CareEdge reaffirms ICICI Bank ratings, stable outlook

ICICI Bank announced on October 27, 2025, that CareEdge Ratings reaffirmed its credit ratings for various facilities and instruments as of October 24, 2025. Key ratings include 'CARE AAA; Stable' for Infrastructure Bonds (₹56,500.00 crore), Long-Term-Instruments (₹55.49 crore), Lower Tier II Bonds (₹1,479.00 crore), Tier II Bonds (₹10,000.00 crore), and Fixed Deposits (Ongoing). Tier I Bonds received a 'CARE AA+; Stable' rating for ₹4,520.00 crore, while Certificate of Deposit was rated 'CARE A1+' for ₹50,000.00 crore.

The reaffirmation reflects ICICI Bank's status as India's second-largest private sector bank and a Domestic Systemically Important Bank (D-SIB). Its strong market position is underpinned by a diversified franchise and healthy capitalization, with a Capital Adequacy Ratio (CAR) of 17% as of September 30, 2025, well above the minimum regulatory requirement.

The bank's asset quality improved, with Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) declining to 1.67% and 0.39% respectively, as of March 31, 2025. CareEdge Ratings anticipates continued steady growth in advances, deposits, and profitability, while maintaining stable asset quality and capitalization levels, supporting a stable outlook despite potential moderation in Net Interest Margin (NIM) in FY26.