ICICI Bank Announces Latest Equity Share Allotments Under Employee Stock Programs

ICICI Bank , one of India's leading private sector banks, has announced multiple equity share allotments under its employee stock programs. The latest allotments demonstrate the bank's continued commitment to employee incentivization and retention through equity participation across different schemes.

Recent Allotment Details

The bank has completed two separate allotments within a span of two days, showcasing active implementation of its employee stock programs.

Latest Allotment Under Stock Unit Scheme

On January 8, 2026, ICICI Bank allotted 21,490 equity shares under the ICICI Bank Employees Stock Unit Scheme-2022. This allotment received approval from two Executive Directors at 4:52 p.m., marking the time of the final approval.

Previous Allotment Under Stock Option Scheme

Just two days earlier, on January 6, 2026, the bank had allotted 142,357 equity shares under the ICICI Bank Employees Stock Option Scheme-2000, with approval granted at 9:45 a.m.

Approval Process and Authorization

Both allotments received approval from two Executive Directors of ICICI Bank under powers delegated by the Board of Directors during their meeting held on October 21, 2023. This streamlined approval process ensures efficient execution of employee stock programs while maintaining proper governance protocols.

Strategic Importance of Employee Stock Programs

Employee Stock Option and Stock Unit Schemes serve as crucial tools for ICICI Bank to achieve multiple strategic objectives. These programs help motivate employees to contribute to the bank's long-term success while retaining top talent in the competitive banking sector. By offering equity ownership through different schemes, the bank fosters a sense of ownership and commitment among its workforce, aligning employee interests with shareholder value creation.

Regulatory Compliance and Communication

ICICI Bank has formally communicated both allotments to BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance and transparency with market participants and stakeholders. The communications were signed by Prashant Mistry, Associate Leadership Team member, maintaining proper corporate governance protocols.

Moody's Ratings has reaffirmed ICICI Bank 's Baa3 long-term deposit ratings and baseline credit assessment (BCA) with a stable outlook, underscoring the bank's robust financial position and consistent performance in the Indian banking sector.

Key Highlights

• Moody's affirmed ICICI Bank's Baa3 long-term deposit ratings and baa3 BCA
• The stable outlook reflects expectations of continued strong financial performance
• ICICI Bank's diversified loan portfolio and above-industry-average profitability were cited as key strengths

Financial Performance

ICICI Bank's financial metrics demonstrate its strong position in the market:

The bank's profitability has shown significant improvement, with net profit increasing by 20.91% year-over-year to ₹54,418.70 crore in FY 2025. This growth is supported by a 24.81% increase in total revenue, reaching ₹294,586.90 crore.

Strength in Retail Banking

Moody's highlighted ICICI Bank's strong retail franchise as a key factor in its rating affirmation. The bank's access to low-cost deposits has contributed to its funding stability and profitability. As of September 2025, ICICI Bank reported a robust Common Equity Tier 1 ratio of 16.1%, which provides a substantial cushion against unexpected risks.

Asset Quality and Diversification

The bank's asset quality remains better than the industry average, with a gross non-performing loan (NPL) ratio of 1.6% as of September 2025, compared to the industry average of 2.3% as of March 2025. This reflects ICICI Bank's prudent risk management practices and the diversification of its loan portfolio.

Outlook and Future Prospects

Moody's stable outlook for ICICI Bank is based on expectations that the bank will maintain its strong financial performance. The rating agency anticipates that ICICI's profitability will remain largely stable, supported by healthy net interest margins and diversified non-interest income.

The bank's capital position is expected to remain adequate, with internal capital generation supporting its solvency. ICICI Bank's substantial holdings of government securities also provide adequate liquidity buffers, further strengthening its financial position.

Conclusion

The affirmation of ICICI Bank's Baa3 credit rating by Moody's reflects the bank's strong fundamentals and its important position in the Indian banking sector. With its diversified portfolio, robust retail franchise, and consistent financial performance, ICICI Bank is well-positioned to navigate the evolving economic landscape and maintain its competitive edge in the market.