# EDGAR Filing Document

**Accession Number:** 0001103838
**File Stem:** 0000950103-23-000910
**Filing Date:** 2023-1
**Character Count:** 66858
**Document Hash:** 64b84923cb98d675799d6028ca198b4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-000910.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0000950103-23-000910

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230124

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ICICI BANK LTD
- **CENTRAL INDEX KEY:** 0001103838
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15002
- **FILM NUMBER:** 23546725

**BUSINESS ADDRESS:**
- **STREET 1:** ICICI BANK TOWERS
- **STREET 2:** BANDRA-KURLA COMPLEX
- **CITY:** MUMBAI
- **STATE:** K7
- **ZIP:** 400 051
- **BUSINESS PHONE:** 91-22-2653-8900

**MAIL ADDRESS:**
- **STREET 1:** ICICI BANK TOWERS
- **STREET 2:** BANDRA-KURLA COMPLEX
- **CITY:** MUMBAI
- **STATE:** K7
- **ZIP:** 400 051

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ICICI BANKING CORP LTD
- **DATE OF NAME CHANGE:** 20000120

**FORM 6-K**

**SECURITIES AND EXCHANGE COMMISSION** **<br> Washington, D.C. 20549**

**Report of Foreign Issuer** 

**Pursuant to Rule 13a-16 or 15d-16 of<br> the Securities Exchange Act of 1934** 

For the month January, 2023<br>Commission File Number: 001-15002

**ICICI Bank Limited**<br> (Translation of registrant's name into English)

ICICI Bank Towers,<br> Bandra-Kurla Complex<br> Mumbai, India 400 051<br> (Address of principal executive office)

Indicate by check mark whether the registrant files or will file<br> annual reports under cover Form 20-F or Form 40-F.

Form 20-F <u>X</u> Form 40-F  

Indicate by check mark if the registrant is submitting the Form 6-K<br> in paper as permitted by Regulation S-T Rule 101(b)(1):

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| | | |
|:---|:---|:---|
| Yes | No | X |

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Indicate by check mark if the registrant is submitting the Form 6-K<br> in paper as permitted by Regulation S-T Rule 101(b)(7):

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| | | |
|:---|:---|:---|
| Yes | No | X |

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Indicate by check mark whether by furnishing the information<br> contained in this Form, the Registrant is also thereby furnishing the<br> information to the Commission pursuant to Rule 12g3-2(b)<br> under the Securities Exchange Act of 1934:

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| | | |
|:---|:---|:---|
| Yes | No | X |

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If "Yes" is marked, indicate below the file number assigned to the registrant in<br> connection with Rule 12g 3-2(b): <u>Not Applicable</u>

**Table of Contents**

Item

1. Other
 news

2. Unaudited
 Financial results for the quarter ended December 31, 2022

3. Limited
 review reports

4. Press
 Release

![](image_001.jpg)

**OTHER NEWS**

**Sub: Outcome of Board Meeting held on January 21, 2023**

**IBN**

**ICICI Bank Limited (the 'Bank') Report on Form 6-K**

The Bank has made the below announcement to the Indian stock exchanges:

In terms of Regulations 30, 33, 52(4) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following:

&nbsp;&nbsp;&nbsp;&nbsp;1. Copy
 of the unaudited financial results (standalone and consolidated) for the quarter and nine
 months ended December 31, 2022 which have been approved by the Board of Directors of the
 Bank at its Meeting held today.

&nbsp;&nbsp;&nbsp;&nbsp;2. Copy
 of limited review reports submitted by the statutory auditors of the Bank.

A copy of the press release being issued in this connection is also attached.

Please take the above information on record.

---

| | | |
|:---|:---|:---|
| **ICICI Bank Limited**<br>ICICI Bank Towers<br>Bandra-Kurla Complex<br>Mumbai 400 051, India.<br>| Tel.: (91-22) 2653 1414<br>Fax: (91-22) 2653 1122<br>Website <u>www.icicibank.com</u><br>CIN.: L65190GJ1994PLC021012<br>| Regd. Office: ICICI Bank Tower,<br>Near Chakli Circle,<br>Old Padra Road<br>Vadodara 390007. India<br>|

---

![](image_004.jpg)

**ICICI Bank Limited**

CIN-L65190GJ1994PLC021012

**Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara - 390 007.**

**Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.**

**Phone:** 022-26538900, **Fax:** 022-26531228, **Email:** <u>companysecretary@icicibank.com</u>

**Website:** <u>www.icicibank.com</u>

**STANDALONE FINANCIAL RESULTS**

(₹ in crore)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sr. no.** | **Particulars** | **Particulars** | **Three months ended** | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** | **Year ended** |
| **Sr. no.** | **Particulars** | **Particulars** | **December<br> 31, 2022<br> (Q3-2023)** | **September<br> 30, 2022<br> (Q2-2023)** | **December<br> 31, 2021<br> (Q3-2022)** | **December<br> 31, 2022<br> (9M-2023)** | **December<br> 31, 2021<br> (9M-2022)** | **March <br> 31, 2022<br> (FY2022)** |
| **Sr. no.** | **Particulars** | **Particulars** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Audited)** |
| 1. | Interest earned (a)+(b)+(c)+(d) | Interest earned (a)+(b)+(c)+(d) | &nbsp;&nbsp;&nbsp;&nbsp;28505.63 | 26033.04 | 22082.60 | 78210.21 | 63699.65 | 86374.55 |
|  | a) | Interest/discount on advances/bills | 22180.28 | 19928.87 | 16234.21 | 59743.47 | 46956.88 | 63833.56 |
|  | b) | Income on investments | 5343.57 | 5123.36 | 4050.30 | 15048.71 | 12189.88 | 16409.27 |
|  | c) | Interest on balances with Reserve Bank of India and other inter-bank funds | 470.08 | 348.30 | 547.58 | 1299.76 | 947.85 | 1560.83 |
|  | d) | Others | 511.70 | 632.51 | 1250.51 | 2118.27 | 3605.04 | 4570.89 |
| 2. | Other income | Other income | 5023.63 | 5054.87 | 4987.07 | 14743.70 | 13780.11 | 18517.53 |
| **3.** | **TOTAL INCOME (1)+(2)** | **TOTAL INCOME (1)+(2)** | **33529.26** | **31087.91** | **27069.67** | **92953.91** | **77479.76** | **104892.08** |
| 4. | Interest expended | Interest expended | 12040.65 | 11246.23 | 9846.56 | 33748.40 | 28838.11 | 38908.45 |
| 5. | Operating expenses (e)+(f) | Operating expenses (e)+(f) | 8217.39 | 8161.36 | 7074.86 | 23945.08 | 19684.28 | 26733.32 |
|  | e) | Employee cost | 2921.18 | 2888.53 | 2484.84 | 8658.92 | 7243.82 | 9672.75 |
|  | f) | Other operating expenses | 5296.21 | 5272.83 | 4590.02 | 15286.16 | 12440.46 | 17060.57 |
| **6.** | **TOTAL EXPENDITURE (4)+(5)** | **TOTAL EXPENDITURE (4)+(5)** |  |  |  |  |  |  |
|  | **(excluding provisions and contingencies)** | **(excluding provisions and contingencies)** | **20258.04** | **19407.59** | **16921.42** | **57693.48** | **48522.39** | **65641.77** |
| **7.** | **OPERATING PROFIT (3)–(6)** | **OPERATING PROFIT (3)–(6)** | **13271.22** | **11680.32** | **10148.25** | **35260.43** | **28957.37** | **39250.31** |
|  | **(Profit before provisions and contingencies)** | **(Profit before provisions and contingencies)** | **13271.22** | **11680.32** | **10148.25** | **35260.43** | **28957.37** | **39250.31** |
| 8. | Provisions (other than tax) and contingencies (refer note no. 3 & 4) | Provisions (other than tax) and contingencies (refer note no. 3 & 4) | 2257.44 | 1644.52 | 2007.30 | 5045.78 | 7572.47 | 8641.42 |
| 9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX (7)–(8) | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX (7)–(8) | 11013.78 | 10035.80 | 8140.95 | 30214.65 | 21384.90 | 30608.89 |
| 10. | Exceptional items | Exceptional items | .. | .. | .. | .. | .. | .. |
| 11. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX (9)–(10) | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX (9)–(10) | 11013.78 | 10035.80 | 8140.95 | 30214.65 | 21384.90 | 30608.89 |
| 12. | Tax expense (g)+(h) | Tax expense (g)+(h) | 2701.93 | 2477.96 | 1947.14 | 7440.02 | 5064.12 | 7269.40 |
|  | g) | Current period tax | 2601.91 | 2605.14 | 1647.63 | 7446.26 | 4527.28 | 6297.68 |
|  | h) | Deferred tax | 100.02 | (127.18) | 299.51 | (6.24) | 536.84 | 971.72 |
| **13.** | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)–(12) | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (11)–(12) | 8311.85 | 7557.84 | 6193.81 | 22774.63 | 16320.78 | 23339.49 |
| 14. | Extraordinary items (net of tax expense) | Extraordinary items (net of tax expense) | .. | .. | .. | .. | .. | .. |
| 15. | **NET PROFIT FOR THE PERIOD (13)–(14)** | **NET PROFIT FOR THE PERIOD (13)–(14)** | **8311.85** | **7557.84** | **6193.81** | **22774.63** | **16320.78** | **23339.49** |
| 16. | Paid-up equity share capital (face value ₹ 2 each) | Paid-up equity share capital (face value ₹ 2 each) | 1395.62 | 1393.79 | 1388.88 | 1395.62 | 1388.88 | 1389.97 |
| 17. | Reserves excluding revaluation reserves | Reserves excluding revaluation reserves | 186042.33 | 177407.93 | 158389.81 | 186042.33 | 158389.81 | 165659.93 |
| 18. | Analytical ratios | Analytical ratios |  |  |  |  |  |  |
|  | i) | Percentage of shares held by Government of India | 0.20% | 0.20% | 0.19% | 0.20% | 0.19% | 0.19% |
|  | ii) | Capital adequacy ratio (Basel III) | 16.26% | 16.93% | 17.91% | 16.26% | 17.91% | 19.16% |
|  | iii) | Earnings per share (EPS) |  |  |  |  |  |  |
|  | a) | Basic EPS before and after extraordinary items, net of tax expense (not annualised) (in ₹) | 11.92 | 10.86 | 8.93 | 32.71 | 23.55 | 33.66 |
|  | b) | Diluted EPS before and after extraordinary items, net of tax expense (not annualised) (in ₹) | 11.68 | 10.64 | 8.74 | 32.07 | 23.08 | 32.98 |
| 19. | NPA Ratio<sup>1</sup> | NPA Ratio<sup>1</sup> |  |  |  |  |  |  |
|  | i) | Gross non-performing customer assets (net of write-off) | 32528.24 | 32570.86 | 37052.74 | 32528.24 | 37052.74 | 33919.52 |
|  | ii) | Net non-performing customer assets | 5651.22 | 6099.29 | 7343.88 | 5651.22 | 7343.88 | 6960.89 |
|  | iii) | % of gross non-performing customer assets (net of write-off) to gross customer assets | 3.07% | 3.19% | 4.13% | 3.07% | 4.13% | 3.60% |
|  | iv) | % of net non-performing customer assets to net customer assets | 0.55% | 0.61% | 0.85% | 0.55% | 0.85% | 0.76% |
| 20. | Return on assets (annualised) | Return on assets (annualised) | 2.20% | 2.06% | 1.90% | 2.08% | 1.74% | 1.84% |
| 21. | Net worth<sup>2</sup> | Net worth<sup>2</sup> | 179246.33 | 170442.17 | 151044.26 | 179246.33 | 151044.26 | 158769.75 |
| 22. | Outstanding redeemable preference shares | Outstanding redeemable preference shares | .. | .. | .. | .. | .. | .. |
| 23. | Capital redemption reserve | Capital redemption reserve | 350.00 | 350.00 | 350.00 | 350.00 | 350.00 | 350.00 |
| 24. | Debt-equity ratio<sup>3</sup> | Debt-equity ratio<sup>3</sup> | 0.38 | 0.40 | 0.39 | 0.38 | 0.39 | 0.44 |
| 25. | Total debts to total assets<sup>4</sup> | Total debts to total assets<sup>4</sup> | 8.58% | 8.73% | 8.09% | 8.58% | 8.09% | 7.60% |

