ICRA

The Bombay High Court on Monday quashed a first information report filed by a hotelier and subsequent investigation by the Economic Offences Wing (EOW) of the Mumbai Police against ICICI Bank, some of its senior executives and JM Financial Asset Reconstruction Company.
Sharma had accused ICICI Bank as well as four former and two current employees of the lender of duping his company into mortgaging property worth ₹1,200 crore by promising loans totaling ₹351 crore in 2011, to build a luxury hotel. According to him, even before an agreement was signed or the loan sanctioned, the executives recognized the loan amount in the bank's books to show a profit, as ET reported last November citing the FIR.

FIR against ICICI, JM unit quashed in alleged fraud case

Indian supermarket chain Vishal Mega Mart Pvt. has picked banks as it presses ahead with a planned initial public offering in Mumbai this year. Vishal Mega Mart chose banks including Kotak Mahindra Bank Ltd., ICICI Bank Ltd and Jefferies Financial Group Inc. to help arrange a share sale as early as in the fourth quarter of this year, asking not to be identified because the deliberations are private. It is owned by private equity firms Partners Group Holding AG and Kedaara Capital, and the IPO would allow them to pare their stakes, the people said

Vishal Mega Mart said to pick Kotak, ICICI Bank for mega IPO

ICICI Bank’s board of directors has approved a 19 per cent stake sale in the lender’s associate, ICICI Merchant Services Private Ltd, subject to necessary approvals, the bank said on Friday in its stock exchange filing. In the exchange filing, the bank said, “The Board of Directors of ICICI Bank Limited (“the Bank”), at its meeting held today, approved a proposal for sale of 19% stake held in ICICI Merchant Services Private Limited (“IMSPL” or “the Company”), an associate of the Bank, subject to receipt of requisite approvals. Consequent to the completion of this transaction, IMSPL will cease to be an associate of the Bank.” The stake, which will be sold to First Data Holdings 1 (Netherlands) BV, is expected to generate funds worth Rs 160 crore to Rs 190 crore for the bank. First Data Holdings is a global leader in electronic commerce and payment services. Upon completion of the transaction, IMSPL will no longer be classified as an associate entity of ICICI Bank, as per the exchange filing. The sale, which is contingent on receiving the necessary regulatory and statutory approvals, is expected to be executed before June 30, 2025.

ICICI Bank's board approves 19% stake sale in ICICI Merchant Services

While asset quality has witnessed gradual improvement over the past few quarters, it remains moderate in comparison to other credit parameters of the bank. Overall gross NPAs declined to 2.1% as on September 30, 2024 from 2.2% six months ago and even higher at 2.8% on March 31, 2023. This traction was demonstrated across most asset segments. 

The issuer has made timely interest payments.

Girish Chandra Chaturvedi, Chairman

Sandeep Bakhshi, MD & CEO

ICICI Bank remains among the largest private sector banks in India with a consolidated asset base of Rs 25.1 lakh crore as on September 30, 2024 (standalone asset base of Rs 19.7 lakh crore). With advances and deposits of Rs 12.9 lakh crore and Rs 14.9 lakh crore, respectively, as on September 30, 2024, on standalone basis, it is also one of the three banks that has been classified as domestic systemically important banks (D-SIBs) by RBI, highlighting its significance to the overall financial system.

Networth was sizable at Rs 2.6 lakh crore while Tier I capital adequacy ratio (CAR) was 15.96% and overall CAR was 16.66% (under Basel III), as on September 30, 2024. This makes ICICI Bank one of the well-capitalised banks in India. Consequently, net worth coverage for net NPAs (non-performing assets) was strong at 46 times as on September 30, 2024.

On September 30, 2024, the bank reported a total deposit base of Rs 14.9 lakh crore, which marks a half yearly growth of 6% (year-to-date) over March 2024. As a proportion of total deposits, CASA remained healthy at 40.6% as on September 30, 2024, as against an average CASA ratio of 42.2% as on March 31, 2024. Adjacently, the cost of deposits was 4.9% for Q2 2025 vis-à-vis 4.8% for Q1 2025 and 4.6% for full fiscal 2024. Furthermore, retail deposits form a significant part of the total deposits and provide stability to the resource profile.

Security Name: 6.96% ICICI Bank Limited 17 Dec 2031

ISIN:

INE090A08UG3

YOUR EARNING

Your Investment

Final Payout

₹0

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

AAA Stable

ICRA

Senior

Unsecured

ISSUER

ICICI Bank Limited

Recent News

FIR against ICICI, JM unit quashed in alleged fraud case

Vishal Mega Mart said to pick Kotak, ICICI Bank for mega IPO

ICICI Bank's board approves 19% stake sale in ICICI Merchant Services

Related Videos

Bank Bonds

5 Cs of Credit Analysis

STEPS TO BUY THIS BOND

Information required for KYC

PAN Card

Bank Account Proof

Aadhaar Card

Demat Account Proof

How to exit the investment?

To know more about the Bond and the issuer, download the Information Memorandum.

To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.

Clean Price

Yield (YTM)

Principal Amount

Accrued Interest from

Face Value

Market Value

Stamp Duty

Select a Settlement Date:

as on Invalid date

as on Jun 13, 2025

Total Investment

Still looking for assistance?