# ICICI Bank Limited (IBN)

> Source: Nexqual · https://nexqual.com/IBN · data as of 2026-10-23 18:17 UTC · cite as "Nexqual, ICICI Bank Limited (IBN), nexqual.com/IBN" · informational, not investment advice.

**Price:** USD 29.45 (-1.65% today) · US market open, as of October 23, 2026 at 18:17 UTC; quotes may be delayed. Prev close 29.94 · day 29.34–29.7 · 52w 25.08–31.78 · market cap $106B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold IBN (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $3.0M; 3 not under a Rule 10b5-1 plan ($3.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 37.75 (range 36–40).
- Total return with dividends: 1Y -4.7% vs S&P 500 +14.5%; 5Y +44.8% vs S&P 500 +77.2%.
- Next earnings: 2027-01-14, EPS estimate USD 0.45, revenue estimate $323B.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold IBN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | 0.14% | $13.0M | Reduced -0.7% |
| Polen Capital | Polen Capital Management | 0.01% | $1.1M | Reduced -67.7% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-24 | Jha Rakesh | Director | 45,000 | $634K | 27.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-21…2026-04-23 | Jha Rakesh | Director | 135,000 | $2.0M | 58.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-21 | Bakhshi Sandeep | Chief Executive Officer | 24,999 | $374K | 2.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 37.75 (low 36, high 40).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -4.7% | +44.8% |
| S&P 500 (SPY) | +14.5% | +77.2% |
| Per year | -4.7% | +7.7% |
| Volatility (annualized) | 21.5% | 22.6% |
| Max drawdown | -19.7% (Jan 2026→Mar 2026) | -25.9% (May 2025→Mar 2026) |

## Peers (Banks - Regional)
ITUB (Itau Unibanco Banco Holding SA) USD 9.63 +1.42% · HDB (HDFC Bank Limited) USD 22.02 -1.89% · MFG (Mizuho Financial Group, Inc. Sp) USD 9.56 -1.54% · USB (U.S. Bancorp) USD 59.65 -0.62% · PNC (PNC Financial Services Group, I) USD 224.2 -0.59% · LYG (Lloyds Banking Group Plc) USD 5.32 -1.06%

## More
Full page: https://nexqual.com/IBN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in IBN's own 20-F filed 2026-07-20 (https://www.sec.gov/Archives/edgar/data/1103838/000095010326010820/dp249803_20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | India | "and letters of credit, are similar to the products offered to our customers in India." |
| Partner | PRUDENTIAL PLC (PUK) | "partner, Prudential Corporation Holdings Limited (“PCHL”), made an announcement regarding a potential listing of and" |

Other companies that name IBN in their own reports (relationship from IBN's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | PRUDENTIAL PLC (PUK) | 20-F 2026-03-26 | "International Holdings Limited (BOCI) and until December 2025 an asset management joint venture in India with ICICI Bank (see" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.45 | $0.38 | +16.5% | $323.47B | 1 |
| Next quarter (ends 2027-03-31) | $0.45 | $0.41 | +11.9% | $337.95B | 1 |
| Current fiscal year (ends 2027-03-31) | $1.73 | $1.60 | +8.3% | $1.38T | 2 |
| Next fiscal year (ends 2028-03-31) | $2.01 | $1.85 | +8.8% | $1.63T | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-01-15 (includes earnings 2027-01-14): ±9.2%; earnings reaction alone ±7.0%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 23.3% | ±5.4% |
| 2026-12-18 | 56 | 14.9% | ±6.3% |
| 2027-01-15 | 84 | 23.6% | ±9.2% |
| 2027-03-19 | 147 | 19.2% | ±10.2% |
| 2027-06-17 | 237 | 24.5% | ±16.0% |