---

1. At December 31, 2022, the percentage of gross non-performing advances (net of
 write-off) to gross advances was 3.13% (September 30, 2022: 3.26%, March 31, 2022: 3.76%, December 31, 2021: 4.32%) and net non-performing
 advances to net advances was 0.58% (September 30, 2022: 0.65%, March 31, 2022: 0.81%, December 31, 2021: 0.90%).

2. Net worth is computed as per RBI Master Circular No. RBI/2015-16/70 DBR.No.Dir.BC.12/13.03.00/2015-16
 on Exposure Norms dated July 1, 2015.

3. Debt represents borrowings with residual maturity of more than one year.

4. Total debt represents total borrowings of the Bank.

 **SUMMARISED STANDALONE BALANCE SHEET**

(₹ in crore)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Particulars** | **At** | **At** | **At** | **At** |
| **Particulars** | **December <br> 31, 2022** | **September<br> 30, 2022** | **March <br> 31, 2022** | **December <br> 31, 2021** |
| **Particulars** | **(Unaudited)** | **(Unaudited)** | **(Audited)** | **(Unaudited)** |
| **Capital and Liabilities** | | | | |
| Capital | 1395.62 | 1393.79 | 1389.97 | 1388.88 |
| Employees stock options outstanding | 635.49 | 510.09 | 266.41 | 196.57 |
| Reserves and surplus | 189237.43 | 180603.03 | 168855.59 | 161482.68 |
| Deposits | 1122049.48 | 1090007.96 | 1064571.61 | 1017466.71 |
| Borrowings (includes subordinated debt) | 130550.00 | 129933.91 | 107231.36 | 109585.42 |
| Other liabilities and provisions | 77880.09 | 86225.46 | 68982.80 | 64075.37 |
| **Total Capital and Liabilities** | **1521748.11** | **1488674.24** | **1411297.74** | **1354195.63** |
| **Assets** |  |  |  |  |
| Cash and balances with Reserve Bank of India | 62281.19 | 67095.05 | 109522.82 | 141580.55 |
| Balances with banks and money at call and short notice | 60189.63 | 57817.87 | 58299.54 | 39328.77 |
| Investments | 337050.56 | 333030.82 | 310241.00 | 284823.43 |
| Advances | 974047.50 | 938562.78 | 859020.44 | 813991.62 |
| Fixed assets | 9574.52 | 9509.67 | 9373.82 | 9155.60 |
| Other assets | 78604.71 | 82658.05 | 64840.12 | 65315.66 |
| **Total Assets** | **1521748.11** | **1488674.24** | **1411297.74** | **1354195.63** |

