Q3-2023:

Performance review

January 21, 2023

Certain statements in this release relating to a future period of time (including inter alia concerning our future
business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor'
under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such
forward looking statements involve a number of risks and uncertainties that could cause actual results to
differ materially from those in such forward-looking statements. These risks and uncertainties include, but are
not limited to statutory and regulatory changes, international economic and business conditions, political or
economic instability in the jurisdictions where we have operations, increase in non-performing loans,
unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our
growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in
demand for banking products and services, investment income, cash flow projections, our exposure to market
risks, changes in India’s sovereign rating, and the impact of the Covid-19 pandemic which could result in
fewer business opportunities, lower revenues, and an increase in the levels of non-performing assets and
provisions, depending inter alia upon the period of time for which the pandemic extends, the remedial
measures adopted by governments and central banks, and the sustenance of economic activity as well as
other risks detailed in the reports filed by us with the United States Securities and Exchange Commission.
Any forward-looking statements contained herein are based on assumptions that we believe to be
reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date thereof. Additional risks that could affect our
future operating results are more fully described in our filings with the United States Securities and Exchange
Commission. These filings are available at www.sec.gov.

2
Highlights for Q3-2023

3
Key highlights for Q3-2023 (1/2)
Core • Growth of 31.6% y-o-y to ₹ 132.35 billion
operating • Excluding dividend income from subsidiaries and associates, core operating
profit1 profit grew by 34.5% y-o-y

• Average current account deposits increased by 7.9% y-o-y

Deposits • Average savings account deposits increased by 11.4% y-o-y
• Period-end term deposits grew by 14.2% y-o-y at December 31, 2022

• Domestic loans grew by 21.4% y-o-y and 4.2% q-o-q

• Retail loans grew by 23.4% y-o-y and 4.5% q-o-q
Advances • Business banking portfolio grew by 37.9% y-o-y and 5.2% q-o-q
• SME portfolio grew by 25.0% y-o-y and 8.3% q-o-q
• Domestic corporate portfolio grew by 18.2% y-o-y and 4.7% q-o-q

1. Profit before provision and taxes, excluding treasury income 4

Key highlights for Q3-2023 (2/2)
• Net NPA ratio declined to 0.55% at Dec 31, 2022 from 0.61% at Sep 30,
2022 and 0.85% at Dec 31, 2021
• Net additions of ₹ 11.19 bn to gross NPAs in Q3-2023 (Q2-2023: ₹ 6.05 bn)
Asset • Total provisions of ₹ 22.57 bn in Q3-2023 (0.93% of average loans, 17.1% of
quality core operating profit)
• Provisioning norms on NPAs changed to make it more conservative, impact of ₹
11.96 bn on provisions
• Contingency provision of ₹ 15.00 billion made on a prudent basis
• Provision coverage was 82.0% at Dec 31, 2022 (Sep 30, 2022: 80.6%)
• Fund based o/s of ₹ 49.87 bn (0.5% of advances) to all standard borrowers
under resolution; provisions of ₹ 15.29 bn held against these borrowers
• Contingency provisions of ₹ 115.00 bn at Dec 31, 2022
Profit after
• Profit after tax grew by 34.2% y-o-y to ₹ 83.12 bn in Q3-2023
tax and
capital • Common Equity Tier 1 ratio of 17.09%1

1. Including profits for 9M-2023

5
Operating performance

6
 Profit & loss statement
(₹ billion) FY2022 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3
2022 2022 2023 2023 2023 (%)
Net interest income1 474.66 122.36 348.62 147.87 164.65 444.62 34.6%
Non-interest income 176.14 48.99 130.05 51.39 49.87 147.55 1.8%
- Fee income 156.87 42.91 113.21 44.80 44.48 131.71 3.7%
- Dividend income from
18.29 6.03 15.96 6.48 5.16 15.11 (14.4)%
subsidiaries/associates
- Others 0.98 0.05 0.88 0.11 0.23 0.73 -
Core operating income 650.80 171.35 478.67 199.26 214.52 592.17 25.2%
Operating expenses 267.33 70.75 196.84 81.61 82.17 239.45 16.1%
- Employee expenses 96.73 24.85 72.44 28.88 29.21 86.59 17.5%
- Non-employee expenses 170.60 45.90 124.40 52.73 52.96 152.86 15.4%
Core operating profit 383.47 100.60 281.83 117.65 132.35 352.72 31.6%
Core operating profit
365.18 94.57 265.86 111.17 127.18 337.61 34.5%
excluding dividend income

1. Includes interest on income tax refund of ₹ 0.03 bn in Q3-2023 and ₹ 1.09 bn in 9M-2023 (FY2022: ₹ 2.43 bn, Q2-
7
2023: ₹ 0.12 bn, Q3-2022: ₹ 1.81 bn and 9M-2022: ₹ 2.25 bn)
Profit & loss statement
₹ billion) FY2022 Q3-2022 9M-2022 Q2-2023 Q3-2023 9M-2023 Q3-o-Q3
(%)
Core operating profit 383.47 100.60 281.83 117.65 132.35 352.72 31.6%
Treasury income 9.03 0.88 7.74 (0.85) 0.36 (0.12) (59.1)%
Operating profit 392.50 101.48 289.57 116.80 132.71 352.60 30.8%
Net provisions 86.41 20.07 75.72 16.44 22.572 50.452 12.5%
- Contingency provisions (0.25) - (10.50) 15.00 15.00 40.50 -
- Other provisions 86.66 20.071 86.221 1.44 7.57 9.95 (62.3)%
Profit before tax 306.09 81.41 213.85 100.36 110.14 302.15 35.3%
Tax 72.70 19.47 50.64 24.78 27.02 74.40 38.8%
Profit after tax 233.39 61.94 163.21 75.58 83.12 227.75 34.2%

