ICICI Bank Approves Q1 FY27 Results, Appoints Mrugank Paranjape as Independent Director
ICICI Bank reported Q1 FY27 results with standalone profit after tax at ₹14,804.50 crore and consolidated profit after tax at ₹15,440.06 crore. The board approved the appointment of Mr. Mrugank Paranjape as an Independent Director for a five-year term starting August 1, 2026. The bank also revised its borrowing limit to USD 2.50 billion.
The announcement includes significant financial results and a key board appointment, which directly impacts the company's governance and strategic direction.
The bank reported strong financial results and approved the appointment of a new independent director, indicating positive operational and governance developments.
ICICI Bank Limited announced the outcome of its Board Meeting held on July 18, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. The results indicated a profit after tax of ₹14,804.50 crore on a standalone basis and ₹15,440.06 crore on a consolidated basis for the quarter.
Additionally, the Board approved the appointment of Mr. Mrugank Paranjape as a Non-Executive Independent Director for a term from August 1, 2026, to July 31, 2031, subject to shareholder approval. Consequently, the Notice of the 32nd Annual General Meeting, scheduled for August 21, 2026, was revised to include this resolution.
The Bank also received approval to undertake borrowing by issuing bonds/notes/offshore Certificates of Deposits in overseas markets for a revised limit of up to USD 2.50 billion. The meeting commenced at 9:55 a.m. and concluded at 1:58 p.m.
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