---

**CONSOLIDATED FINANCIAL RESULTS**

(₹ in crore)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sr. no.** | **Particulars** | **Three months ended**  | **Three months ended**  | **Three months ended**  | **Nine months ended** | **Nine months ended** | **Year ended** |
| **Sr. no.** | **Particulars** | **December<br> 31, 2022<br> (Q3-2023)** | **September<br> 30, 2022<br> (Q2-2023)** | **December<br> 31, 2021<br> (Q3-2022)** | **December<br> 31, 2022<br> (9M-2023)** | **December<br> 31, 2021<br> (9M-2022)** | **March <br> 31, 2022<br> (FY2022)** |
| **Sr. no.** | **Particulars** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Audited)** |
| 1. | Interest earned (a)+(b)+(c)+(d) | 31618.81 | 28850.49 | 24314.25 | 86627.90 | 70407.41 | 95406.87 |
| a) | Interest/discount on advances/bills | 23259.99 | 20861.83 | 17019.99 | 62575.56 | 49205.91 | 66886.54 |
| b) | Income on investments | 7136.29 | 6814.58 | 5384.90 | 20077.16 | 16367.09 | 21990.64 |
| c) | Interest on balances with Reserve Bank of India and other inter-bank funds | 595.39 | 440.19 | 616.17 | 1598.32 | 1135.18 | 1819.60 |
| d) | Others | 627.14 | 733.89 | 1293.19 | 2376.86 | 3699.23 | 4710.09 |
| 2. | Other income | 16240.69 | 16327.73 | 15551.55 | 45628.15 | 44294.85 | 62129.45 |
| **3.** | **TOTAL INCOME (1)+(2)** | **47859.50** | **45178.22** | **39865.80** | **132256.05** | **114702.26** | **157536.32** |
| 4. | Interest expended | 12977.89 | 11996.97 | 10372.37 | 36063.92 | 30532.74 | 41166.67 |
| 5. | Operating expenses (e)+(f) | 20511.90 | 20683.34 | 18341.79 | 58201.93 | 52479.64 | 73151.73 |
| e) | Employee cost | 3723.10 | 3675.89 | 3232.59 | 10986.17 | 9226.28 | 12341.60 |
| f) | Other operating expenses | 16788.80 | 17007.45 | 15109.20 | 47215.76 | 43253.36 | 60810.13 |
| **6.** | **TOTAL EXPENDITURE (4)+(5)** | **33489.79** | **32680.31** | **28714.16** | **94265.85** | **83012.38** | **114318.40** |
|  | **(excluding provisions and contingencies)** | **33489.79** | **32680.31** | **28714.16** | **94265.85** | **83012.38** | **114318.40** |
| **7.** | **OPERATING PROFIT (3)–(6)** | **14369.71** | **12497.91** | **11151.64** | **37990.20** | **31689.88** | **43217.92** |
|  | **(Profit before provisions and contingencies)** | **14369.71** | **12497.91** | **11151.64** | **37990.20** | **31689.88** | **43217.92** |
| 8. | Provisions (other than tax) and contingencies (refer note no. 3 & 4) | 2434.12 | 1652.97 | 2128.54 | 5217.88 | 7873.38 | 8976.65 |
| 9. | PROFIT FROM ORDINARY ACTIVITIES BEFORE EXCEPTIONAL ITEMS AND TAX (7)–(8) | 11935.59 | 10844.94 | 9023.10 | 32772.32 | 23816.50 | 34241.27 |
| 10. | Exceptional items | .. | .. | .. | .. | .. | .. |
| 11. | Add: Share of profit in associates | 229.44 | 306.52 | 192.99 | 747.22 | 575.67 | 754.43 |
| 12. | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX AND MINORITY INTEREST (9)–(10)+(11) | 12165.03 | 11151.46 | 9216.09 | 33519.54 | 24392.17 | 34995.70 |
| 13. | Tax expense (g)+(h) | 2999.41 | 2790.25 | 2256.20 | 8294.52 | 5943.02 | 8457.44 |
| g) | Current period tax | 2905.98 | 2888.63 | 1922.52 | 8278.38 | 5382.71 | 7404.45 |
| h) | Deferred tax | 93.43 | (98.38) | 333.68 | 16.14 | 560.31 | 1052.99 |
| 14. | Less: Share of profit/(loss) of minority shareholders | 373.20 | 354.22 | 423.34 | 1041.08 | 1057.99 | 1428.16 |
| 15. | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (12)–(13)–(14) | 8792.42 | 8006.99 | 6536.55 | 24183.94 | 17391.16 | 25110.10 |
| 16. | Extraordinary items (net of tax expense) | .. | .. | .. | .. | .. | .. |
| **17.** | **NET PROFIT FOR THE PERIOD (15)-(16)** | **8792.42** | **8006.99** | **6536.55** | **24183.94** | **17391.16** | **25110.10** |
| 18. | Paid-up equity share capital (face value ₹ 2/- each) | 1395.62 | 1393.79 | 1388.88 | 1395.62 | 1388.88 | 1389.97 |
| 19. | Reserves excluding revaluation reserves | 199333.21 | 190007.24 | 170403.44 | 199333.21 | 170403.44 | 177167.61 |
| 20. | Earnings per share (EPS) |  |  |  |  |  |  |
|  | Basic EPS before and after extraordinary items, net of tax expense (not annualised) (in ₹) | 12.61 | 11.50 | 9.42 | 34.74 | 25.10 | 36.21 |
|  | Diluted EPS before and after extraordinary items, net of tax expense (not annualised) (in ₹) | 12.35 | 11.25 | 9.21 | 34.01 | 24.56 | 35.44 |

---

 **SUMMARISED CONSOLIDATED BALANCE SHEET**

(₹ in crore)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Particulars** | **At** | **At** | **At** | **At** |
| **Particulars** | **December <br> 31, 2022** | **September<br> 30, 2022** | **March <br> 31, 2022** | **December <br> 31, 2021** |
| **Particulars** | **(Unaudited)** | **(Unaudited)** | **(Audited)** | **(Unaudited)** |
| **Capital and Liabilities** | | | | |
| Capital | 1395.62 | 1393.79 | 1389.97 | 1388.88 |
| Employees stock options outstanding | 636.11 | 510.09 | 266.41 | 196.57 |
| Reserves and surplus | 202561.15 | 193235.18 | 180396.11 | 173528.00 |
| Minority interest | 6573.21 | 6328.99 | 5980.89 | 5801.53 |
| Deposits | 1152325.13 | 1116276.81 | 1091365.79 | 1044290.24 |
| Borrowings (includes subordinated debt) | 192496.93 | 182180.98 | 161602.68 | 154609.58 |
| Liabilities on policies in force | 239975.30 | 232811.31 | 228827.20 | 226445.59 |
| Other liabilities and provisions | 91245.56 | 100416.67 | 82808.33 | 76643.45 |
| **Total Capital and Liabilities** | **1887209.01** | **1833153.82** | **1752637.38** | **1682903.84** |
| **Assets** |  |  |  |  |
| Cash and balances with Reserve Bank of India | 62323.30 | 67145.79 | 109630.71 | 141677.25 |
| Balances with banks and money at call and short notice | 77556.73 | 71399.78 | 73495.27 | 53937.95 |
| Investments | 612557.65 | 594192.38 | 567097.72 | 531822.43 |
| Advances | 1038091.18 | 1000290.80 | 920308.14 | 874594.01 |
| Fixed assets | 10858.87 | 10787.57 | 10605.41 | 10381.79 |
| Other assets | 85719.95 | 89236.17 | 71398.80 | 70389.08 |
| Goodwill on consolidation | 101.33 | 101.33 | 101.33 | 101.33 |
| **Total Assets** | **1887209.01** | **1833153.82** | **1752637.38** | **1682903.84** |

