Quarterly Result25 Jul 2025, 05:31 pm
ICICI Bank Ltd. Files Annual Report in Form 20-F for FY2025 with US$ 5,973 Million Profit
AI Summary
ICICI Bank Ltd. has filed its Annual Report in Form 20-F with the Securities and Exchange Commission for the year ended March 31, 2025. The consolidated profit after tax under Indian GAAP increased from US$ 5,180 million in FY2024 to US$ 5,973 million in FY2025. The consolidated net income under U.S. GAAP in FY2025 was US$ 6,011 million compared to US$ 7,184 million in FY2024. Stockholders’ equity as per U.S. GAAP was US$ 42.8 billion compared to the consolidated net worth as per Indian GAAP of US$ 36.7 billion at March 31, 2025.
Key Highlights
- ICICI Bank Ltd. filed its annual report in Form 20-F for the year ended March 31, 2025 with US$ 5,973 million profit after tax under Indian GAAP.
- The consolidated net income under U.S. GAAP in FY2025 was US$ 6,011 million.
- Stockholders’ equity as per U.S. GAAP was US$ 42.8 billion compared to the consolidated net worth as per Indian GAAP of US$ 36.7 billion at March 31, 2025.
- Differences in the basis of accounting between U.S. GAAP and Indian GAAP primarily relate to allowance for loan losses, business combinations, consolidation, valuation of securities and derivatives, amortization of fees and costs, securitization, income taxes and fixed assets.
- The Form 20-F annual report includes the Bank’s consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders’ equity respectively, under U.S. GAAP.