 30, 2026. Domestic advances specifically increased by 18.8% to ₹15,809.85 billion. In FY26, total advances were ₹15,538.93 billion, with retail loans accounting for 50.5% of the portfolio.

Asset Quality and Capital

Asset quality remained stable with a net NPA ratio of 0.35% at June 30, 2026. The provision coverage ratio was recorded at 74.7%. Gross NPAs had declined steadily over the past four years, reaching ₹230.52 billion at the end of FY26 from ₹339.20 billion in FY22.

The bank maintained a healthy capital position with a Common Equity Tier 1 (CET-1) ratio of 16.19% and a total capital adequacy ratio of 16.84% at the end of Q1FY27. These figures include profits for the quarter. At the end of FY26, the CET-1 ratio was 16.35% after reckoning the impact of the proposed dividend.

What the Numbers Show

The divergence between deposit growth (14.0%) and advance growth (19.6%) in Q1FY27 suggests an aggressive credit expansion phase. With business banking’s share of the loan book rising to 21.1% in FY26 from 14.5% in FY22, the bank is shifting its risk profile toward smaller corporate segments while maintaining low asset quality ratios.

ESG Initiatives

ICICI Bank increased renewable energy usage in its total electricity consumption to 48% in FY26, up from 38% in FY25. The bank continues to progress toward carbon neutrality in Scope 1 and 2 emissions. Over 19.8 million individuals benefited from CSR initiatives in healthcare and livelihood development as of March 31, 2026.