ICICI Bank Limited

Earnings momentum: strong YoY profit growth and resilient margins - PAT: INR 148.05 bn, +15.9% YoY - PBT excl. treasury: INR 189.75 bn, +20.9% YoY (core operating profit +15.6% YoY to INR 202.35 bn) - NIM: 4.36%, up vs 4.32% QoQ; stable even with agriculture-related reversals—management attributes support to funding franchise + disciplined pricing + management of government securities book and tax-refund benefit (~8 bps) (ex-tax-refund NIM would be ~4.28%)

Balance-sheet growth: loans accelerating broadly; deposits remain healthy - Deposits: +14% YoY, +2.2% QoQ; CASA growth (avg CA+SA) +12.1% YoY, +4.7% QoQ - LCR: ~124% (strong liquidity buffer) - Loans: +19.6% YoY and +5% QoQ at June 30, 2026 - Retail growth: +12% YoY, +2.7% QoQ; includes mortgage +14.6% YoY, personal loans +12.9% YoY - Business banking / corporate: Business banking +28.2% YoY; domestic corporate +18.5% YoY—management believes this momentum is sustainable given positive system demand signals

Credit quality: net NPA stable, but gross stress and write-offs continue; higher-than-usual buffers - Net NPA: 0.35% (vs 0.33% QoQ; 0.41% YoY) → stable overall - Gross NPA additions: INR 55.52 bn this quarter (vs INR 62.45 bn last year) - Net additions to gross NPAs: INR 27.07 bn (vs INR 30.34 bn last year) - Write-offs / sales: write-offs INR 16.73 bn; sale of NPAs INR 2.39 bn - Provisions / coverage: provisions INR 12.6 bn (6.2% of core op profit); PCR on NPAs 74.7% - Contingency provisioning: additional contingency provision INR 131 bn (~0.8% of total advances) held