---

**CONSOLIDATED SEGMENTAL RESULTS** 

(₹ in crore)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sr. no.** | **Particulars** | **Three months ended** | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** | **Year ended** |
| **Sr. no.** | **Particulars** | **December<br> 31, 2022<br> (Q3-2023)** | **September<br> 30, 2022<br> (Q2-2023)** | **December<br> 31, 2021<br> (Q3-2022)** | **December<br> 31, 2022<br> (9M-2023)** | **December<br> 31, 2021<br> (9M-2022)** | **March <br> 31, 2022<br> (FY2022)** |
| **Sr. no.** | **Particulars** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Audited)** |
| 1. | **Segment Revenue** |  |  |  |  |  |  |
| a | Retail Banking | 26325.77 | 25322.22 | 21662.91 | 75036.00 | 62356.13 | 84639.22 |
| b | Wholesale Banking | 13593.64 | 11555.28 | 10327.98 | 36018.21 | 29484.33 | 39971.49 |
| c | Treasury | 22147.29 | 20022.25 | 17090.39 | 60527.61 | 49877.39 | 67321.09 |
| d | Other Banking | 1273.30 | 1186.06 | 765.09 | 3084.90 | 2126.85 | 2778.41 |
| e | Life Insurance | 11923.16 | 12054.15 | 11157.92 | 32975.10 | 32000.06 | 45340.24 |
| f | Others | 2526.81 | 2446.68 | 2141.48 | 7027.49 | 6510.50 | 8733.25 |
|  | **Total segment revenue** | **77789.97** | **72586.64** | **63145.77** | **214669.31** | **182355.26** | **248783.70** |
|  | Less: Inter segment revenue | 29930.47 | 27408.42 | 23279.97 | 82413.26 | 67653.00 | 91247.38 |
|  | **Income from operations** | **47859.50** | **45178.22** | **39865.80** | **132256.05** | **114702.26** | **157536.32** |
| 2. | **Segmental Results** (i.e. Profit before tax and minority interest) |  |  |  |  |  |  |
| a | Retail Banking | 4288.56 | 4532.82 | 3761.58 | 12631.04 | 6757.15 | 11400.39 |
| b | Wholesale Banking | 3876.69 | 3717.12 | 1990.64 | 11282.19 | 5775.47 | 9052.93 |
| c | Treasury | 4151.08 | 3041.78 | 2050.81 | 9801.78 | 7351.03 | 9674.48 |
| d | Other Banking | 219.41 | 235.00 | 265.58 | 659.17 | 567.45 | 627.12 |
| e | Life Insurance | 224.92 | 199.48 | 310.63 | 580.09 | 569.47 | 790.56 |
| f | Others | 1086.25 | 1139.43 | 1048.02 | 3146.84 | 3190.71 | 4349.99 |
| g | Unallocated expenses | (1500.00) | (1500.00) | .. | (4050.00) | 1050.00 | 25.00 |
|  | **Total segment results** | **12346.91** | **11365.63** | **9427.26** | **34051.11** | **25261.28** | **35920.47** |
|  | Less: Inter segment adjustment | 411.32 | 520.69 | 404.16 | 1278.79 | 1444.78 | 1679.20 |
|  | Add: Share of profit in associates | 229.44 | 306.52 | 192.99 | 747.22 | 575.67 | 754.43 |
|  | **Profit before tax and minority interest** | **12165.03** | **11151.46** | **9216.09** | **33519.54** | **24392.17** | **34995.70** |
| 3. | **Segment assets** |  |  |  |  |  |  |
| a | Retail Banking | 564925.73 | 547304.40 | 459678.08 | 564925.73 | 459678.08 | 487651.93 |
| b | Wholesale Banking | 407505.95 | 391612.01 | 362965.28 | 407505.95 | 362965.28 | 379091.80 |
| c | Treasury | 515090.22 | 516823.60 | 511884.47 | 515090.22 | 511884.47 | 521896.09 |
| d | Other Banking | 83428.58 | 77931.47 | 66070.09 | 83428.58 | 66070.09 | 68286.69 |
| e | Life Insurance | 255466.24 | 247827.69 | 241108.93 | 255466.24 | 241108.93 | 244006.42 |
| f | Others | 60930.70 | 52124.46 | 41015.10 | 60930.70 | 41015.10 | 51653.48 |
| g | Unallocated | 10661.65 | 10294.09 | 11207.00 | 10661.65 | 11207.00 | 10572.66 |
|  | **Total** | **1898009.07** | **1843917.72** | **1693928.95** | **1898009.07** | **1693928.95** | **1763159.07** |
|  | Less: Inter segment adjustment | 10800.06 | 10763.90 | 11025.11 | 10800.06 | 11025.11 | 10521.69 |
|  | **Total segment assets** | **1887209.01** | **1833153.82** | **1682903.84** | **1887209.01** | **1682903.84** | **1752637.38** |
| 4. | **Segment liabilities** |  |  |  |  |  |  |
| a | Retail Banking | 851158.87 | 830053.25 | 754170.26 | 851158.87 | 754170.26 | 791894.25 |
| b | Wholesale Banking | 327091.38 | 321677.03 | 309777.81 | 327091.38 | 309777.81 | 321390.70 |
| c | Treasury | 153461.88 | 156709.28 | 134624.96 | 153461.88 | 134624.96 | 133045.58 |
| d | Other Banking | 52081.33 | 48111.03 | 48710.17 | 52081.33 | 48710.17 | 49428.36 |
| e | Life Insurance | 245592.15 | 238362.01 | 232222.12 | 245592.15 | 232222.12 | 234991.26 |
| f | Others | 52530.58 | 43866.06 | 34099.72 | 52530.58 | 34099.72 | 44120.97 |
| g | Unallocated | 11500.00 | 10000.00 | 5210.46 | 11500.00 | 5210.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6235.46 |
|  | **Total** | **1693416.19** | **1648778.66** | **1518815.50** | **1693416.19** | **1518815.50** | **1581106.58** |
|  | Less: Inter segment adjustment | 10800.06 | 10763.90 | 11025.11 | 10800.06 | 11025.11 | 10521.69 |
|  | **Total segment liabilities** | **1682616.13** | **1638014.76** | **1507790.39** | **1682616.13** | **1507790.39** | **1570584.89** |
| 5. | **Capital employed (i.e. Segment assets – Segment liabilities)** |  |  |  |  |  |  |
| a | Retail Banking | (286233.14) | (282748.85) | (294492.18) | (286233.14) | (294492.18) | (304242.32) |
| b | Wholesale Banking | 80414.57 | 69934.98 | 53187.47 | 80414.57 | 53187.47 | 57701.10 |
| c | Treasury | 361628.34 | 360114.32 | 377259.51 | 361628.34 | 377259.51 | 388850.51 |
| d | Other Banking | 31347.25 | 29820.44 | 17359.92 | 31347.25 | 17359.92 | 18858.33 |
| e | Life Insurance | 9874.09 | 9465.68 | 8886.81 | 9874.09 | 8886.81 | 9015.16 |
| f | Others | 8400.12 | 8258.40 | 6915.38 | 8400.12 | 6915.38 | 7532.51 |
| g | Unallocated | (838.35) | 294.09 | 5996.54 | (838.35) | 5996.54 | 4337.20 |
|  | **Total capital employed** | **204592.88** | **195139.06** | **175113.45** | **204592.88** | **175113.45** | **182052.49** |

---

**Notes on segmental results:**

---

| | |
|:---|:---|
| 1. | The disclosure on segmental reporting has been prepared in accordance with Reserve Bank of India (RBI) guidelines on 'Segmental Reporting' and Securities and Exchange Board of India (SEBI) circular no. CIR/CFD/FAC/62/2016 dated July 5, 2016 on Revised Formats for Financial Results and Implementation of Ind AS by Listed Entities. |
| 2. | 'Retail Banking' includes exposures of the Bank which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document 'International Convergence of Capital Measurement and Capital Standards: A Revised Framework'. This segment also includes income from credit cards, debit cards, third party product distribution and the associated costs. |
|  | RBI through its circular dated April 7, 2022 on establishment of Digital Banking Units (DBUs), has prescribed reporting of Digital Banking segment as a sub-segment of Retail Banking segment. During Q3-2023, four DBUs were opened by the Bank. The reporting of Digital Banking segment will be implemented by the Bank as per the guidance on the issues raised and clarification sought by the Bank from the Indian Banks' Association (IBA) in this regard. |
| 3. | 'Wholesale Banking' includes all advances to trusts, partnership firms, companies and statutory bodies, by the Bank which are not included under Retail Banking. |
| 4. | 'Treasury' includes the entire investment and derivative portfolio of the Bank and ICICI Strategic Investments Fund. |
| 5. | 'Other Banking' includes leasing operations and other items not attributable to any particular business segment of the Bank. Further, it includes the Bank's banking subsidiaries i.e. ICICI Bank UK PLC and ICICI Bank Canada. |
| 6. | 'Life Insurance' represents ICICI Prudential Life Insurance Company Limited. |
| 7. | 'Others' comprises the consolidated entities of the Bank, not covered in any of the segments above. |
| 8. | 'Unallocated' includes items such as tax paid in advance net of provision, deferred tax and provisions to the extent reckoned at the entity level. |

---

**Notes:**

1. The above standalone and consolidated financial results have been approved by
 the Board of Directors at its meeting held on January 21, 2023. The joint statutory auditors have conducted limited review and issued
 an unmodified report on the standalone and consolidated financial results for Q3-2023 and 9M-2023.

2. The financial results have been prepared in accordance with the recognition and measurement principles
 given in Accounting Standard (AS) 25 on 'Interim Financial Reporting' as prescribed under the Companies Act, 2013.

3. In Q3-2023, the Bank has changed its provisioning norms on non-performing assets to make it more
 conservative. The aforementioned change resulted in higher provisions amounting to ₹ 1,195.64 crore in Q3-2023.

4. During Q3-2023, the Bank has made an additional contingency provision of ₹ 1,500.00 crore
 (9M-2023: ₹ 4,050.00 crore) on a prudent basis. Accordingly, the Bank holds contingency provision of ₹ 11,500.00 crore
 at December 31, 2022.

5. During Q3-2023, the Bank has allotted 9,147,539 equity shares of ₹ 2 each pursuant to exercise
 of employee stock options.

6. In accordance with RBI guidelines, consolidated Pillar 3 disclosure (unaudited), leverage ratio,
 liquidity coverage ratio, net stable funding ratio and details of loans transferred/acquired under the RBI Master Direction on Transfer
 of Loan Exposures dated September 24, 2021 is available at https://www.icicibank.com/regulatory-disclosure.page.

7. Previous period/year figures have been re-grouped/re-classified where necessary to conform to current
 period classification.

8. The above standalone and consolidated financial results have been reviewed/audited by the joint
 statutory auditors, M S K A & Associates, Chartered Accountants and KKC & Associates LLP, Chartered Accountants.

9. ₹ 1 crore = ₹ 10.0 million.

