ICICI Bank Limited has filed its Annual Report in Form 20-F with the United States Securities and Exchange Commission (SEC) for the financial year ended March 31, 2026 (FY2026). The filing was made on July 20, 2026, as required by United States securities laws and regulations due to the Bank's issuance and listing of securities in the United States.
The Form 20-F annual report includes the Bank's consolidated financial statements prepared under Indian GAAP along with a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders' equity respectively, under U.S. GAAP. This reconciliation was approved by the Audit Committee of the Board.
Key financial figures disclosed in the filing:
- Consolidated net income under U.S. GAAP: Rs. 56,037 crore (US$ 5,972 million)
- Consolidated profit after tax under Indian GAAP: Rs. 54,208 crore (US$ 5,777 million)
- Stockholders' equity as per U.S. GAAP: Rs. 409,093 crore (US$ 43.6 billion)
- Consolidated net worth as per Indian GAAP: Rs. 363,060 crore (US$ 38.7 billion)
The document notes that there are differences in the basis of accounting between U.S. GAAP and Indian GAAP, primarily relating to:
- Allowance for loan losses
- Business combinations
- Consolidation
- Valuation of securities and derivatives
- Amortization of fees and costs
- Securitization
- Income taxes
- Fixed assets
The detailed reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders' equity under U.S. GAAP is explained in Note 21 of the consolidated financial statements of the Bank in Form 20-F.
Copies of the Form 20-F are available from the SEC website (www.sec.gov) or on ICICI Bank's website at the "About Us/Annual reports" page. Shareholders may obtain a copy of the complete audited financial statements free of charge by writing to the Company Secretary at ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 or sending an email to companysecretary@icici.bank.in, providing details of their shareholding and mailing address.
The document includes exchange rate information: 1 crore = 10 million, and US$ amounts represent convenience translations at US$1 = Rs. 93.83.
Contact information for further queries:
- Press queries: Sujit Ganguli / Kausik Datta at specified email addresses
- Investor queries: Abhinek Bhargava / Nitesh Kalantri at specified email addresses
The letter was also copied to multiple international exchanges: New York Stock Exchange, Singapore Stock Exchange, Japan Securities Dealers Association, and SIX Swiss Exchange Ltd.