1. Includes ₹ 4.65 bn of higher provision against security receipts and ₹ 4.47 bn of higher provisions against loans under
resolution on a prudent basis in Q3-2022 and 9M-2022
8
2. Net provisions includes the impact of ₹ 11.96 bn due to adoption of more conservative provisioning norms
Key ratios
FY Q3- 9M- Q2- Q3- 9M-
Percent
2022 2022 2022 2023 2023 2023
Net interest margin1,2 3.96 3.96 3.95 4.31 4.65 4.33
Cost of deposits2 3.53 3.47 3.55 3.55 3.65 3.56
Cost-to-income 40.5 41.1 40.5 41.1 38.2 40.4
Core operating profit/average assets2 3.03 3.09 3.01 3.20 3.50 3.23
Provisions/core operating profit 22.5 20.0 26.9 14.0 17.13 14.33
Provisions/average advances2 1.12 1.01 1.52 0.71 0.933 0.733
Return on average assets2 1.84 1.90 1.74 2.06 2.20 2.08
Standalone return on equity2 14.8 15.4 14.0 16.6 17.6 16.7
Weighted average EPS (₹)2 33.7 35.4 31.3 43.1 47.3 43.4
Book value (₹) 245.4 234.9 234.9 261.9 274.1 274.1

Yield, cost and margin: slide 56 Consolidated P&L and ratios: slide 57-59
1. Impact of interest on income tax refund nil in Q3-2023 (FY2022: 2 bps, 6 bps in Q3-2022, 3 bps in 9M-2022, 0 bps
in Q2-2023, 1 bp in 9M-2023)
2. Annualised for all interim periods
9
3. Provisions includes the impact of ₹ 11.96 bn due to adoption of more conservative provisioning norms
Unconsolidated segment-wise PBT
Profit before tax FY2022 Q3-2022 9M-2022 Q2-2023 Q3-2023 9M-2023
(₹ billion)
Retail 114.00 37.62 67.57 45.33 42.88 126.31
Wholesale 90.53 19.90 57.75 37.18 38.77 112.82
Treasury 98.20 22.40 74.98 31.70 42.58 100.36
Others 3.11 1.49 3.05 1.15 0.92 3.16
Unallocated1 0.25 - 10.50 (15.00) (15.00) (40.50)
Total 306.09 81.41 213.85 100.36 110.15 302.15

1. Represents contingency provision 10

Balance sheet growth

11
Deposits
(₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at
2021 2022 2022 growth Dec 31, 2022
CASA 4,806.56 5,078.40 5,088.42 5.9% 45.3%
- Current 1,460.43 1,453.56 1,456.26 (0.3)% 13.0%
- Savings 3,346.13 3,624.84 3,632.16 8.5% 32.4%
Term 5,368.11 5,821.68 6,132.08 14.2% 54.7%
Total deposits 10,174.67 10,900.08 11,220.49 10.3% 100.0%

Q3-2022 Q2-2023 Q3-2023

Average CASA ratio 44.9% 45.0% 44.6% - -

• Average current account deposits increased by 7.9% y-o-y

• Average savings account deposits increased by 11.4% y-o-y

Balance sheet-liabilities: slide 60-61

Consolidated balance sheet: slide 62 Extensive franchise: slide 63
12
Loan portfolio
(₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at
2021 2022 2022 growth Dec 31, 20224
Retail 4,287.35 5,065.15 5,292.36 23.4% 53.7%
Rural loans 736.85 799.04 829.06 12.5% 8.4%
Business banking 484.84 635.72 668.83 37.9% 6.8%
SME1 363.53 419.25 454.24 25.0% 4.6%
Domestic corporate and
1,913.58 2,160.06 2,261.83 18.2% 22.9%
others
BRDS/IBPC2 (53.00) (73.50) (118.50) - -
Total domestic book 7,733.15 9,005.72 9,387.82 21.4% 96.4%
Overseas book3 406.77 379.91 352.65 (13.3)% 3.6%
Total advances 8,139.92 9,385.63 9,740.47 19.7% 100.0%
• Including non-fund based outstanding, the share of retail portfolio was 44.9% of the total portfolio at Dec 31, 2022
• Of the total domestic loan book, 30% has fixed interest rates, 45% has interest rate linked to repo rate, 4% has interest rate linked to other
external benchmarks and 21% has interest rate linked to MCLR and other older benchmarks
1. SME portfolio includes borrowers with turnover less than ₹ 2.50 billion Balance sheet-assets: slides 64-65
2. Bill rediscounting scheme/Interbank participatory certificate
3. Includes impact of exchange rate movement Portfolio composition: slide 66
4. Proportions are gross of BRDS/IBPC 13
Retail portfolio
(₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at
2021 2022 2022 growth Dec 31, 2022
Mortgages 2,782.67 3,186.13 3,313.79 19.1% 62.6%
Vehicle loans 658.64 726.18 756.93 14.9% 14.3%
- Auto finance 387.37 446.14 472.63 22.0% 8.9%
- Commercial vehicle and
256.71 262.32 265.32 3.4% 5.0%
equipment
- Two wheeler loans 14.56 17.72 18.98 30.4% 0.4%
Personal loans 569.63 743.55 809.32 42.1% 15.3%
Credit cards 228.00 333.94 345.46 51.5% 6.5%
Others 48.41 75.35 66.85 38.1% 1.3%
- Dealer funding loans 31.81 54.84 45.34 42.5% 0.9%
- Loan against shares and
16.60 20.51 21.51 29.6% 0.4%
others
Total retail loans 4,287.35 5,065.15 5,292.35 23.4% 100.0%

• Till Dec 31, 2022 the Bank disbursed ~ ₹ 201 bn under ECLGS schemes
14
Portfolio of overseas branches
Total outstanding1 at Dec 31, 2022: USD 2.72 billion

The overseas non-India linked

corporate portfolio reduced by
42.8% year-on-year or about
USD 285 million and 7.7%
sequentially or about USD 32
million at Dec 31, 2022

1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance backed lending
15
Growing digital platforms

16
iMobile Pay – Universal Super App
Savings Account . Pay to Contact

Demat . Scan to Pay

PAYMENT SERVICES
BANKING SERVICES

Personal Loan . Bill Payment

~8.6 Mn
Credit Card . Activations from Recharges
non-ICICI Bank
account holders1
Home Loan . FASTag

Auto Loan . Bookings

Two Wheeler Loan . Attractive Shopping Offers

Total transactions3,4 Scan to Pay3,4

400+ services
2.3x 19.8x
Mobile banking transactions average ticket size 2.1x industry4,5

1. Till Dec 31, 2022 4. Usage by non-ICICI account holders by value

2. Non ICICI Bank account holders who have taken at least one product from the Bank 5. For December 2022; Source: NCPI 17
3. Q3-2023 over Q3-2022
iMobile Pay – E-Gift Card

ETB - Went live in NTB - Went live in E-gift card Instant

Live on Android
Oct’22 Dec’22 delivery

Amazon Grocery

E –Gift Card categories

Tanishq Fashion
E –Gift Cards brands

Flipkart Travel

Swiggy Consumer Electronic

Myntra Food & Beverages

,

Book My Show Jewellery

Many More. Others..

