CareEdge Ratings has reaffirmed the credit ratings of ICICI Bank’s facilities and instruments. The ratings, including CARE AAA; Stable for long-term instruments and infrastructure bonds, and CARE A1+ for certificate of deposit, reflect ICICI Bank’s position as a leading bank in India. The ratings are supported by the bank’s systemic importance, strong market position, healthy capitalisation, stable resource profile, and improved asset quality.
Ratings Reaffirmed
ICICI Bank announced that CareEdge Ratings reaffirmed the credit ratings for its various facilities and instruments. This decision, announced on October 24, 2025, highlights the bank’s continued financial stability and market position.
Key Rating Details
The following ratings have been reaffirmed:
- Infrastructure Bonds: CARE AAA; Stable for ₹56,500.00 crore
- Long-Term Instruments: CARE AAA; Stable for ₹55.49 crore
- Lower Tier II Bonds: CARE AAA; Stable for ₹1,479.00 crore
- Tier I Bonds: CARE AA+; Stable for ₹4,520.00 crore
- Tier II Bonds: CARE AAA; Stable for ₹10,000.00 crore
- Fixed Deposit: CARE AAA; Stable (Ongoing)
- Certificate of Deposit: CARE A1+ for ₹50,000.00 crore
Factors Supporting the Ratings
The ratings reaffirmation reflects ICICI Bank’s:
- Position as the second-largest private sector bank and third-largest bank in India.
- Designation as a Domestic Systemically Important Bank.
- Strong market position with a well-diversified franchise.
- Comfortable capitalization and healthy CASA mix.
- Improved asset quality, with Gross NPA at 1.67% and Net NPA at 0.39% as of March 31, 2025.
Bank Performance
The bank’s total income for FY25 was ₹1,91,770 crore, a 16% year-on-year increase, while profit after tax increased by 16% to ₹47,227 crore. As of September 30, 2025, the capital adequacy ratio (CAR) was 17%, Tier-I was 16.35%, and CET I was 16.35%.
The bank’s strong retail franchise supports the mobilization of low-cost deposits, enabling it to maintain a healthy CASA mix. As of September 30, 2025, total deposits grew by 8% year-over-year, reaching ₹16,12,825 crore.
Source: BSE