ICICI BANK LTD.

ICICI Bank Limited announced that its Board of Directors, in a meeting held on October 17, 2026, approved the unaudited financial results for the quarter and six months ended September 30, 2026. The board also approved filing an application with the RBI for the continuation of Mr. Pradeep Kumar Sinha as Non-executive Part-time Chairperson. The meeting commenced at 9:40 a.m. and concluded at 2:15 p.m. Limited review reports from joint statutory auditors were also enclosed.

ICICI Bank's consolidated net profit for Q2 FY27 (quarter ended September 30, 2026) rose 14.6% YoY to ₹16,333.18 Cr, from ₹14,256.40 Cr a year ago, on consolidated total income of ₹88,161.18 Cr (interest earned ₹55,991.91 Cr, +16.2% YoY). Sequentially growth was far more muted — PAT was up just 0.8% QoQ from ₹16,209.74 Cr, even as interest earned rose 7.2% QoQ, pointing to some margin give-back within the quarter. Standalone (bank-only) PAT came in stronger at ₹14,843.03 Cr, +20.1% YoY (vs ₹12,358.89 Cr) — nearly 5.5 percentage points ahead of consolidated's 14.6% YoY growth. That gap is explained by minority interest, not bank-level weakness: insurance subsidiaries grew faster and a larger slice of their profit now sits with minority holders, pulling the consolidated YoY rate below standalone's. Net interest income (interest earned less interest expended) came in at ₹30,335.64 Cr consolidated, landing within the ₹30,200–31,000 Cr band flagged in our pre-result preview. Operating margin (operating profit before provisions ÷ total income) expanded to 27.2% from 26.2% a year ago, but eased from 28.4% in Q1 FY27 — a sequential moderation consistent with the QoQ profit slowdown. Provisions stayed benign: standalone provisions (other than tax) of ₹850.69 Cr were lower than ₹914.11 Cr a year ago, and asset quality improved across the board — gross NPA ratio fell to 1.20% (from 1.58% YoY and 1.38% in Q1 FY27) and net NPA ratio to 0.30% (from 0.39% YoY). Loan growth was the standout: consolidated advances rose ~29.7% YoY to ₹19,35,385 Cr (standalone +30.0% YoY to ₹18,31,580 Cr), well ahead of the 18–20% band the Street was pricing in pre-result. No exceptional items appear in either statement this quarter or a year ago, so no reported-vs-adjusted PAT gap arises. Against our pre-result preview — which pegged PAT at ₹15,500–16,200 Cr and flagged NIM durability, loan growth and credit costs as the three watch items — the print beat on profit (above the top of range), beat decisively on loan growth, and credit costs stayed healthy, consistent with what management indicated on the prior concall (no formal quantitative FY27 targets were given, citing geopolitical uncertainty, but it guided to range-bound NIMs and 'risk-calibrated' loan growth — a stance the 30% YoY advances growth tests but doesn't contradict, since asset quality improved rather than deteriorated alongside it). This quarter's corporate developments add two threads: the Bank raised its stake in ICICI Life Insurance by 2.0% via stock exchange, recognizing ₹1,178.39 Cr of goodwill, even as Life Insurance's CEO Anup Bagchi resigned and was replaced by Sidharatha Mishra (October 2, 2026) — at a subsidiary now posting segment PBT up 25.5% YoY to ₹435.55 Cr. Separately, the Bank disclosed a ₹229 Cr GST demand notice received October 1, 2026, not reflected as an exceptional item in this result. No standalone press-release text was available in the context to cross-check against the filed numbers. Heading into Q3 FY27, the key markers are whether NII holds near the ₹30,000+ Cr run-rate as deposit costs normalize, whether the ~30% YoY loan growth pace is sustainable without diluting underwriting quality, and whether the larger stake in ICICI Life Insurance begins to shrink the ₹1,055.68 Cr minority-interest drag on consolidated PAT.

ICICI Bank Ltd will host a conference call for media at 4:00 p.m. IST and an earnings call for analysts and investors at 5:00 p.m. IST on October 17, 2026. The calls will discuss the bank's financial results for the quarter and six months ended September 30, 2026. Dial-in details and pre-registration links have been provided. Audio recordings and transcripts will be available on the bank's website.

ICICI Life Insurance Limited announced that the Board of Directors has accepted the resignation of Mr. Anup Bagchi as Managing Director & CEO, effective October 13, 2026. Concurrently, the Board approved the appointment of Mr. Sidharatha Mishra as the new Managing Director & CEO, effective October 14, 2026, or upon receipt of IRDAI approval, for a five-year term. Mr. Mishra will also serve as Chief Operating Officer from October 6, 2026. He will be transferred from ICICI Bank, ceasing his Senior Management Personnel role at the bank on October 5, 2026.

ICICI Bank Limited has received a show cause notice (SCN) from the Additional Commissioner, CGST and C. Ex, Mumbai East Commissionerate, demanding ₹229,14,35,396/- (₹229.14 Crore) along with applicable interest and penalty. The demand pertains to services provided by the bank to customers maintaining specified minimum balances. The bank is already engaged in litigation on similar past issues. Due to the materiality threshold being crossed by the cumulative amount, this notice is being reported. ICICI Bank plans to file a reply within the prescribed timelines.

ICICI Bank Limited has filed an amendment to its Annual Securities Report (ASR) originally submitted on September 18, 2026, to the Director of Kanto Regional Finance Bureau in Japan. The amendment pertains to the fiscal year ending March 31, 2026. The original ASR was filed in accordance with Japan's Financial Instruments and Exchange Law. The amendment addresses specific items requiring correction within the report. The filing was made on September 29, 2026. The amendment details a minor change in the reference to Article 328 of the Regulations Regarding Terminology, Format and Method of Preparation of Financial Statements, from item 1 to item 2.

ICICI Bank Limited has announced that its Board of Directors will convene on Saturday, October 17, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results, both standalone and consolidated, for the quarter and six months ending September 30, 2026. In light of this upcoming board meeting and in compliance with SEBI regulations on insider trading, the trading window for dealing in the bank's securities will be closed. This closure will affect all Designated Persons of the Bank, including Directors, and their immediate relatives, effective from October 1, 2026, until October 19, 2026 (inclusive of both dates).

ICICI Bank Ltd has announced that its Board of Directors will convene on Saturday, October 17, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results, both standalone and consolidated, for the quarter and six months ending September 30, 2026. In compliance with SEBI regulations, a trading window closure has been declared for all Designated Persons and their immediate relatives. This window will remain closed from October 1, 2026, to October 19, 2026 (inclusive).

ICICI Bank Limited has filed its Annual Securities Report (ASR) for the fiscal year April 1, 2025, to March 31, 2026, with the Director of Kanto Regional Finance Bureau in Japan, as required by the Financial Instruments and Exchange Law of Japan. The filing was made on September 18, 2026, through the EDINET system. An English translation of the report is available as an annexure, and the original filing can be accessed via a provided link. The report details the bank's financial performance and corporate information for the specified fiscal year.

ICICI Bank Limited has announced that the Reserve Bank of India (RBI) has granted approvals to ICICI Prudential Asset Management Company Limited (Applicant) to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in four specific banks: CSB Bank Limited, DCB Bank Limited, Kotak Mahindra Bank Limited, and AU Small Finance Bank Limited. These approvals are conditional upon the Applicant acquiring the major shareholding within one year from the RBI's letters dated September 8, 2026. The acquisition is in accordance with the RBI's Master Direction on Commercial Banks - Acquisition and Holding of Shares or Voting Rights, 2025.