Over 50+Top brands

ETB: Exiting To Bank (ICICI Bank customers), NTB: New To Bank (Non ICICI Bank customers) 18
InstaBIZ: Universal app for small business
Key features Key metrics
Customer 360
Michael Mishra
9966332888
m.mishra@abc
Forex Transaction 81.5% y-o-y
InstaOD limit set-up5
Merchant Tax &
Compliance
solutions Interoperable
~ 117,000
PA1
InstaOD
Servicing New-to-Bank merchants
acquired3,8

Transactions
2.0

Trade
InstaOD+ Emerge

29.2% y-o-y increase in

Insta CA Merchant value of financial transactions6
with VKYC2 NTB

Voice of customer
Banking+
1.85x average CA balances
digitally active vs inactive
4.5 customer3
App rating9
1.4 mn + active users3 ~ 215,000 registrations3,4 ~95.1%
1. Pre-approved 5. In Q3-2023 Payment transactions done
2. Video KYC 6. YTD Dec 31, 2022 digitally5,7
3. As of Dec 31, 2022 7. By count
4. From non-ICICI bank account holders 8. Merchants with non-ICICI Bank current accounts registered for collections on InstaBIZ
9. Rating on Android at Dec 31, 2022 19
Digital solutions for merchant ecosystem
• Super merchant account: Zero balance, swipe based benefits
• Enabling Eazypay POS/QR onboarding with the linkage of any
Bank’s account

• Digital POS solutions through Eazypay (POS, UPI, Cards, etc.)

• PG: Eazypay Pro , POS: Eazypay Platinum 2.0
• Merchant module in InstaBIZ
• Value added services
• Eazysound: Sound device for QR transaction confirmation
• Tap on Phone: Tap n Pay on Android phone

• Merchant OD : Instant sanction and disbursement upto ₹ 2.5 mn

• Digital store management

• Buy now pay later- DC/CC EMI

Growth in YoY growth in active

spends1 69% merchants2 41%

1. Q3-2023 over Q3-2022

2. December 2022 over December 2021 20
API Connect - Embedded banking for MSMEs
API One-to-one client ERP integration with ICICI Bank
One To One integrations
High transaction volume, full
fledged ERP users
Client ERP
74%
Y-o-Y growth in
Application installed Application hosted
Bank Plugin on desktop on cloud throughput value2
Plug-n-Play
Secured
Desktop accounting software Client desktop server
users software

33%
Pre-integrated with
Connected Banking Bank
Growth in average
Pre-integrated CA balance2
Partner
Cloud based on the fly solutions Client accounting / server
– Accounting, Payroll Payroll software

Robust API Suite – Payments,

Automated Low integration TAT1 for Wide range of Partners
Collections, Tax, Statement,
reconciliation APIs on Connected Banking
Overdraft, Account Opening

1. Turn-around-time
2. 9M-2023 over 9M-2022 21
BizPay360 – Bulk Payment Solution

Digital onboarding with instant activation

19%
Choose your debit type – consolidated /
individual Registrations1

Customized debit credit narration for

ease in reconciliation

Option to register multiple beneficiaries 110%

through file upload with single OTP
Throughput value1
Instant file format customization for
compatibility with accounting software

Macro based validations to reduce errors in

payment file

1. Q3-2023 over Q3-2022 22

Trade solutions
New
Digital solutions for exporters Streamlining Letters of Credit – Trade API

Challenges Challenges
Fragmented process Timely access to Manual data entry Dependency on branch
across multiple parties working capital
Manual document Tedious repository
handling maintenance
Solutions
Insta EPC Trade API – Exports eLC Solution
Export finance Direct integration with
API way
request at a click clients ERP
API will auto Release of goods/
update ERP Request for amendment
Instant export Bulk transaction
finance disbursal processing & reconciliation
Advising Corporate Importer
+ many more … Bank client

2.8x 70.47% 59.3% API benefits

Rupee export Trade online Value of Automated end-to-end process Accurate commercial terms
book1 digital adoption2 throughput3
Real time notification alert Auto-updation

1. Dec 31, 2022 vs. Dec 31, 2021

2. By count in 9M-2023 23
3. Q3-2023 over Q3-2022
Real Estate STACK
Stakeholders

Key challenges Digital STACK

Multiple logins for Handling large Digital execution of escrow

Pre & post launch solutions
multiple accounts volume agreement

Integrated view of
Wide spread operations Fragmented journey Project/unit level reconciliation
multiple accounts

Pre approved loan offers

Tedious reconciliation Paper intensive 360 coverage for REITs & AIFs
to NTB clients

NTB – New to Bank; REIT – Real estate investment trusts; AIF – Alternate investment funds 24
Supply chain solutions
Supply Chain Finance Structured Trade Finance

Receivables & payables solutions

Factoring | Reverse factoring
Multiple modes of Payable financing | Purchase bill financing
Credit sanction
integration
within 29 minutes
including URC & Key features
GST
Anchor corporate led Short tenor, granular
supply chain finance portfolio

Real time status Automated

update dashboard reconciliation of
transaction End-to-end digital
Customisable workflow
architecture

