Moody's Reaffirms ICICI Bank's Baa3 Deposit Ratings; Outlook Stable
Moody's reaffirms ICICI Bank's Baa3 long-term deposit ratings with a stable outlook, reflecting confidence in the bank's diversified loan portfolio, profitability, and strong solvency as of December 02, 2025.
The reaffirmation of credit ratings by Moody's is likely to have a moderate impact on the bank's reputation and investor confidence.
The reaffirmation of the credit ratings and stable outlook indicates a positive assessment of the bank's financial health and stability.
* Moody's Ratings has reaffirmed ICICI Bank's Baa3 long-term deposit ratings and the bank's baa3 Baseline Credit Assessment (BCA) and Adjusted BCA on December 02, 2025. * The outlook on the ratings remains stable. * The affirmation reflects the expectation that the bank's diversified loan portfolio and above-industry-average profitability will support internal capital generation and its strong solvency. * ICICI's strong retail franchise, access to low-cost deposits, and sufficient holdings of liquid government securities will support its funding and liquidity. * The return on assets for the six months ended September 2025 was 2%, compared with the industry average of 1.4% for fiscal 2025. * ICICI's gross nonperforming loan (NPL) ratio as of the end of September 2025 was 1.6%, compared with the industry average of 2.3% as of the end of March 2025. * ICICI's consolidated Common Equity Tier 1 ratio as of the end of September 2025 was 16.1%. * An upgrade to ICICI's deposit ratings and BCA is unlikely because they are at the same level as India's sovereign rating. * ICICI Bank Limited is headquartered in Mumbai and reported consolidated assets of ₹26.9 trillion as of 30 September 2025.
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