ICICI Bank: credit ratings affirmed as employee shares allotted

ICICI Bank has allotted 714,457 equity shares, each with a face value of INR 2, under its Employees Stock Option Scheme-2000. This allotment, approved by two executive directors, follows a board of directors meeting on October 21, 2023.

Concurrently, Moody's Ratings reaffirmed ICICI Bank Limited's Baa3 long-term deposit ratings and its baa3 Baseline Credit Assessment and Adjusted BCA, maintaining a stable outlook. This affirmation reflects Moody's expectation of the bank's diversified loan portfolio, above-industry-average profitability, strong solvency, and robust funding and liquidity supported by its retail franchise and low-cost deposits.

ICICI Bank's consolidated assets were reported as INR 26.9 trillion as of September 30, 2025. The reaffirmation by Moody's Ratings extends to various counterparty risk assessments, bank deposits, and medium-term note programs for ICICI Bank Limited and its Dubai, Hong Kong, New York, and Singapore branches.