40% 2.7x
Loan book1 Loan book1
Powered by digital platforms
New

1. Dec 31, 2022 over Dec 31, 2021 25

Digital sourcing for retail products in 9M-2023
Personal loan Credit cards (by volume) SIPs initiated (by volume)
disbursements (by volume)

Mortgages Fixed deposits

(Number of sanctions) (by volume)

26
Digital payments: credit and debit cards
Debit card spends
Credit card spends

Credit card Issued 3.8 mn+

partnerships Amazon Pay cards

1. Excluding proprietory cards 27

Digital payments
UPI: P2M1 transactions Electronic toll collections
Volume: 48.2% y-o-y
Value: 78.0% y-o-y 22.2% y-o-y

Market share by value was 18.2% in Dec Market share by value was 31% in
2022 Q3-2023
New
Enabled FASTag based parking payment
at Terminal 2 of Mumbai airport
1. Payments to merchants 28
Asset quality trends

29
NPA trends
(₹ billion) Dec 31, Sep 30, Dec 31,
2021 2022 2022
Gross NPAs1 370.53 325.71 325.28
Less: cumulative provisions 297.09 264.72 268.77
Net NPAs1 73.44 60.99 56.51

Gross NPA ratio1 4.13% 3.19% 3.07%

Net NPA ratio1 0.85% 0.61% 0.55%
Provision coverage ratio 79.9% 80.6% 82.0%
Non-fund o/s to NPAs 36.38 35.16 38.69
Provisions on non-fund o/s to NPAs 19.57 20.24 19.93
• Net investment in security receipts of ARCs was ₹ 4.90 billion at Dec 31, 2022
(Sep 30, 2022: ₹ 5.22 billion, Dec 31, 2021: ₹ 10.17 billion)

Retail, rural and business

banking NPAs: slide 67
1. Based on customer assets 30
NPA movement1
₹ in billion FY2022 Q3-2022 Q2-2023 Q3-2023
Opening gross NPA 413.73 414.37 331.63 325.71
Add: gross additions (1) 192.91 40.18 43.66 57.23
- Retail, rural and business banking 173.57 38.53 36.58 41.592
- Corporate and SME 19.34 1.65 7.08 15.64
Less: recoveries, upgrades and others (2) 163.63 42.09 37.61 46.04
- Retail, rural and business banking 132.93 37.27 30.65 31.84
- Corporate and SME 30.70 4.82 6.96 14.20
Net additions (1)-(2) 29.28 (1.91) 6.05 11.19
Less: write-offs 99.46 40.88 11.03 11.62
: sale of NPAs 4.35 1.05 0.94 -
Closing gross NPAs 339.20 370.53 325.71 325.28

1. Based on customer assets

2. Includes additions of ₹ 6.72 bn from kisan credit card portfolio
3. On a proforma basis
31
Resolution under RBI frameworks
(₹ billion) 31-Dec-21 30-Sep-22 31-Dec-22
Retail, rural and business banking1 64.74 47.39 41.90
Corporate and SME1 32.10 19.74 7.97
Total fund based o/s1 96.84 67.13 49.87
Total fund based o/s as % of total advances 1.2% 0.7% 0.5%
Provisions held on loans under resolution 24.36 20.59 15.29

1. Includes standard borrowers under resolution as per various RBI frameworks

32
Standard asset and other provisions
(₹ billion) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31,
2021 2022 2022 2022 2022
Contingency provisions1 64.25 74.50 85.00 100.00 115.00
Provision on non-fund based o/s to
19.57 20.51 20.75 20.24 19.93
NPAs
Provisions on fund based o/s to
24.36 25.30 22.90 20.59 15.29
standard borrowers under resolution
General provisions on other standard
52.08 58.87 59.05 59.76 63.18
assets and other provisions
Total 160.26 179.18 187.70 200.59 213.40

Total as a % of net advances 2.0% 2.1% 2.1% 2.1% 2.2%

1. Includes Covid-19 related provisions 33

Loan portfolio information

34
Diversified and granular loan book
Breakup of loan portfolio1 at Dec 31, 2022
53.7% of total loans are retail3

1. Proportions are gross of BRDS/IBPC

2. Includes dealer funding, loan against shares and others
3. Including non-fund based outstanding, the share of retail portfolio was 44.9% of the total portfolio at Dec 31, 2022 35
Rating-wise loan book, excluding retail and rural portfolio
Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31,
Rating category1
2019 2020 2021 2022 2022 2022
AA- and above 25.3% 27.3% 35.3% 36.1% 46.3% 45.3%
A+, A, A- 32.5% 36.9% 33.7% 35.7% 26.8% 27.8%
A- and above 57.7% 64.2% 69.1% 71.8% 73.1% 73.1%
BBB+,BBB, BBB- 33.4% 29.8% 25.6% 24.5% 23.8% 24.1%
BB and below 4.1% 3.0% 3.6% 2.2% 1.5% 1.2%
Non-performing loans 4.4% 2.4% 1.1% 0.7% 0.6% 0.5%
Unrated 0.4% 0.5% 0.5% 0.8% 1.0% 1.1%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100%
Total net loans, excluding
retail and rural portfolio (₹ 2,527 2,639 2,818 3,276 3,521 3,669
billion)

1. Based on internal ratings

36
Corporate and SME: BB and below
(₹ billion) Dec 31, Sep 30, Dec 31,
2021 2022 2022
BB and below outstanding1 118.42 76.38 55.81
- Fund and non-fund o/s to borrowers with loans under
resolution 36.92 21.98 8.79
- Other borrowers with o/s greater than ₹ 1.00 bn2 52.34 32.55 26.06
- Other borrowers with o/s less than ₹ 1.00 bn2 29.16 21.85 20.96
• The maximum single borrower outstanding in the BB and below portfolio was less
than ₹ 5.00 billion at Dec 31, 2022
• At Dec 31, 2022, total provisions3 held on BB and below portfolio were ₹ 4.48 billion
(Sep 30, 2022: ₹ 8.12 billion)

1. Excludes banks, investments and fund and non-fund based outstanding to NPAs
2. Fund-based and non-fund based outstanding
37
3. Including provisions on loans under resolution
Movement in Corporate & SME BB and below: Q3-2023
(₹ billion)

