Business Description
ICICI Bank Limited, a prominent financial institution with its various subsidiaries, delivers a comprehensive suite of banking and financial solutions. These services cater to both individual consumers (retail) and corporate entities, spanning operations across India and global markets. Its business activities are organized into distinct segments: Retail Banking, Wholesale Banking, Treasury operations, other banking functions, Life Insurance, and additional miscellaneous areas. The bank facilitates a wide array of deposit options, accommodating diverse account types such as savings, salary, pension, current, trade, escrow, foreign currency, and vostro accounts. Furthermore, it offers various deposit schemes, including time, fixed, recurring, and security deposits. ICICI Bank extends a broad spectrum of credit facilities. For individuals, these encompass financing for homes, automobiles, two-wheelers, personal needs, and gold, alongside commercial business loans and loans secured against various assets. Businesses benefit from offerings such as working capital finance, term loans, collateral-free credit, loans for entities without traditional financial records, import/export financing, and overdraft facilities. Additionally, the bank supports new businesses and provides loans based on card swipe transactions. Its card portfolio encompasses credit, debit, prepaid, travel, forex, and corporate cards. Digital solutions include the Pockets wallet. The bank also deals in fixed income instruments and a variety of investment products, such as mutual funds, gold monetization schemes, initial public offerings (IPOs), and other online investment platforms. Specific services target the agricultural and rural sectors, offering agri-business support, farmer finance, tractor loans, and micro-banking solutions. Beyond these, the institution delivers portfolio management, trade finance, foreign exchange services, locker facilities, specialized private and NRI (Non-Resident Indian) banking, and efficient cash management. It also supports family wealth management and dematerialized (Demat) accounts. For larger clients, it extends commercial and investment banking, capital market services, custodial services, and institutional banking. The bank facilitates access to various insurance products, including health, personal accident, fire, and motor insurance, and acts as a distributor for both general and life insurance policies. Customers can conveniently access banking services through internet, mobile, and phone channels. Through its various arms, ICICI Bank provides securities investment, broking, trading, and underwriting services. Its extensive offerings also cover merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, managing points of presence, and private equity/venture capital fund management. Established in 1955, the bank's headquarters are situated in Mumbai, India.
Business History
Price Overview
Last updated: Jun 29, 2026 4:48am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 151.78
Total Equity: $3,630.60B
Shares: 3,624,963,000
Total Debt: $2,202.64B
Cash: $2,649.81B
EBITDA: $804.43B
Total Debt: $2,202.64B
Cash: $2,649.81B
Revenue: $3,121.18B
Revenue: $3,121.18B
Revenue: $3,121.18B
Total Equity: $3,630.60B
Tax Rate: 25.1%
Equity: $3,630.60B
Total Debt: $2,202.64B
Cash: $2,649.81B
Current Liabilities: $18,300.20B
Long-Term Debt: $2,202.64B
Total Debt: $2,202.64B
Total Equity: $3,630.60B
Shares: 3,624,963,000
Shares: 3,624,963,000
CapEx: -$37.30B
Shares: 3,624,963,000
Stock Price: $29.55
Net Income: $542.08B
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $1.6T | $1.8T | $2.4T | $2.9T | $3.1T |
| Cost of Revenue | $586.0B | $560.9B | $750.7B | $939.3B | $946.7B |
| Gross Profit | $989.3B | $1.3T | $1.6T | $2.0T | $2.2T |
| Operating Expenses | $723.9B | $813.9B | $987.4B | $1.3T | $1.4T |
| Operating Income | $265.4B | $472.5B | $615.1B | $730.0B | $773.2B |
| Net Income | $251.1B | $340.4B | $442.6B | $510.3B | $542.1B |
| EBITDA | $280.1B | $488.9B | $635.0B | $1.6T | $804.4B |
| EPS | $72.42 | $97.72 | $126.38 | $144.82 | $151.78 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.1T | $1.6T | $1.9T | $2.4T | $2.6T |
| Total Current Assets | $2.7T | $2.3T | $2.6T | $3.1T | $2.6T |