---

| | |
|:---|:---|
|  | **For and on behalf of the Board of Directors** |
|  | **Sandeep Batra** |
| **Mumbai** | **Executive Director** |
| **January 21, 2023** | **DIN-03620913** |

---

---

| | |
|:---|:---|
| **M S K A & Associates** | **KKC & Associates LLP** |
| **Chartered Accountants** | **Chartered Accountants** |
|  | (formerly Khimji Kunverji & Co LLP) |
| 602 Floor 6, Raheja Titanium, | Level-19, Sunshine Tower, |
| Western Express Highway, | Senapati Bapat Marg, |
| Geetanjali, Railway Colony, | Elphinstone Road. |
| Ram Nagar, Goregaon (E), | Mumbai 400 013 |
| Mumbai 400 063 |  |

---

**Independent Auditors' Review Report on unaudited standalone financial results for the quarter and nine months ended 31 December 2022 of ICICI Bank Limited pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended**

To The Board of Directors of ICICI Bank Limited

&nbsp;&nbsp;&nbsp;&nbsp;1. We
 have reviewed the accompanying statement of unaudited standalone financial results of ICICI
 Bank Limited ('the Bank') for the quarter and nine months ended 31 December 2022
 ('the Statement'), being submitted by the Bank pursuant to the requirements of
 Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange
 Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
 ('the Listing Regulations') except for the disclosures relating to Pillar 3 disclosure
 as at 31 December 2022, including leverage ratio, liquidity coverage ratio and net stable
 funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's
 website and in respect of which a link has been provided in the Note 06 to the Statement
 and have not been reviewed by us.

&nbsp;&nbsp;&nbsp;&nbsp;2. This
 Statement, which is the responsibility of the Bank's Management and has been approved by
 the Bank's Board of Directors, has been prepared in accordance with the recognition
 and measurement principles laid down in the Accounting Standard 25, Interim Financial Reporting
 ('AS 25'), prescribed under section 133 of the Companies Act, 2013, read with
 relevant rules issued thereunder, the relevant provisions of the Banking Regulations Act,
 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('the
 RBI') from time to time ('the RBI Guidelines') and other accounting principles
 generally accepted in India, and in compliance with the Listing Regulations. Our responsibility
 is to express a conclusion on the Statement based on our review.

&nbsp;&nbsp;&nbsp;&nbsp;3. We
 conducted our review of the Statement in accordance with the Standard on Review Engagements
 ('SRE') 2410, "Review of Interim Financial Information Performed by the
 Independent Auditor of the Entity" issued by the Institute of Chartered Accountants
 of India. This standard requires that we plan and perform the review to obtain moderate assurance
 as to whether the Statement is free of material misstatement. A review is limited primarily
 to inquiries of the Bank personnel and analytical procedures applied to financial data and
 thus provides less assurance than an audit. We have not performed an audit and accordingly,
 we do not express an audit opinion.

---

| | |
|:---|:---|
| **M S K A & Associates** | **KKC & Associates LLP** |
| **Chartered Accountants** | **Chartered Accountants** |
|  | (formerly Khimji Kunverji & Co LLP) |

---

&nbsp;&nbsp;&nbsp;&nbsp;4. Based
 on our review conducted as above, nothing has come to our attention that causes us to believe
 that the accompanying Statement, prepared in accordance with the recognition and measurement
 principles laid out in AS 25 prescribed under Section 133 of the Companies Act, 2013, read
 with relevant rules thereunder, the RBI guidelines and other accounting principles generally
 accepted in India, has not disclosed the information required to be disclosed in terms of
 the Listing Regulations including the manner in which it is to be disclosed, or that it contains
 any material misstatement or that it has not been prepared in accordance with the relevant
 prudential norms issued by the RBI in respect of Income recognition, asset classification,
 provisioning and other related matters, except for the disclosures relating to Pillar 3 disclosure
 as at 31 December 2022, including leverage ratio, liquidity coverage ratio and net stable
 funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's
 website and in respect of which a link has been provided in the Note 06 to the Statement
 and have not been reviewed by us.

---

| | |
|:---|:---|
| **For M S K A & Associates** | **For KKC & Associates LLP** |
| Chartered Accountants | Chartered Accountants |
|  | (formerly Khimji Kunverji & Co LLP) |
| ICAI Firm Registration No. 105047W | ICAI Firm Registration No. 105146W/W100621 |
| **Tushar Kurani** | **Gautam Shah** |
| Partner | Partner |
| ICAI Membership No.: 118580 | ICAI Membership No.: 117348 |
| UDIN: 23118580BGXROH9259 | UDIN: 23117348BGSZGO6246 |
| Place: Mumbai | Place: Mumbai |
| Date: 21 January 2023 | Date: 21 January 2023 |

---

---

| | |
|:---|:---|
| **M S K A & Associates** | **KKC & Associates LLP** |
| **Chartered Accountants** | **Chartered Accountants** |
|  | (formerly Khimji Kunverji & Co LLP) |
| 602 Floor 6, Raheja Titanium, | Level-19, Sunshine Tower, |
| Western Express Highway, | Senapati Bapat Marg, |
| Geetanjali, Railway Colony, | Elphinstone Road. |
| Ram Nagar, Goregaon (E), | Mumbai 400 013 |
| Mumbai 400 063 |  |

---

**Independent Auditors' Review Report on unaudited consolidated financial results for the quarter and nine months ended 31 December 2022 of ICICI Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended**

To The Board of Directors of ICICI Bank Limited

&nbsp;&nbsp;&nbsp;&nbsp;1. We
 have reviewed the accompanying statement of unaudited consolidated financial results of ICICI
 Bank Limited ('the Parent' or 'the Bank'), its subsidiaries (the
 Parent and its subsidiaries together referred to as 'the Group') and its share
 of the net profit / (loss) after tax of its associates for the quarter and nine months ended
 31 December 2022 ('the Statement'), being submitted by the Parent pursuant to
 the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing
 Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing
 Regulations'), except for the disclosures relating to consolidated Pillar 3 disclosure
 as at 31 December 2022, including leverage ratio, liquidity coverage ratio and net stable
 funding ratio under Basel III Capital Regulations as have been disclosed on the Bank's
 website and in respect of which a link has been provided in the Note 06 of the Statement
 and have not been reviewed by us.

&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Statement, which is the responsibility of the Parent's Management and has been approved by
 the Parent's Board of Directors, has been prepared in accordance with the recognition
 and measurement principles laid down in the Accounting Standard 25, Interim Financial Reporting
 ('AS 25'), prescribed under section 133 of the Companies Act, 2013, read with
 relevant rules thereunder, the relevant provisions of the Banking Regulation Act, 1949, the
 circulars, guidelines and directions issued by the Reserve Bank of India ('the RBI')
 from time to time ('the RBI Guidelines') and other accounting principles generally
 accepted in India, and in compliance with the Listing Regulations. Our responsibility is
 to express a conclusion on the Statement based on our review.

&nbsp;&nbsp;&nbsp;&nbsp;3. We
 conducted our review of the Statement in accordance with the Standard on Review Engagements
 ('SRE') 2410, "Review of Interim Financial Information Performed by the
 Independent Auditor of the Entity", issued by the Institute of Chartered Accountants
 of India. A review of interim financial information consists of making inquiries, primarily
 of persons responsible for financial and accounting matters, and applying analytical and
 other review procedures. A review is substantially less in scope than an audit conducted
 in accordance with the Standards on Auditing and consequently does not enable us to obtain
 assurance that we would become aware of all significant matters that might be identified
 in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

&nbsp;&nbsp;&nbsp;&nbsp;4. The
 Statement includes the results of the entities referred in Annexure 1.

---

| | |
|:---|:---|
| **M S K A & Associates** | **KKC & Associates LLP** |
| **Chartered Accountants** | **Chartered Accountants** |
|  | (formerly Khimji Kunverji & Co LLP) |

---

&nbsp;&nbsp;&nbsp;&nbsp;5. Based
 on our review conducted and procedures performed as stated in paragraph 3 above and upon
 consideration of the review/audit reports of other auditors, referred to in paragraph 8 &
 9 below, nothing has come to our attention that causes us to believe that the accompanying
 Statement, prepared in accordance with the recognition and measurement principles laid down
 in AS 25, prescribed under Section 133 of the Companies Act, 2013, read with relevant rules
 thereunder, the RBI guidelines, and other accounting principles generally accepted in India,
 has not disclosed the information required to be disclosed in accordance with the requirements
 of the Listing Regulations including the manner in which it is to be disclosed, or that it
 contains any material misstatement except for the disclosures relating to consolidated Pillar
 3 disclosure as at 31 December 2022, including leverage ratio, liquidity coverage ratio and
 net stable funding ratio under Basel III Capital Regulations as have been disclosed on the
 Bank's website and in respect of which a link has been provided in Note 06 to the Statement
 and have not been reviewed by us.

