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India's second-largest private-sector bank, offering retail and corporate banking, cards, and wealth management nationwide.
India's second-largest private-sector bank, offering retail and corporate banking, cards, and wealth management nationwide.
Earns mostly from the lending spread, now weighted heavily to retail loans after it cut back large corporate lending following the bad-loan problems of the mid-2010s. Fees from cards and wealth add to it, and its life and general insurance subsidiaries are listed separately.
In one line: India's Bank of America.
Moat: narrow (scale, distribution, brand). Large low-cost deposit franchise and branch/digital distribution across India.
Headquarters: Mumbai, India · Founded: 1994 · Employees: 124,324
Size ICICI Bank (ICICIBANK.NS) is an India Financials company (Regional Banks) with a market value of $119B, the 5th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,571 on 6 Nov 2026.
Performance Over six months the shares gained 22.9%, against +7.5% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 7.9% over the last twelve months (peer median +2.5%); the operating margin is 35.0% (peer median 35.1%).
Valuation It trades at 2.89× book value against a peer median of 1.24× (2nd most expensive of 20).
Price implies The share price implies a return on equity of about 36.7%; ICICI Bank delivers 16.3%, so the price asks more than the business earns today.
Next results Next results expected around 18 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹3.29T | ₹3.13T | ₹2.93T | ₹2.36T | ₹1.86T |
| Revenue growth | — | +7% | +24% | +27% | — |
| Net income | ₹591B | ₹542B | ₹510B | ₹443B | ₹340B |
| Free cash flow | n/a | ₹994B | ₹765B | ₹821B | ₹540B |
| Capital expenditure | n/a | ₹37.3B | ₹47.7B | ₹36.8B | ₹24.7B |
| Total debt | ₹2.96T | ₹2.36T | ₹2.44T | ₹2.33T | ₹2.05T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| ICICI Bank ICICIBANK.NS | $119B | +23% | +8% | 16% | 2.89× | 36.7% |
| HDFC Bank HDFCBANK.NS | $129B | -1% | +5% | 14% | 2.00× | 24.8% |
| Axis Bank AXISBANK.NS | $43.6B | +2% | +7% | 14% | 1.78× | 25.1% |
| State Bank of India SBIN.NS | $99.5B | -7% | +6% | 15% | 1.40× | 20.7% |
| Kotak Mahindra Bank KOTAKBANK.NS | $50.5B | +27% | +12% | 12% | 2.45× | 29.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ICICIBANK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.7% | +1.5% | highest of 20 |
| 6-month return | +22.9% | +7.5% | 2nd highest of 20 |
| Return on equity | 16.3% | 10.5% | 3rd highest of 20 |
| Price / book | 2.89× | 1.24× | 2nd most expensive of 20 |
| Trailing P/E | 19.3× | 12.0× | most expensive of 19 |
| ROE the price implies | 36.7% | 8.9% | most demanding of 20 |
| ROE delivered | 16.3% | 10.4% | 3rd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| ICICI Bank ICICIBANK.NS | India | $119B | +23% | +8% | 16% | 2.89× | 36.7% | 16.3% |
| Canadian Imperial Bank of Commerce CM.TO | Canada | $105B | +8% | 0% | 16% | 2.50× | 20.1% | 15.6% |
| State Bank of India SBIN.NS | India | $99.5B | -7% | +6% | 15% | 1.40× | 20.7% | 14.6% |
| CaixaBank CABK.MC | Spain | $91.9B | +7% | -2% | 16% | 2.05× | 13.3% | 16.5% |
| Postal Savings Bank of China 1658.HK | Hong Kong | $71.2B | +10% | +2% | 9% | 0.54× | 5.7% | 8.8% |
| Japan Post Bank 7182.T | Japan | $65.5B | +7% | +39% | 7% | 1.11× | 8.3% | 6.6% |
| Industrial Bank 601166.SS | China | $62.6B | +10% | -4% | 9% | 0.49× | 2.2% | 9.2% |
| Truist Financial TFC | United States | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% | 8.2% |
| Nu Holdings Ltd. Class A NU | United States | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% | 31.6% |
| Credit Agricole ACA.PA | France | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% | 8.9% |
| Shanghai Pudong Development Bank 600000.SS | China | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% | 6.1% |
| Fifth Third Bancorp FITB | United States | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% | 9.4% |
| Commerzbank CBK.DE | Germany | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% | 10.3% |
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |