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# ICICI Bank Limited (IBN): Recent Events ICICI Bank reports to the SEC on Form 6-K. Dollar amounts below are converted from Indian rupees (₹). Flows use the average rate for the period and balances use the closing rate on the stated date. Percentage changes quoted from the company are in rupee terms unless a dollar change is given. This file covers the July to September 2026 quarter (fiscal 2027 Q2) and the filings through the October 22, 2026 results filing, including the Forms 6-K filed from July 6, 2026 onward. ## Filings that contain financial statements - **Form 6-K filed July 22, 2026, accession 0000950103-26-011002.** Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 of fiscal 2027), with the joint auditors' limited review reports and the news release. The Board approved the results on July 18, 2026. - **Form 6-K filed October 22, 2026, accession 0000950103-26-015987.** Unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026 (Q2 of fiscal 2027), with comparatives for the quarter ended June 30, 2026, the quarter and six months ended September 30, 2025, and the year ended March 31, 2026. It holds the income statement, summarised balance sheet, cash flow statement, segment results and analytical ratios on both a standalone and a consolidated basis, the joint auditors' limited review reports, and the October 17, 2026 news release. Statements are prepared under Indian accounting standards (Indian GAAP). - **Form 6-K filed September 22, 2026, accession 0000950103-26-014340.** English translation of the Annual Securities Report filed in Japan for the fiscal year April 1, 2025 to March 31, 2026. It carries annual financial statements for the year ended March 31, 2026, not interim figures. An amendment to that report was furnished in a Form 6-K filed September 30, 2026 (accession 0000950103-26-014829); it changes only a reference to a regulatory article in the financial-condition section and carries no new statements. - The annual report on Form 20-F filed July 20, 2026 (accession 0000950103-26-010820) holds the audited annual statements for the year ended March 31, 2026. The Forms 6-K listed above are the only ones in this period that carry financial statements. ## Quarterly results (Form 6-K filed October 22, 2026, accession 0000950103-26-015987) The Board approved the unaudited results on October 17, 2026; the joint statutory auditors issued unmodified limited review reports. - **Standalone profit after tax** was ₹148.43 billion ($1.55 billion) in the quarter ended September 30, 2026, up 20.1% from ₹123.59 billion ($1.42 billion) a year earlier; in US dollar terms that is up 9.7%, because the rupee averaged about 95.6 per US dollar this quarter against about 87.3 a year ago. - **Consolidated net profit** was ₹163.33 billion ($1.71 billion), up from ₹133.57 billion ($1.53 billion), up 11.7% in US dollar terms and 22.3% in rupees. - **Net interest income** was ₹253.39 billion ($2.65 billion), up 17.7% year on year. Net interest margin was 4.18%, against 4.36% in the June 2026 quarter and 4.30% in the September 2025 quarter. The company said interest on a tax refund was negligible this quarter and contributed 8 basis points in the June quarter. - **Treasury** recorded a loss of ₹2.30 billion ($24 million) against a gain in the prior-year quarter, and provisions (other than tax) were ₹8.51 billion ($89 million) against ₹9.14 billion ($104.67 million) a year earlier. The bank continued to hold a contingency provision of ₹131.00 billion ($1.4 billion). - **Balance sheet:** total deposits rose 27.1% year on year to ₹20,498.74 billion ($213.91 billion) at September 30, 2026. Loans rose 30.0% to ₹18,315.80 billion ($191.13 billion). The company said that excluding FCNR (B) foreign-currency deposits, deposits grew 17.0%, and excluding loans its overseas branches made against those deposits, loans grew 24.1%. - **Asset quality and capital:** gross NPA ratio 1.20% (1.38% at June 30, 2026; 1.58% a year earlier), net NPA ratio 0.30%. Total capital adequacy ratio was 16.68% and the CET-1 ratio 16.01% on a standalone basis. - **Governance item in the same filing:** the Board approved filing an application with the Reserve Bank of India for Mr. Pradeep Kumar Sinha to continue as non-executive part-time Chairperson from July 1, 2027 to February 16, 2029. The same day the bank furnished two further Forms 6-K: the earnings-call investor presentation (accession 0000950103-26-015988) and a notice that audio recordings of the media and analyst calls are posted on its website (accession 0000950103-26-015989). A Form 6-K filed October 14, 2026 (accession 0000950103-26-015594) announced the earnings call, and one filed September 23, 2026 (accession 0000950103-26-014362) gave notice of the October 17 Board meeting and a trading-window closure from October 1 to October 19, 2026. ## Ownership and acquisitions - **Letter of undertaking with Prudential (Form 6-K filed July 6, 2026, accession 0000950103-26-010228).** After Prudential Corporation Holdings agreed to acquire a 75% stake in Bharti Life, the bank and Prudential, joint promoters of ICICI Life, signed a letter of undertaking on July 4, 2026 covering Prudential's non-exercise of certain rights in ICICI Life. The filing says it has no impact on the management or control of the bank. - **Increase in ICICI Life stake (completed).