&nbsp;&nbsp;&nbsp;&nbsp;6. The
 joint statutory auditors of ICICI Prudential Life Insurance Company Limited ("ICICI
 Life"), vide their audit report dated 17 January 2023 have expressed an unmodified
 opinion and have reported in the 'Other Matter' section that 'The actuarial valuation of
 liabilities for life policies in force and for policies in respect of which premium has been
 discontinued but liability exists as at 31 December 2022 is the responsibility of the Company's
 Panel Actuary (the "Appointed Actuary"). The actuarial valuation of these liabilities
 for life policies in force and for policies in respect of which premium has been discontinued
 but liability exists as at 31 December 2022 has been duly certified by the Appointed Actuary
 and in his opinion, the assumptions for such valuation are in accordance with the guidelines
 and norms issued by the Insurance Regulatory and Development Authority of India ('IRDAI')
 and the Institute of Actuaries of India in concurrence with the Authority. The joint auditors
 have relied upon the Appointed Actuary's certificate in this regard for forming their opinion
 on the valuation of liabilities for life policies in force and for policies in respect or
 which premium has been discontinued but liability exists, as contained in the condensed standalone
 interim financial statements of the Company'. Our conclusion on the Statement is not
 modified in respect of this matter based on the opinion expressed by the joint statutory
 auditors of ICICI Life.

&nbsp;&nbsp;&nbsp;&nbsp;7. The
 joint statutory auditors of ICICI Lombard General Insurance Company Limited ('ICICI
 General'), vide their audit report dated 17 January 2023, have expressed an unmodified
 opinion and have reported in the 'Other Matter' section that, 'The actuarial valuation of
 liabilities in respect of Incurred But Not Reported ('IBNR'), Incurred But Not Enough
 Reported ('IBNER') and the Premium Deficiency Reserve ('PDR') is the responsibility of the
 Company's Appointed Actuary (the 'Appointed Actuary'). The actuarial valuation of these liabilities,
 that are estimated using statistical methods as at 31 December 2022 has been duly certified
 by the Appointed Actuary and in his opinion, the assumptions considered by him for such valuation
 are in accordance with the guidelines and norms issued by the IRDAI and the Institute of
 Actuaries of India in concurrence with IRDAI. The joint auditors have relied upon the Appointed
 Actuary's certificate in this regard for forming their opinion on the valuation of liabilities
 for outstanding claims reserves and the PDR contained in the financial results of the Company'.
 Our conclusion on the Statement is not modified in respect of this matter based on the opinion
 expressed by the joint statutory auditors of ICICI General.

&nbsp;&nbsp;&nbsp;&nbsp;8. We
 did not review/audit the interim financial statements / financial results of eight subsidiaries,
 included in the Statement, whose interim financial statements / financial results reflects
 total assets of Rs.371,444.91 crore (before consolidation adjustments) as at 31 December
 2022 and total revenues of Rs.14,956.01 crore and Rs.41,326.93 crore (before consolidation
 adjustments) and total net profit after tax of Rs.1,135.96 crore and Rs.3,202.97 crore (before
 consolidation adjustments) for the quarter and nine months ended 31 December 2022, respectively
 as considered in the Statement. These interim financial statements/ financial results have
 been reviewed/audited by other auditors whose review/ audit reports have been furnished to
 us by the management, and our conclusion on the Statement in so far as it relates to the
 amounts and disclosures included in

---

| | |
|:---|:---|
| **M S K A & Associates** | **KKC & Associates LLP** |
| **Chartered Accountants** | **Chartered Accountants** |
|  | (formerly Khimji Kunverji & Co LLP) |

---

respect of these subsidiaries is based solely on the review reports of such other auditors, and the procedures performed by us as stated in paragraph 3 above. Further, of these subsidiaries, three subsidiaries are located outside India whose interim financial statements/information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed/audited by their respective auditors under generally accepted auditing standards applicable in their respective countries. Our review report in so far as it relates to the balances and affairs of such subsidiaries located outside India, is based on the reports of other auditors. According to the information and explanations given to us by the management, the interim financial statements/information of these three subsidiaries are not material to the Group. Our conclusion on the statement is not modified in respect of the above matter.

&nbsp;&nbsp;&nbsp;&nbsp;9. The
 Statement also includes the Group's share of net profit after tax of Rs.169.28 crore and
 Rs.620.46 crore for the quarter and nine months ended 31 December 2022, respectively, as
 considered in the Statement, in respect of an associate, whose interim financial information/financial
 result have not been reviewed by us. This interim financial statements / information have
 been audited/reviewed by other auditors whose reports have been furnished to us by the Management
 and our conclusion on the Statement, in so far as it relates to the amounts and disclosures
 included in respect of this associate, is based solely on the reports of the other auditors
 and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the
 Statement is not modified in respect of the above matter.

&nbsp;&nbsp;&nbsp;&nbsp;10. The
 Statement includes the interim financial statements / information of eight subsidiaries which
 have not been reviewed/audited by their auditors, whose interim financial statements / financial
 results reflect total assets of Rs.452.11 crore (before consolidation adjustments) as at
 31 December 2022, total revenues of Rs.87.69 crore and Rs.103.94 crore (before consolidation
 adjustments) and total net profit after tax of Rs.5.22 crore and Rs.5.26 crore (before consolidation
 adjustments) for the quarter and nine months ended 31 December 2022 respectively as considered
 in the Statement. The Statement also includes the Group's share of net profit after tax of
 Rs.60.16 crore and Rs.126.76 crore for the quarter and nine months ended 31 December 2022
 respectively, as considered in the Statement, in respect of seven associates based on their
 interim financial statements / financial results which have not been reviewed/audited by
 their auditors. According to the information and explanations given to us by the Management,
 these interim financial statements / financial results are not material to the Group. Our
 conclusion on the Statement is not modified in respect of the above matter.

---

| | |
|:---|:---|
| **For M S K A & Associates** | **For KKC & Associates LLP** |
| Chartered Accountants | Chartered Accountants |
|  | (formerly Khimji Kunverji & Co LLP) |
| ICAI Firm Registration No. 105047W | ICAI Firm Registration No. 105146W/W100621 |
| **Tushar Kurani** | **Gautam Shah** |
| Partner | Partner |
| ICAI Membership No.: 118580 | ICAI Membership No.: 117348 |
| UDIN: 23118580BGXROI1695 | UDIN: 23117348BGSZGP2659 |
| Place: Mumbai | Place: Mumbai |
| Date: 21 January 2023 | Date: 21 January 2023 |

---

---

| | |
|:---|:---|
| **M S K A & Associates** | **KKC & Associates LLP** |
| **Chartered Accountants** | **Chartered Accountants** |
|  | (formerly Khimji Kunverji & Co LLP) |

---

**Annexure 1** 

List of entities included in the Statement.

**Parent Bank**

&nbsp;&nbsp;&nbsp;&nbsp;1. ICICI Bank
 Limited

**Subsidiaries**

&nbsp;&nbsp;&nbsp;&nbsp;2. ICICI Bank
 Canada

&nbsp;&nbsp;&nbsp;&nbsp;3. ICICI Bank
 UK PLC

&nbsp;&nbsp;&nbsp;&nbsp;4. ICICI International
 Limited

&nbsp;&nbsp;&nbsp;&nbsp;5. ICICI Prudential
 Life Insurance Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;6. ICICI Prudential
 Pension Funds Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;7. ICICI Securities
 Primary Dealership Limited

&nbsp;&nbsp;&nbsp;&nbsp;8. ICICI Home
 Finance Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;9. ICICI Investment
 Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;10. ICICI Securities
 Limited

&nbsp;&nbsp;&nbsp;&nbsp;11. ICICI Securities
 Holdings Inc.

&nbsp;&nbsp;&nbsp;&nbsp;12. ICICI Securities
 Inc.

