ICICI Bank Files Semi-Annual Report with Kanto Local Finance Bureau, Japan
ICICI Bank files mandatory SAR in Japan, reporting ₹26,915 Cr net profit and updates on ADS voting rights and RBI compliance.
TOKYO / MUMBAI: ICICI Bank Limited, one of India’s leading private sector banks, has filed its Semi-Annual Report (SAR) for the period from April 1, 2025 to September 30, 2025 with the Director of the Kanto Local Finance Bureau in Japan. The filing was made in accordance with the Financial Instruments and Exchange Law of Japan and provides a comprehensive update on the bank’s financial performance and regulatory developments.
During the first half of fiscal year 2026, ICICI Bank delivered strong financial results supported by growth in interest income and diversified business operations. The bank recorded total income of ₹1,50,723 crore and a consolidated net profit of ₹26,915 crore for the six-month period ended September 30, 2025. The consolidated asset base of the group stood at ₹26.86 lakh crore, reflecting continued balance sheet expansion.
The report also highlighted that ICICI Securities Limited became a wholly-owned subsidiary of ICICI Bank on March 24, 2025 following the implementation of a Scheme of Arrangement. This corporate restructuring impacts year-on-year financial comparability.
A key governance development disclosed in the report relates to American Depositary Shares (ADS). ICICI Bank has received approval from the Reserve Bank of India to amend its Deposit Agreement, enabling ADS holders to exercise voting rights through the Depositary. However, shareholders must demonstrate compliance with Section 12B of the Banking Regulation Act, 1949. Until the required amendment to Form F-6 is formally filed with the U.S. Securities and Exchange Commission, ADS holders will continue to have no voting rights.
The bank also outlined significant regulatory changes introduced by the Reserve Bank of India. On December 5, 2025, the RBI amended its Master Directions to introduce the "One Business, One Entity" principle. Under this framework, each type of business within a banking group is expected to be carried out by only one entity. Banks must submit their compliance status to the RBI by March 31, 2026. Exceptions are permitted only with strong board-approved justification based on business specialization or segmentation.
ICICI Bank’s diversified business model continued to support earnings stability during the period. For the first half of FY26, profit before tax contributions were ₹11,146 crore from Wholesale Banking, ₹11,054 crore from Retail Banking, ₹10,425 crore from Treasury, ₹2,071 crore from General Insurance and ₹692 crore from Life Insurance.