1,2 1,2

1. Fund-based and non-fund based outstanding

2. Excludes banks, investments and fund and non-fund based outstanding to NPAs
38
Mortgage portfolio
Mortgage portfolio includes home loans ~71%, top-up loans given to existing home loan
customers 6%, office premises loans ~6% and loan against property ~17%

Home loans are geographically well diversified, built on fundamental premises of

cashflow assessment of underlying borrower + meeting the legal and technical standards
of the Bank for the property being mortgaged
Loan against property portfolio has conservative loan to value ratios, lending based on
cash flows of business/individuals with limited reliance on the value of collateral; valuation
of the property is carried out internally
iLens, an integrated, end-to-end, retail lending solution, covering all facets of loan
lifecycle starting from sourcing till disbursement for all kind of customers. It is a single
interface for employees, third party agencies and sourcing channels

~82% ~ ₹ 3.4 mn ~74% ~35%

Mortgage customers Average ticket Average loan- Average loan-to-
have liability relationship size of home to-value ratio of value ratio of loan
with the Bank loan home loan against property
39
Auto and two wheeler finance
Auto loan portfolio comprises 87% new vehicles and 13% used vehicles

Instant car loan disbursement, a industry first proposition, for pre-approved

customers; delivery order is generated digitally in a seamless manner. The product won
the ‘Best Automobile/Car Loan Product Award' in 2021

ICICIAuto.com, a one stop digital solution to assist customers in their car buying
journey; offers superior and more personalised service to the customer; helps in
reducing operating expenses

Two wheeler loans – onboarding mobility solution provides an end-to-end digital

journey for customers with instant approval; instant verification and rule engine based
decisioning
Auto loan customers have Digital sourcing
~76% a liability relationship with ~85% and processing
the Bank for new car loan

40
Rural and personal loan and credit card portfolio
Rural loans Personal loans and credit cards
Gold loans comprise 2.2% and kisan credit cards Personal loan disbursements
comprise 2.4% of the total loan book increased sequentially in Q3-2023

Growth in retail credit card spends

Leverage opportunities for growth
driven by
in identified ecosystems such as  Improvement in discretionary spending
farmers, dealers, self-employed,  higher activation rate through digital
corporates, institutions and micro- onboarding of customers, including
entrepreneurs Amazon Pay credit cards
 Festive spends
Through API integration with Bharat
Bill Payment System, customers can ~65% Portfolio to existing customers
instantly pay interest on their overdraft ~83% Portfolio of salaried individuals
facilities; eliminates branch visits to
service their loans ~71% Salaried customers from well rated
corporates, MNCs, and government entities

41
SME and business banking portfolio
Growth driven by leveraging branch network and digital
platforms such as InstaBIZ, Merchant STACK and Trade
Online and efforts towards process decongestion such as e-
signing of disbursement documents through EazySign

Focus on parameterised and programme based lending,

granularity, collateral and robust monitoring; well diversified
portfolio across sectors and geographies

Primary collateral in the business banking portfolio in the form of charge on

current assets and backed by property

₹ 10-15 mn ~ 95%
~ ₹ 106 million Average ticket Of business banking book
average ticket size of the size of business fully collateralized with a
incremental sanctions in SME banking loan collateral cover of >100%
in Q3-2023
42
Exposure to power sector
(₹ billion) Dec 31, Sep 30, Dec 31, Share at Dec
2021 2022 2022 31, 2022 (%)
Borrowers classified as NPA or part of BB
and below portfolio1 75.79 64.02 50.98 11.6%

Other borrowers 301.42 361.29 387.58 88.4%

Total 377.21 425.31 438.56 100.0%

• Of the other borrowers aggregating ₹ 387.58 billion, excluding exposure to State

Electricity Boards, about 90% was rated A- and above

Sector-wise exposures: slide 68

1. Including loans restructured or under a RBI resolution scheme 43

NBFCs, HFCs and builder portfolio
Dec 31, Sep 30, Dec 31,
Outstanding (₹ billion)
2021 2022 2022
NBFCs1 557.84 636.15 660.45
HFCs1 118.02 99.58 104.95
Builder portfolio (construction finance, lease rental
discounting, term loans and working capital) 257.53 319.63 360.11

• Proportion of the NBFC and HFC portfolio internally rated BB and below or non-
performing at Dec 31, 2022 was < 0.5% (similar level as Sep 30, 2022)
• 5.6% of the builder portfolio at Dec 31, 2022 was either internally rated BB and below
or classified as non-performing (Sep 30, 2022: 6.8%)

1. Includes loans, investment and non-fund based outstanding 44

Concentration risk ratios
Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31,
Advances
2020 2021 2022 2022 2022 2022
Exposure to top 20
borrowers1 as a % of total 11.0% 12.1% 9.6% 9.2% 8.7% 8.8%
exposure
Exposure to top 10 groups
12.1% 11.6% 10.3% 10.1% 10.1% 10.0%
as a % of total exposure
• All top 20 borrowers as of Dec 31, 2022 are rated A- and above internally

Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31,
Deposits
2020 2021 2022 2022 2022 2022
Exposure to top 20
depositors1 as a % of total 4.88% 5.38% 5.26% 4.57% 4.40% 3.75%
deposits

1. Excludes banks
45
Capital

46
Strong capital position
Sep 30, 20221 Dec 31, 20222
(₹ billion) % (₹ billion) %
Total capital 1,691.35 16.93 1,693.57 16.26
- Tier I 1,615.43 16.17 1,615.27 15.51
- of which: CET1 1,559.28 15.61 1,564.05 15.02
- Tier II 75.92 0.76 78.30 0.75
Risk weighted assets 9,987.59 10,413.78
- On balance sheet 9,033.03 9,430.33
- Off balance sheet 954.56 983.45
• Including profits for 9M-2023, CET1 ratio was 17.09%, Tier I ratio was 17.58% and total
capital adequacy ratio was 18.33% at Dec 31, 2022 (Including profits for H1-2023, CET1
ratio was 16.95%, Tier I ratio was 17.51% and total capital adequacy ratio was 18.27% at
Sep 30, 2022)

