The bank's strategic focus is on growing profit before tax through a 360-degree customer-centric approach by serving opportunities across ecosystems and micro markets, while maintaining high standards of governance and deepening coverage with focus on simplicity and operational resilience. The domestic loan portfolio grew by 11.5% year-on-year, indicating strong lending growth.
Cyborg Score Rationale
The score is driven primarily by strong profitability/growth and a solid balance-sheet profile, partially offset by weak operating/free cash flow. The bank's net NPA ratio improved to 0.37% from 0.39% in the previous quarter, reflecting better asset quality, and maintained a strong capital position with a CET1 ratio of 16.46% and a total capital adequacy ratio of 17.34%.
The credit card portfolio declined by 3.5% year-on-year and 6.7% sequentially, indicating challenges in this segment.
ICICI received RBI approval to acquire up to 9.95% in eight listed Indian banks including Bandhan Bank, City Union Bank, Equitas Small Finance Bank, Federal Bank, IDFC First Bank, HDFC Bank, The Karur Vysya Bank and RBL Bank.
Noninterest income excluding treasury grew by 13.2% year-on-year to INR 73.56 billion, with fee income increasing 10.1% year-on-year to INR 64.91 billion.
Named Competitors
HDFC Bank — Leading private sector bank in India
Axis Bank — Major private sector bank with retail and corporate focus
SBI — Largest public sector bank in India
Recent Developments
(Feb 2026) RBI approved ICICI Prudential Asset Management to acquire up to 9.95% stakes in eight listed Indian banks
(Jan 2026) Q3 FY2026 results approved by board; core operating profit grew 6% YoY to ₹175.13 billion
(Jan 2026) Board re-appointed MD&CEO Sandeep Bakhshi and ED Ajay Kumar Gupta for further two-year terms pending approvals
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