&nbsp;&nbsp;&nbsp;&nbsp;13. ICICI Venture
 Funds Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;14. ICICI Trusteeship
 Services Limited

&nbsp;&nbsp;&nbsp;&nbsp;15. ICICI Prudential
 Asset Management Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;16. ICICI Prudential
 Trust Limited

&nbsp;&nbsp;&nbsp;&nbsp;17. ICICI Strategic
 Investments Limited

**Associates**

&nbsp;&nbsp;&nbsp;&nbsp;18. ICICI Lombard
 General Insurance Company Limited

&nbsp;&nbsp;&nbsp;&nbsp;19. I-Process
 Services (India) Private Limited

&nbsp;&nbsp;&nbsp;&nbsp;20. NIIT Institute
 of Finance Banking and Insurance Trading Limited

&nbsp;&nbsp;&nbsp;&nbsp;21. ICICI Merchant
 Services Private Limited

&nbsp;&nbsp;&nbsp;&nbsp;22. Arteria Technologies
 Private Limited

&nbsp;&nbsp;&nbsp;&nbsp;23. India Infradebt
 Limited

&nbsp;&nbsp;&nbsp;&nbsp;24. India Advantage
 Fund III

&nbsp;&nbsp;&nbsp;&nbsp;25. India Advantage
 Fund IV

---

| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

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| | |
|:---|:---|
| **News Release** | **January 21, 2023** |

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Performance Review: Quarter ended December 31, 2022

• Core
 operating profit (profit before provisions and tax, excluding treasury income) grew by 31.6%
 year-on-year to ₹ 13,235 crore (US$1.6 billion) in the quarter ended December 31,
 2022 (Q3-2023)

• Profit
 after tax grew by 34.2% year-on-year to ₹ 8,312 crore (US$1.0 billion) in Q3-2023

• Total
 period-end deposits grew by 10.3% year-on-year to ₹ 11,22,049 crore (US$135.6 billion)
 at December 31, 2022

&nbsp;&nbsp;&nbsp;&nbsp;• Average
 current account and savings account (CASA) ratio was 44.6% in Q3-2023

• Overall
 loan portfolio grew by 19.7% year-on-year

&nbsp;&nbsp;&nbsp;&nbsp;• Domestic
 loan portfolio grew by 21.4% year-on-year

• Net
 NPA ratio declined to 0.55% at December 31, 2022 from 0.61% at September 30, 2022

• Provisioning
 coverage ratio on non-performing assets was 82.0% at December 31, 2022

• Including
 profits for the nine months ended December 31, 2022 (9M-2023), total capital adequacy ratio
 was 18.33% and Tier-1 capital adequacy ratio was 17.58%, on a standalone basis, at December
 31, 2022

The Board of Directors of ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) at its meeting held at Mumbai today, approved the standalone and consolidated accounts of the Bank for the quarter ended December 31, 2022 (Q3-2023). The statutory auditors have conducted a limited review and have issued an unmodified report on the standalone and consolidated financial statements for the quarter ended December 31, 2022.

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| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

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Profit & loss account

• The
 core operating profit (profit before provisions and tax, excluding treasury income) increased
 by 31.6% year-on-year to ₹ 13,235 crore (US$1.6 billion) in Q3-2023 from ₹ 10,060 crore
 (US$1.2 billion) in the quarter ended December 31, 2021 (Q3-2022)

• Net
 interest income (NII) increased by 34.6% year-on-year to ₹ 16,465 crore (US$2.0 billion)
 in Q3-2023 from ₹ 12,236 crore (US$1.5 billion) in Q3-2022

• The
 net interest margin was 4.65% in Q3-2023 compared to 3.96% in Q3-2022 and 4.31% in the quarter
 ended September 30, 2022 (Q2-2023). The net interest margin was 4.33% in 9M-2023

• Non-interest
 income, excluding treasury income, increased by 1.8% year-on-year to ₹ 4,987 crore (US$603
 million) in Q3-2023 from ₹ 4,899 crore (US$592 million) in Q3-2022

• Fee
 income grew by 3.7% year-on-year to ₹ 4,448 crore (US$538 million) in Q3-2023 from ₹ 4,291
 crore (US$519 million) in Q3-2022. Fees from retail, rural, business banking and SME customers
 constituted about 78% of total fees in Q3-2023

• There
 was a treasury gain of ₹ 36 crore (US$4 million) in Q3-2023 compared to ₹ 88 crore (US$
 11 million) in Q3-2022

• Provisions
 (excluding provision for tax) increased by 12.5% year-on-year to ₹ 2,257 crore (US$273 million)
 in Q3-2023 from ₹ 2,007 crore (US$243 million) in Q3-2022. During the quarter, the Bank
 has changed its provisioning norms on non-performing assets to make them more conservative.
 This change resulted in higher provisions amounting to ₹ 1,196 crore in Q3-2023. Provisions
 for Q3-2023 also include contingency provision of ₹ 1,500 crore (US$181 million) made on
 a prudent basis.

• The
 profit before tax grew by 35.3% year-on-year to ₹ 11,014 crore (US$1.3 billion) in Q3-2023
 from ₹ 8,141 crore (US$984 million) in Q3-2022

• On
 a standalone basis, the profit after tax grew by 34.2% year-on-year to ₹ 8,312 crore (US$
 1.0 billion) in Q3-2023 from ₹ 6,194 crore (US$749 million) in Q3-2022

• On
 a standalone basis, the profit after tax grew by 39.5% year-on-year to ₹ 22,775 crore (US$
 2.8 billion) in 9M-2023 from ₹ 16,321 crore (US$2.0 billion) in 9M-2022

---

| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

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**Growth in digital and payments platforms**

There have been around 86 lakh activations from non-ICICI Bank account holders on our mobile banking app, iMobile Pay as of end-December 2022. The value of transactions by non-ICICI Bank account holders on iMobile Pay during Q3-2023 was 2.3 times the value of transactions in Q3-2022.

The business banking and SME franchise continues to grow on the back of digital offerings and platforms like InstaBIZ along with the Bank's extensive branch network. The value of financial transactions on InstaBIZ grew by about 29.2% year-on-year in Q3-2023. There have been about 215,000 registrations from non-ICICI Bank account holders on InstaBIZ till December 31, 2022.

The value of the Bank's merchant acquiring transactions through UPI grew by 10.6% sequentially and 78.0% year-on-year in Q3-2023. The Bank had a market share of 30.6% by value in electronic toll collections through FASTag in Q3-2023, with a 22.2% year-on-year growth in collections.

The Bank has created more than 20 industry specific STACKs which provide bespoke and purpose-based digital solutions to corporate clients and their ecosystems. The Bank's Trade Online and Trade Emerge platforms allow customers to perform most of their trade finance and foreign exchange transactions digitally. About 71.2% of trade transactions were done digitally in Q3 of this year. The value of transactions done through these platforms increased by 59.3% year-on-year in Q3 of this year.

The Bank has launched a STACK for real estate sector to offer digital and phygital banking solutions on one platform for builders, Real Estate Investment Trusts (REITs) and Alternate Investment Funds (AIFs) covering the entire lifecycle from construction to leasing and selling the property as well as services for their customers, employees and vendors.

The Bank has also launched comprehensive digital solutions, value-added services and Trade APIs for exporters covering the entire export life cycle including discovery of export markets, export finance - Insta EPC, foreign exchange services and export incentives.

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| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

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**Credit growth**

The retail loan portfolio grew by 23.4% year-on-year and 4.5% sequentially, and comprised 54.3% of the total loan portfolio at December 31, 2022. Including non-fund outstanding, the retail portfolio was 44.9% of the total portfolio at December 31, 2022. The business banking portfolio grew by 37.9% year-on-year and 5.2% sequentially at December 31, 2022. The SME business, comprising borrowers with a turnover of less than ₹ 250 crore (US$30 million), grew by 25.0% year-on-year and 8.3% sequentially at December 31, 2022. The domestic corporate portfolio grew by 18.2% year-on-year and 4.7% sequentially at December 31, 2022. The rural portfolio grew by 12.5% year-on-year and 3.8% sequentially at December 31, 2022. The domestic advances grew by 21.4% year-on-year and 4.2% sequentially at December 31, 2022. Total advances increased by 19.7% year-on-year and 3.8% sequentially to ₹ 974,047 crore (US$117.8 billion) at December 31, 2022.

**Deposit growth**

Total period-end deposits increased by 10.3% year-on-year to ₹ 11,22,049 crore (US$135.6 billion) at December 31, 2022. Period-end term deposits increased by 14.2% year-on-year to ₹ 6,13,208 crore (US$74.1 billion) at December 31, 2022. Average current account and savings account deposits increased by 10.4% year-on-year in Q3-2023.

The Bank opened about 300 branches in 9M-2023 and had a network of 5,718 branches and 13,186 ATMs at December 31, 2022.

**Asset quality**

The gross NPA ratio declined to 3.07% at December 31, 2022 from 3.19% at September 30, 2022 and 4.13% at December 31, 2021. The net NPA ratio declined to 0.55% at December 31, 2022 from 0.61% at September 30, 2022 and 0.85% at December 31, 2021. During Q3-2023, there were net additions of ₹ 1,119 crore (US$135 million) to gross NPAs compared to ₹ 605 crore (US$73 million) in Q2-2023. The gross NPA additions were ₹ 5,723 crore (US$692 million) in Q3-2023 compared to ₹ 4,366 crore (US$528 million) in Q2-2023. Recoveries and upgrades of NPAs, excluding write-offs and sale, were ₹ 4,604 crore (US$557 million) in Q3-2023 compared to ₹ 3,761 crore (US$455 million) in Q2-2023. The gross NPAs written-off in Q3-2023 were ₹ 1,162 crore (US$140 million). The provisioning coverage ratio on NPAs was 82.0% at December 31, 2022.