Consolidated capital adequacy: slide 69

1. Excluding profits for H1-2023
2. Excluding profits for 9M-2023 47
Group companies

48
Profit after tax of key subsidiaries and associates
Profit after tax (₹ billion) Q3- Q2- Q3-
FY2022
2022 2023 2023
ICICI Prudential Life Insurance 7.54 3.11 1.99 2.21
ICICI Lombard General Insurance 12.71 3.18 5.91 3.53
ICICI Prudential Asset Management1 14.54 3.34 4.06 4.20
ICICI Securities (Consolidated)1 13.83 3.80 3.00 2.81
ICICI Securities Primary Dealership1,2 3.30 0.03 0.92 0.12
ICICI Home Finance1 1.64 0.48 0.60 1.05
3
ICICI Venture 0.003 (0.08) (0.00) 0.10
ICICI Bank UK (USD million) 10.9 3.0 1.5 3.1
ICICI Bank Canada (CAD million) 29.2 11.5 12.0 11.5

Details on key subsidiaries and associates: slides 70-75

1. As per Ind AS
2. Represents total comprehensive income
3. Insignificant amount 49
Insurance entities
ICICI Prudential Life Insurance
• Value of new business (VNB) increased by 23.2% y-o-y to ₹ 17.10 billion in 9M-2023
• VNB margin increased to 32.0% in 9M-2023 from 31.0% in H1-2023
• Annualised premium equivalent (APE) grew by 4.2% y-o-y to ₹ 53.41 billion in 9M-2023
• New business sum assured grew by 34.9% y-o-y in 9M-2023
o Market share at 14.6% in 9M-2023

ICICI Lombard General Insurance

• Gross direct premium income (GDPI) grew by 20.6% y-o-y to ₹ 160.48 billion in 9M-
2023
• Leading private sector non-life insurer in India with a market share1 of 8.6% in 9M-2023

1. Based on GDPI 50
ICICI Securities and ICICI AMC
ICICI Securities1
• Retail derivative market share improved from 3.7% in Q2-2023 to 3.8% in Q3-2023
• Market share in commodity trading segment increased from 5.5% in Q2-2023 to 5.6%
in Q3-2023
• Retail equity market share at 10.5% in Q3-2023
• NSE active clients2 market share at 7.6% at December 31, 2022

ICICI AMC
• AAUM3 grew by 4.4% y-o-y to ₹ 4,881 billion in Q3-2023
• Market leader in equity and hybrid AUM with market share of 13.0% at December 31,
2022

1. On a consolidated basis
2. Active in trailing 12 months 51
3. Average assets under management (excluding fund of funds); source: Association of Mutual Funds in India (AMFI) website
Environmental, Social and Governance (ESG)
initiatives

52
 ESG at ICICI Bank
Environment Social Governance
Conduct business responsibly Continuously strive to create Being responsible and
and promote sustainable value for all stakeholders transparent in business
environmental practices
• IGBC certification of Bank’s • Significant scale-up in diverse • Strengthened governance
premises continues; 144 locations projects around healthcare & through ESG Steering
certified till December 31, 2022 sanitation, environment & Committee under oversight
ecology, livelihood and other of Board Risk Committee
• Sessions on awareness and
social interventions under
capability development undertaken • Established dedicated team
Bank’s CSR initiatives
across several functions under Head - ESG for ESG
• Lending to rural women and initiatives
• Increased focus by ICICI Foundation
promoting entrepreneurship;
on activities like enabling use of • Campaigns to support
credit provided to 9.9 million
solar power, climate smart government’s initiative to
women through over 7.6 lakh
agriculture which contribute spread cyber security
SHGs as on December 31, 2022
positively to environment awareness under Cyber
Jagrookta Diwas
IGBC: Indian Green Building Council; CSR: Corporate Social Responsibility;
SHGs: Self-Help Groups; CDP: Carbon Disclosure Project 53
Thank you
Additional financial information

55
Yield, cost and margin
Movement in yield, costs &
FY2022 Q3-2022 9M-2022 Q2-2023 Q3-2023 9M-2023
margins (Percent)1
Yield on total interest-earning
7.21 7.15 7.22 7.59 8.07 7.62
assets2
- Yield on advances 8.27 8.19 8.26 8.63 9.13 8.65
Cost of funds 3.71 3.66 3.73 3.78 3.95 3.80
- Cost of deposits 3.53 3.47 3.55 3.55 3.65 3.56
Net interest margin2 3.96 3.96 3.95 4.31 4.65 4.33
- Domestic 4.07 4.06 4.05 4.45 4.79 4.47
- Overseas 0.29 0.28 0.27 0.51 0.63 0.49

slide 9

1. Annualised for all interim periods

2. Impact of interest on income tax refund nil in Q3-2023 (nil in Q2-2023, 6 bps in Q3-2022, 3 bps in 9M-2022, 1 bp in 9M-
2023, FY2022: 2 bps) 56
Consolidated profit & loss statement
(₹ billion) Q3-o-Q3
FY2022 Q3-2022 9M-2022 Q2-2023 Q3-2023 9M-2023
growth
Net interest income 542.40 139.41 398.74 168.53 186.41 505.64 33.7%
Non-interest income 621.29 155.52 442.95 163.27 162.41 456.29 4.4%
- Fee income 203.35 54.82 148.05 56.99 57.09 168.03 4.1%
- Premium income 389.60 98.01 270.26 102.70 101.53 279.60 3.6%
- Other income 28.34 2.69 24.64 3.58 3.79 8.65 41.3%
Total income 1,163.69 294.93 841.69 331.80 348.82 961.93 18.3%
Operating expenses 731.52 183.42 524.80 206.83 205.12 582.02 11.8%
Operating profit 432.17 111.51 316.89 124.97 143.70 379.91 28.9%