| Total Assets | $17.5T | $19.6T | $23.6T | $26.4T | $29.1T |
| Current Liabilities | $11.1T | $12.3T | $14.7T | $16.7T | $18.3T |
| Long-Term Debt | $1.5T | $1.7T | $1.8T | $1.8T | $2.2T |
| Total Liabilities | $15.6T | $17.4T | $20.9T | $23.1T | $25.3T |
| Total Equity | $1.8T | $2.1T | $2.6T | $3.1T | $3.6T |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 |
Cash Flow (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $796.0B | $577.2B | $1.6T | $822.2B | $673.3B |
| Capital Expenditure | -$18.9B | -$25.2B | -$36.8B | -$48.3B | -$37.3B |
| Free Cash Flow | $777.1B | $552.0B | $1.5T | $773.9B | $636.0B |
| Acquisitions (net) | $1.2B | $2.9B | $0 | $653.7M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $263.1B | $0 | $509.6B |
Analyst Estimates (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$1.4T $1.4T – $1.4T
|
$1.6T $1.6T – $1.6T
|
$1.8T $1.7T – $1.9T
|
$2.1T $2.0T – $2.2T
|
| EBITDA |
$656.9B $654.6B – $659.7B
|
$752.6B $748.9B – $757.2B
|
$868.3B $815.1B – $913.4B
|
$1.0T $961.4B – $1.1T
|
| Net Income |
$574.3B $553.7B – $594.9B
|
$661.7B $644.4B – $679.0B
|
$762.5B $701.8B – $814.0B
|
$936.5B $861.9B – $999.7B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +17.3% | +27.4% | +25.2% | +6.0% |
| Gross Profit Growth | +30.0% | +24.6% | +25.2% | +8.4% |
| Operating Income Growth | +78.1% | +30.2% | +18.7% | +5.9% |
| Net Income Growth | +35.5% | +30.0% | +15.3% | +6.2% |
| EBITDA Growth | +74.6% | +29.9% | +159.4% | -51.2% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-17 | Banerjee Anindya | A-Award | 125,600.00 | $14.48 | $1.8M |
| 2026-05-01 | Banerjee Anindya | A-Award | 125,600.00 | $14.18 | $1.8M |
| 2026-05-05 | Batra Sandeep | M-Exempt | 20,125.00 | $2.26 | $45,483 |
| 2026-05-05 | Batra Sandeep | M-Exempt | 20,125.00 | $2.26 | $45,483 |
| 2026-05-05 | Gupta Ajay K | M-Exempt | 18,200.00 | $2.98 | $54,236 |
| 2026-05-05 | Gupta Ajay K | M-Exempt | 41,400.00 | $4.23 | $175,122 |
| 2026-05-05 | Gupta Ajay K | M-Exempt | 41,400.00 | $4.23 | $175,122 |
| 2026-05-05 | Gupta Ajay K | M-Exempt | 18,200.00 | $2.98 | $54,236 |
| 2026-04-24 | Jha Rakesh | S-Sale | 45,000.00 | $14.08 | $633,600 |
| 2026-04-28 | Bakhshi Sandeep | M-Exempt | 53,900.00 | $2.36 | $127,204 |
| 2026-04-28 | Bakhshi Sandeep | M-Exempt | 20,000.00 | $2.51 | $50,200 |
| 2026-04-28 | Bakhshi Sandeep | M-Exempt | 53,900.00 | $2.36 | $127,204 |
| 2026-04-28 | Bakhshi Sandeep | M-Exempt | 20,000.00 | $2.51 | $50,200 |
| 2026-04-28 | Jha Rakesh | M-Exempt | 70,125.00 | $2.27 | $159,184 |
| 2026-04-28 | Jha Rakesh | M-Exempt | 70,125.00 | $2.27 | $159,184 |
| 2026-04-21 | Jha Rakesh | S-Sale | 90,000.00 | $14.94 | $1.3M |
| 2026-04-23 | Jha Rakesh | S-Sale | 45,000.00 | $14.49 | $652,050 |
| 2026-04-21 | Bakhshi Sandeep | S-Sale | 24,999.00 | $14.95 | $373,735 |
| 2026-04-21 | Gupta Ajay K | M-Exempt | 31,350.00 | $3.02 | $94,677 |
| 2026-04-21 | Gupta Ajay K | M-Exempt | 7,950.00 | $2.54 | $20,193 |
Dividend History (Last 20)
Last updated: Jun 29, 2026 4:48am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2025-08-12 | $0.25 | 2025-07-09 | 2025-08-12 | 2025-09-08 |
| 2024-08-12 | $0.24 | 2024-08-01 | 2024-08-12 | 2024-09-06 |
| 2023-08-08 | $0.19 | 2023-07-19 | 2023-08-09 | 2023-09-08 |
| 2022-08-09 | $0.11 | 2022-07-13 | 2022-08-10 | 2022-09-07 |
| 2021-07-28 | $0.05 | 2021-07-28 | 2021-07-29 | 2021-09-03 |
| 2019-07-23 | $0.03 | 2019-07-15 | 2019-07-24 | 2019-08-13 |
| 2018-08-24 | $0.04 | 2018-06-13 | 2018-08-27 | 2018-09-14 |
| 2017-06-19 | $0.07 | 2017-06-05 | 2017-06-21 | 2017-07-03 |
| 2016-06-14 | $0.14 | 2016-06-03 | 2016-06-16 | 2016-07-14 |
| 2015-06-03 | $0.14 | 2015-06-05 | 2015-07-02 | |
| 2014-07-01 | $0.76 | 2014-06-30 | 2014-06-06 | 2014-07-02 |
| 2013-05-29 | $0.67 | 2013-05-31 | 2013-06-27 | |
| 2012-05-30 | $0.57 | 2012-06-01 | 2012-06-28 | |
| 2011-06-01 | $0.62 | 2011-06-03 | 2011-06-30 | |
| 2010-06-09 | $0.52 | 2010-06-11 | 2010-07-01 | |
| 2009-06-10 | $0.46 | 2009-06-12 | 2009-07-09 | |
| 2008-07-09 | $0.52 | 2008-07-11 | 2008-08-05 | |
| 2007-06-13 | $0.50 | 2007-06-15 | 2007-08-02 | |
| 2006-07-06 | $0.36 | 2006-07-10 | 2006-07-31 | |
| 2005-08-03 | $0.39 | 2005-08-05 | 2005-08-29 |
Narrative Economics
market-narrative step).