Excluding NPAs, the total fund based outstanding to all borrowers under resolution as per the various extant regulations/guidelines declined to ₹ 4,987 crore (US$603 million) or 0.5% of total advances at December 31, 2022 from ₹ 6,713 crore (US$811 million) at September 30, 2022. The Bank holds provisions amounting to ₹ 1,529 crore (US$185 million) against these borrowers under resolution, as of December 31, 2022.

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| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

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In addition, the Bank held contingency provisions of ₹ 11,500 crore (US$1.4 billion) at December 31, 2022. The loan and non-fund based outstanding to performing borrowers rated BB and below reduced to ₹ 5,581 crore (US$675 million) at December 31, 2022 from ₹ 7,638 crore (US$923 million) at September 30, 2022.

**Capital adequacy**

Including profits for the nine months ended (9M-2023), the Bank's total capital adequacy ratio at December 31, 2022 was 18.33% and Tier-1 capital adequacy was 17.58% compared to the minimum regulatory requirements of 11.70% and 9.70% respectively.

Consolidated results

The consolidated profit after tax increased by 34.5% year-on-year to ₹ 8,792 crore (US$1.1 billion) in Q3-2023 from ₹ 6,536 crore (US$790 million) in Q3-2022.

Consolidated assets grew by 12.1% year-on-year to ₹ 1,887,209 crore (US$228.1 billion) at December 31, 2022 from ₹ 1,682,904 crore (US$203.4 billion) at December 31, 2021.

Key subsidiaries and associates

Value of New Business (VNB) of ICICI Prudential Life Insurance (ICICI Life) increased by 23.2% year-on-year to ₹ 1,710 crore (US$207 million) in 9M-2023. The VNB margin increased from 28.0% in FY2022 to 32% in 9M-2023. The annualised premium equivalent increased by 4.2% year-on-year to ₹ 5,341 crore (US$646 million) in 9M-2023. The profit after tax was ₹ 221 crore (US$27 million) in Q3-2023 compared to ₹ 311 crore (US$38 million) in Q3-2022.

The Gross Direct Premium Income (GDPI) of ICICI Lombard General Insurance Company (ICICI General) grew by 20.6% year-on-year to ₹ 16,048 crore (US$1.9 billion) in 9M-2023 from ₹ 13,311 crore (US$1.6 billion) in 9M-2022. The combined ratio was 104.6% in 9M-2023 compared to 111.0% in 9M-2022. The profit after tax of ICICI General grew by 11.0% to ₹ 353 crore (US$43 million) in Q3-2023 from ₹318 crore (US$38 million) in Q3-2022.

The profit after tax of ICICI Prudential Asset Management Company, as per Ind AS, grew by 25.7% year-on-year to ₹ 420 crore (US$51 million) in Q3-2023 from ₹ 334 crore (US$40 million) in Q3-2022.

The profit after tax of ICICI Securities, on a consolidated basis, as per Ind AS, was ₹ 281 crore (US$34 million) in Q3-2023 compared to ₹ 380 crore (US$46 million) in Q3-2022.

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| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

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Summary Profit and Loss Statement (as per standalone Indian GAAP accounts)

*(₹ in crore)*

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | FY2022 | Q3-2022 | 9M-2022 | Q2-2023 | Q3-2023 | 9M-2023 |
| | Audited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited |
| Net interest income | 47466 | 12236 | 34862 | 14787 | 16465 | 44462 |
| Non-interest income | 17614 | 4899 | 13005 | 5139 | 4987 | 14755 |
| - Fee income | 15687 | 4291 | 11321 | 4480 | 4448 | 13171 |
| - Dividend income from subsidiaries/associates | 1829 | 603 | 1596 | 648 | 516 | 1511 |
| - Other income | 98 | 5 | 88 | 11 | 23 | 73 |
| Less: |  |  |  |  |  |  |
| Operating expense | 26733 | 7075 | 19684 | 8161 | 8217 | 23945 |
| **Core operating profit<sup>1</sup>** | **38347** | **10060** | **28183** | **11765** | **13235** | **35272** |
| - Treasury income | 903 | 88 | 774 | (85) | 36 | (12) |
| Operating profit | 39250 | 10148 | 28957 | 11680 | 13271 | 35260 |
| Less: |  |  |  |  |  |  |
| Total net provision | 8641 | 2007 | 7572 | 1644 | 2257 | 5045 |
| - Impact of change in provisioning norms | 1127 | - | 1127 | - | 1196 | 1196 |
| - Contingency provisions<sup>2</sup> | (25) | - | (1050) | 1500 | 1500 | 4050 |
| - Other provisions | 7539 | 2007 | 7495 | 144 | (439) | (201) |
| Profit before tax | 30609 | 8141 | 21385 | 10036 | 11014 | 30215 |
| Less: |  |  |  |  |  |  |
| Provision for taxes | 7270 | 1947 | 5064 | 2478 | 2702 | 7440 |
| Profit after tax | 23339 | 6194 | 16321 | 7558 | 8312 | 22775 |

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&nbsp;&nbsp;&nbsp;&nbsp;1. Excluding
 treasury income

&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Bank has made an additional contingency provision of ₹ 1,050 crore (US$133 million) Q1-2023,
 ₹ 1,500 crore (US$184 million) in Q2-2023, and ₹ 1,500 crore (US$181 million) in Q3-2023
 (9M-2023: ₹ 4,050 crore (US$490 million)) on a prudent basis. Accordingly, the Bank holds
 contingency provision of ₹ 11,500 crore (US$1.4 billion) at December 31, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;3. Prior
 period numbers have been re-arranged wherever necessary

---

| |
|:---|
| **<br>ICICI Bank Limited**  |
| **ICICI Bank Towers** |
| **Bandra Kurla Complex** |
| **Mumbai 400 051** |

---

Summary balance sheet

*(₹ in crore)*

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| | | | | |
|:---|:---|:---|:---|:---|
| | 31-Dec-21 | 31-Mar-22 | 30-Sep-22 | 31-Dec-22 |
| | Unaudited | Audited | Unaudited | Unaudited |
| Capital and liabilities |  |  |  |  |
| Capital | 1389 | 1390 | 1394 | 1396 |
| Employee stock options outstanding | 197 | 266 | 510 | 635 |
| Reserves and surplus | 161483 | 168856 | 180603 | 189238 |
| Deposits | 1017467 | 1064572 | 1090008 | 1122049 |
| Borrowings (includes subordinated debt) | 109585 | 107231 | 129934 | 130550 |
| Other liabilities | 64075 | 68983 | 86225 | 77880 |
| Total capital and liabilities | 1354196 | 1411298 | 1488674 | 1521748 |
| Assets |  |  |  |  |
| Cash and balances with Reserve Bank of India | 141580 | 109523 | 67095 | *62281* |
| Balances with banks and money at call and short notice | 39329 | 58300 | 57818 | *60190* |
| Investments | 284823 | 310241 | 333031 | 337050 |
| Advances | 813992 | 859020 | 938563 | 974047 |
| Fixed assets | 9156 | 9374 | 9510 | 9575 |
| Other assets | 65316 | 64840 | 82657 | 78605 |
| Total assets | 1354196 | 1411298 | 1488674 | 1521748 |

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&nbsp;&nbsp;&nbsp;&nbsp;1. Prior
 period figures have been re-grouped/re-arranged wherever necessary

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 at normal levels after the pandemic, 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.

This release does not constitute an offer of securities.

For further press queries please email Sujit Ganguli / Kausik Datta at <u>sujit.ganguli@icicibank.com</u> / <u>datta.kausik@icicibank.com</u> or <u>corporate.communications@icicibank.com</u>

For investor queries please email Abhinek Bhargava at <u>abhinek.bhargava@icicibank.com</u> or Nitesh Kalantri <u>nitesh.kalantri@icicibank.com</u> or <u>ir@icicibank.com</u>.

1 crore = 10.0 million

US$ amounts represent convenience translations at US$1= ₹ 82.73

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **For ICICI Bank Limited** | **For ICICI Bank Limited** | **For ICICI Bank Limited** |
| Date: | January 21, 2023 | By: | /s/ Vivek Ranjan | /s/ Vivek Ranjan |
|  |  |  | Name : | Vivek Ranjan |
|  |  |  | Title : | Chief Manager |

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