57
Consolidated profit & loss statement
(₹ billion) Q3- 9M- Q2- Q3- 9M- Q3-o-Q3
FY2022
2022 2022 2023 2023 2023 growth
Operating profit 432.17 111.51 316.89 124.97 143.70 379.91 28.9%
Contingency provisions (0.25) - (10.50) 15.00 15.00 40.50 -
Other provisions 90.02 21.28 89.23 1.53 9.34 11.68 (56.1)%
Profit before tax 342.40 90.23 238.16 108.44 119.36 327.73 32.3%
Tax 84.56 22.57 59.43 27.90 30.00 82.95 32.9%
Share in profit of associates 7.54 1.93 5.76 3.07 2.29 7.47 18.7%
Minority interest 14.28 4.23 10.58 3.54 3.73 10.41 (11.8)%
Profit after tax 251.10 65.36 173.91 80.07 87.92 241.84 34.5%

58
Key ratios (consolidated)
Percent FY2022 Q3-2022 9M-2022 Q2-2023 Q3-2023 9M-2023
Return on equity1 14.8 15.1 13.9 16.5 17.5 16.6
Weighted average EPS1 (₹) 36.21 37.4 33.3 45.64 50.03 46.11
Book value (₹) 262 252 252 280 293 293

slide 9

1. Annualised for all interim periods

59
Balance sheet: liabilities
(₹ billion) Dec 31, 2021 Sep 30, 2022 Dec 31, 2022
Net worth 1,630.69 1,825.07 1,912.69
- Equity capital 13.89 13.94 13.96
- Reserves 1,616.80 1,811.13 1,898.73
Deposits 10,174.67 10,900.08 11,220.49
- Current 1,460.43 1,453.56 1,456.26
- Savings 3,346.13 3,624.84 3,632.16
- Term 5,368.11 5,821.68 6,132.08
Borrowings1 1,095.85 1,299.34 1,305.50
Other liabilities 640.75 862.25 778.80
Total liabilities 13,541.96 14,886.74 15,217.48
• Credit/deposit ratio of 84.7% on the domestic balance sheet at Dec 31,
2022 (Sep 30, 2022: 83.3%; Dec 31, 2021: 77.0%)

1. Including impact of rupee depreciation 60

Composition of borrowings
(₹ billion) Dec 31, 2021 Sep 30, 2022 Dec 31, 2022
Domestic 833.19 946.36 999.65
- Capital instruments 172.50 128.15 82.60
- Other borrowings 660.69 818.21 917.05
- Long term infrastructure bonds 307.89 408.24 459.04
Overseas borrowings1 262.66 352.98 305.85
Total borrowings 1,095.85 1,299.34 1,305.50

slide 12
1. Including impact of rupee depreciation 61
Consolidated balance sheet
(₹ billion) Dec 31, 2021 Sep 30, 2022 Dec 31, 2022
Cash & bank balances 1,956.15 1,385.46 1,398.80
Investments 5,318.23 5,941.92 6,125.58
Advances 8,745.94 10,002.91 10,380.91
Fixed & other assets 808.72 1,001.25 966.80
Total assets 16,829.04 18,331.54 18,872.09
Net worth 1,751.13 1,951.39 2,045.93
Minority interest 58.02 63.29 65.73
Deposits 10,442.90 11,162.77 11,523.25
Borrowings 1,546.10 1,821.81 1,924.97
Liabilities on policies in force 2,264.46 2,328.11 2,399.75
Other liabilities 766.43 1,004.17 912.46
Total liabilities 16,829.04 18,331.54 18,872.09
slide 12
62
Branch and ATM network
Branches % share at
Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31,
Dec 31,
2020 2021 2022 2022 2022 2022
2022
Metro 1,585 1,542 1,567 1,594 1,610 1,645 28.8%
Urban 1,067 1,063 1,074 1,091 1,101 1,125 19.7%
Semi urban 1,546 1,537 1,599 1,632 1,652 1,676 29.3%
Rural 1,126 1,124 1,178 1,217 1,251 1,272 22.2%
Total branches 5,324 5,266 5,418 5,534 5,614 5,718 100.0%
Total ATMs 15,688 14,136 13,626 13,379 13,254 13,186

slide 12
63
Balance sheet: assets
(₹ billion) Dec 31, Sep 30, Dec 31,
2021 2022 2022
Cash & bank balances 1,809.09 1,249.13 1,224.71
Investments 2,848.23 3,330.31 3,370.51
- SLR investments 2,335.23 2,871.75 2,867.42
- Equity investment in subsidiaries1 75.91 69.78 69.78
Advances 8,139.92 9,385.63 9,740.47
Fixed & other assets 744.71 921.67 881.79
- RIDF2 and related 271.06 244.16 225.67
Total assets 13,541.96 14,886.74 15,217.48

1. In addition, the Bank’s equity investment in ICICI Lombard General Insurance Company Limited was ₹ 13.31 billion.
The company ceased to be a subsidiary of the Bank during Q2-2022
2. Rural Infrastructure Development Fund
64
Equity investment in subsidiaries
(₹ billion) Dec 31, Sep 30, Dec 31,
2021 2022 2022
ICICI Prudential Life Insurance 32.75 32.75 32.75
ICICI Bank Canada 18.74 9.96 9.96
ICICI Bank UK 9.70 9.70 9.70
ICICI Home Finance 11.12 13.62 13.62
ICICI Securities Limited 1.22 1.22 1.22
ICICI Securities Primary Dealership 1.58 1.58 1.58
ICICI AMC 0.61 0.61 0.61
ICICI Venture Funds Mgmt 0.05 0.05 0.05
Others 0.14 0.29 0.29
Total 75.91 69.78 69.78

slide 13
65
Portfolio composition
Dec 31, 2021 Sep 30, 2022 Dec 31, 2022
Domestic 90.8% 92.3% 92.8%
International 9.2% 7.7% 7.2%
Total consolidated advances
8,746 10,003 10,381
(₹ billion)

slide 13

66
Retail, rural and business banking NPAs
Dec 31, Sep 30, Dec 31,
₹ in billion
2021 2022 2022
Gross retail, rural and business banking NPAs 135.94 123.43 122.45
- as a % of gross advances 2.43% 1.88% 1.78%
Net retail, rural and business banking NPAs 55.21 47.81 43.51
- as a % of net advances 1.00% 0.74% 0.64%