** In a Form 6-K filed September 3, 2026 (accession 0000950103-26-013533), the bank reported it had completed, through market purchases between July 22 and September 2, 2026, the buying of 29,015,693 shares of ICICI Prudential Life Insurance Company (now ICICI Life Insurance), about 2.00% of its equity, for about ₹14.70 billion ($153.75 million). The bank's holding in the subsidiary is about 52.8%. The results filing records the purchase as a closed transaction and a goodwill amount of ₹11.78 billion ($122.97 million at the September 30, 2026 closing rate) on consolidation. - **Regulatory approval for Life Insurance Corporation of India to hold up to 9.99% of the bank.** A Form 6-K filed September 8, 2026 (accession 0000950103-26-013641) says the bank received a copy of a Reserve Bank of India letter dated September 4, 2026 approving Life Insurance Corporation of India to acquire an aggregate holding of up to 9.99% of the bank within one year. This is an approval for a shareholder; the filing does not say any shares have been acquired. - **Approval for ICICI Prudential Asset Management to hold up to 9.95% of four other banks.** A Form 6-K filed September 10, 2026 (accession 0000950103-26-013741) reports Reserve Bank of India approvals dated September 8, 2026 allowing the bank's asset management subsidiary to acquire up to 9.95% of CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank, within one year. These are permissions, not completed purchases. ## Funding - **FCNR (B) deposit swap facility (Form 6-K filed September 2, 2026, accession 0000950103-26-013427).** Under the Reserve Bank of India's swap window for these deposits through August 31, 2026, the bank reported gross mobilisation of about $17.88 billion, loans by overseas branches and subsidiaries against those deposits of about $9.00 billion, and standby letters of credit of about $3.63 billion. It also reported about $3.55 billion of US-dollar bonds issued in July and August 2026. The figures are described as provisional and unaudited. - **US-dollar notes under the $7.5 billion Global Medium Term Note Programme.** The bank, through its IFSC Banking Unit, completed these issues of senior unsecured fixed-rate notes, rated BBB by S&P Global Ratings and Baa3 by Moody's Ratings and not offered in the United States: $1 billion on July 30, 2026 (accession 0000950103-26-011444); $300 million on August 13 (0000950103-26-012372); $750 million on August 21 (0000950103-26-012820); $1 billion on August 27 (0000950103-26-013039); and $500 million, priced August 31 and completed September 3 (Form 6-K filed September 4, accession 0000950103-26-013590; ratings confirmed in a Form 6-K filed September 2, accession 0000950103-26-013426). Together they total the roughly $3.55 billion of US-dollar bonds that the September 2 filing (0000950103-26-013427) reports for July and August 2026. - **Overseas borrowing limit.** On July 18, 2026 the Board approved a revised limit of up to $2.50 billion for bonds, notes and offshore certificates of deposit in overseas markets (accession 0000950103-26-011002). On August 21, 2026 it approved a further revised limit of up to $5.00 billion (Form 6-K filed August 21, accession 0000950103-26-012735). ## Dividend - **Fiscal 2026 dividend approved.** Shareholders approved the declaration of the dividend on equity shares for the year ended March 31, 2026 at the 32nd Annual General Meeting on August 21, 2026, with 99.96% of valid votes in favour (Form 6-K filed August 25, 2026, accession 0000950103-26-012819). The annual report on Form 20-F (accession 0000950103-26-010820) gives the proposed amount as ₹12.00 per equity share, or $0.13 per share ($0.25 per ADS, each ADS representing two shares), converted at the July-September 2026 average rate of Rs 95.61 per US$. The six-month cash flow statement in the results filing (accession 0000950103-26-015987) shows ₹86.11 billion ($905.24 million) of dividend paid in the first half of fiscal 2027. ## Management - **ICICI Life chief executive change (Form 6-K filed October 6, 2026, accession 0000950103-26-015233).** ICICI Life's Board noted the resignation of Mr. Anup Bagchi as Managing Director and CEO, effective at the close of business on October 13, 2026, and appointed Mr. Sidharatha Mishra, who runs digital channels and partnerships at ICICI Bank, as Chief Operating Officer from October 6 and as Managing Director and CEO from October 14, 2026 or the date of insurance regulator approval, whichever is later. ## Legal and tax - **GST show cause notices.** Two notices were disclosed as the bank's cumulative exposure on this issue crossed its materiality threshold. Both concern goods and services tax on services provided to customers who maintain specified minimum balances. The bank says it is already in litigation on the same issue and will reply to each notice. - Maharashtra: received September 30, 2026 for ₹2.29 billion ($23.91 million) plus interest and penalty (Form 6-K filed October 1, 2026, accession 0000950103-26-014945). - West Bengal: received September 28, 2026 for ₹0.17 billion ($1.75 million) including interest and penalty (Form 6-K filed September 28, 2026, accession 0000950103-26-014552). ## Not found in these filings No share buyback or stock split appears in the Forms 6-K for this period.