ICICI Bank Stock: Angel One Shagun Ke Shares 2026 Report (Part 2 of 8)

ICICI Bank is one of India's largest private-sector banks, with a diversified presence across retail, business and corporate banking. Its nationwide branch network and varied loan portfolio support its operations across customer segments. 

As part of its Shagun ke Shares Diwali Picks Report 2026, ICICI Bank is one of the eigth fundamental stock picks. 

ICICI Bank - Investment Rationale

ICICI Bank is India's second-largest private-sector bank, with a market capitalisation of about ₹10 lakh crore and a pan-India retail, SME and corporate franchise.  

In Q2 FY27, standalone PAT rose 20.1% YoY to ₹14,843 crore, NII grew 17.7% to ₹25,339 crore and core operating profit rose 21.8% to ₹20,805 crore. 

Asset quality keeps improving, gross NPA fell to 1.20% (1.58% a year ago) and net NPA to 0.30%, while Q2 provisions declined 6.9% to ₹851 crore. Deposits grew 27.1% YoY and consolidated ROE was 16.9% in the quarter. 

NIM eased to 4.18% from 4.36% in Q1 as new deposits came in at higher cost. Management expects some further moderation in Q3 FY27 and a recovery from Q4 FY27; the RBI's 7 October repo-rate hike to 5.50% should help loans reprice. 

Financial Performance of ICICI Bank 

Source: Angel One Diwali Pick Report 2026 

ICICI Bank Share Price Performance 

As of October 30, 2026, ICICI Bank share price closed at ₹1,394 each on the BSE, registering a 0.60% rise compared to its previous closing price. 

Over the past year, ICICI Bank shares have delivered returns of around 2.5%, compared with a decline of approximately 6% in the BSE Bankex Index. 

Business Overview: ICICI Bank 

ICICI Bank is one of India's largest private-sector banks. The bank operates across multiple segments, including retail banking, business banking, corporate banking, treasury operations, investment banking, insurance, asset management, and digital financial services.  

The bank has built a strong nationwide presence with 7,656 branches and more than 12,000 ATMs and cash recycler machines, enabling it to serve customers across urban and rural India.

Its diversified loan portfolio spans home loans, vehicle loans, personal loans, credit cards, SME financing and corporate lending, helping reduce concentration risk and support stable growth.

Stay tuned as we cover the remaining seven stocks in Angel One’s Shagun Ke Shares Diwali Picks Report 2026 series, with one stock and its investment rationale featured every day until November 7, 2026.

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