slide 30

67
Sector-wise exposures
Top 10 sectors1: % of total Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31,
exposure of the Bank 2020 2021 2022 2022 2022 2022
Retail finance2 32.2% 33.9% 36.3% 38.0% 37.5% 37.8%
Services – finance 8.4% 9.9% 8.9% 8.8% 8.4% 8.9%
Banks 6.4% 7.9% 7.9% 6.2% 7.6% 6.6%
Rural 4.9% 6.3% 5.8% 6.0% 6.2% 6.2%
Wholesale/retail trade 3.9% 3.4% 3.3% 3.4% 3.9% 4.1%
Electronics & engineering 6.1% 4.5% 4.2% 4.0% 4.0% 3.9%
Crude petroleum/refining &
petrochemicals 5.9% 4.9% 4.1% 4.1% 3.8% 3.7%
Road, port, telecom, urban
development & other infra 4.3% 3.5% 3.2% 3.3% 3.4% 3.2%
of which: Telecom 1.7% 1.6% 1.4% 1.5% 1.5% 1.4%
Services - non finance 3.0% 2.8% 3.0% 3.0% 3.1% 3.1%
Construction 2.6% 2.3% 2.3% 2.3% 2.3% 2.4%
Power 3.1% 2.5% 2.4% 2.2% 2.3% 2.3%
Total (₹ billion) 12,446 14,223 16,648 16,924 18,406 15,414
slide 43
1. Top 10 based on position at Dec 31, 2022
2. From Mar 31, 2022, the Bank has started reporting rural portfolio separately from retail finance. Previous period numbers have been re- 68
classified
Consolidated capital adequacy
Basel III (%) Sep 30, Dec 31,
20221 20222
Total capital 16.67% 16.02%
- Tier I 15.91% 15.25%
- of which: CET 1 15.39% 14.80%
- Tier II 0.77% 0.76%
• Including profits for 9M-2023, CET 1 ratio was 16.77%, Tier I ratio was 17.23%
and total capital adequacy ratio was 17.99% at Dec 31, 2022 (Including profits
for H1-2023, CET 1 ratio was 16.40%, Tier I ratio was 16.92% and total capital
adequacy ratio was 17.69% at Sep 30, 2022)

slide 47

1. Excludes profit for H1-2023

69
2. Excludes profit for 9M-2023
Insurance entities
ICICI Life (₹ billion) FY2022 Q3-2022 Q2-2023 Q3-2023
Annualised premium equivalent 77.33 19.29 19.99 18.21
- Of which: protection 13.13 3.06 3.80 3.40
Assets under management 2,404.92 2,375.60 2,442.79 2,518.84
Expense ratio1 18.6% 17.5% 19.9% 19.5%

ICICI General (₹ billion) FY2022 Q3-2022 Q2-2023 Q3-2023

Gross written premium 185.62 47.86 53.03 56.00
Combined ratio 108.8% 104.5% 105.1% 104.4%
Return on average equity2 14.7% 14.6% 24.5% 14.3%

1. All expenses (including commission) / (Total premium – 90% of single premium)

2. Annualised for all interim periods 70
ICICI Bank UK
(USD million) FY2022 Q3-2022 Q2-2023 Q3-2023
Net interest income 40.5 9.8 12.0 13.8
Operating profit 14.4 2.1 0.2 7.9
Loans and advances 1,244.30 1,377.4 973.1 1,021.9
Deposits 1,542.00 1,598.4 1,174.8 1,529.8
- Retail term deposits 240.0 314.9 160.5 494.9
Capital adequacy ratio 23.0% 21.9% 25.2% 25.4%
- Tier I 17.8% 17.0% 20.2% 20.1%
Net impaired loans 25.4 27.7 27.8 20.9

71
ICICI Bank UK1
Asset profile Liability profile

Total assets: USD 2.15 bn Total liabilities: USD 2.15 bn

1. At Dec 31, 2022

2. Includes cash & advances to banks and T Bills
3. Includes securities re-classified to loans & advances 72
ICICI Bank Canada
(CAD million) FY2022 Q3-2022 Q2-2023 Q3-2023
Net interest income 44.0 11.6 19.9 25.0
Operating profit 34.1 8.9 15.7 19.3
Loans and advances 4,984.1 4,997.9 5,147.2 5,153.0
- Residential mortgages 3,692.5 3,658.8 3,739.7 3,752.9
Deposits 2,851.7 2,793.0 3,121.8 3,238.7
Capital adequacy ratio 17.2% 26.5% 16.7% 17.6%
- Tier I 16.5% 25.9% 16.1% 16.8%
Net impaired loans 0.3 1.1 0.2 1.8

73
ICICI Bank Canada1
Asset profile Liability profile

Total assets: CAD 6.06 bn Total liabilities: CAD 6.06 bn

1. At Dec 31, 2022
2. Includes cash & placements with banks and government securities
3. Insured mortgages include CAD 2,359.9 million of securitised mortgages at Dec 31, 2022 (Sep 30, 2022: CAD 2,336.7 million)
4. As per IFRS, proceeds of CAD 2,330.0 million at Dec 31, 2022 (Sep 30, 2022: CAD 2,305.7 million) on securitisation of
residential mortgages are considered a part of borrowings 74
ICICI Home Finance1
(₹ billion) Sep 30, 2022 Dec 31, 2022
Loans and advances 158.67 164.68
Gross impaired loans (stage 3)2 8.31 7.61
Net impaired loans (stage 3) 5.47 4.51
Capital adequacy ratio 24.22% 24.14%

• At December 31, 2022, loans to borrowers where resolution was implemented as per the
framework announced by RBI in August 2020 and May 2021 were ₹ 6.90 billion (₹ 7.05 billion
at September 30, 2022); provisions held on these loans were ₹ 0.77 billion (₹ 0.78 billion at
September 30, 2022)

slide 49

1. As per Ind AS
2. Includes commercial real estate loans of ₹ 1.59 billion at Dec 31, 2022 (Sep 30, 2022: ₹ 1.59 billion) 75