Investors interested in Banks - Foreign stocks are likely familiar with Toronto-Dominion Bank (TD) and ICICI Bank Limited (IBN) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with pos ...

Core Insights - ICICI Bank Ltd.'s net income for Q1 FY2025 was INR127.7 billion ($1.5 billion), reflecting a 15.5% increase year-over-year, driven by growth in net interest income, non-interest income, and loans [1][9] Financial Performance - Net interest income (NII) rose 10.6% year-over-year to INR216.3 billion ($2.5 billion), with a net interest margin of 4.34%, down 2 basis points [2] - Non-interest income increased 13.7% year-over-year to INR72.6 billion ($847 million), while fee income grew 7.5% to INR59 billion ($688 million) [2] - Operating expenses totaled INR113.9 billion ($1.33 billion), up 8.2% year-over-year [3] Loan and Deposit Trends - Total advances as of June 30, 2025, were INR13,641.5 billion ($159.1 billion), up 1.7% sequentially, primarily driven by business banking loans [4] - Total deposits slightly decreased to INR16,085.2 billion ($187.6 billion) on a sequential basis [4] Credit Quality - The net non-performing assets (NPA) ratio improved to 0.41%, down from 0.43% in the prior-year quarter, with recoveries and upgrades of NPAs at INR32.11 billion ($374 million) [5] - There were net additions of INR30.34 billion ($354 million) to gross NPA, with gross NPA additions at INR62.45 billion ($728 million) and write-offs of INR23.59 billion ($275 million) [6] Provisions and Capital Ratios - Provisions (excluding tax) increased 36.2% year-over-year to INR18.1 billion ($212 million), with total contingency provision held at INR131 billion ($1.5 billion) [6] - ICICI Bank's total capital adequacy ratio was 16.97% and Tier-1 capital adequacy was 16.31% as of June 30, 2025, both exceeding minimum requirements [7] Future Outlook - Increased consumer loan demand and growth in NII and non-interest income are expected to support ICICI Bank's financials, though challenges include elevated expenses, decreasing deposits, and weak asset quality amid macroeconomic uncertainties [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number: 001-15002 ICICI Bank Limited (Translation of registrant's name into English) ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20 ...

Financial Data and Key Metrics Changes - Profit before tax, excluding treasury, grew by 11.4% year on year to INR 156.90 billion in Q1 FY '26 [4] - Core operating profit increased by 13.6% year on year to INR 175.05 billion [4] - Profit after tax grew by 15.5% year on year to INR 127.68 billion [4] - Total deposits grew by 12.8% year on year and were flat sequentially [4] - Average current and savings account deposits grew by 8.7% year on year and 3.9% sequentially [5] - Net interest income increased by 10.6% year on year to INR 216.35 billion [17] - Noninterest income, excluding treasury, grew by 13.7% year on year to INR 72.64 billion [19] Business Line Data and Key Metrics Changes - Domestic loan portfolio grew by 12% year on year and 1.5% sequentially [5] - Retail loan portfolio grew by 6.9% year on year and 0.5% sequentially [5] - Business banking portfolio grew by 29.7% year on year and 3.7% sequentially [6] - Corporate portfolio grew by 7.5% year on year but declined by 1.4% sequentially [6] - Mortgage portfolio grew by 10.3% year on year and 1.9% sequentially [9] - Auto loans grew by 2.2% year on year but declined by 0.7% sequentially [9] Market Data and Key Metrics Changes - The net NPA ratio was 0.41% at 06/30/2025 compared to 0.43% at 06/30/2024 [7] - Total provisions during the quarter were INR 18.15 billion, or 10.4% of core operating profit [21] - Capital position remained strong with a CET1 ratio of 16.31% and total capital adequacy ratio of 16.97% [8] Company Strategy and Development Direction - The strategic focus is on growing profit before tax through a customer-centric approach and enhancing delivery capabilities [3] - The company aims to maintain a strong balance sheet, prudent provisioning, and healthy levels of capital while delivering sustainable returns [8] - The business banking segment is expected to grow faster than the overall loan book [52] Management Comments on Operating Environment and Future Outlook - Management noted that global events have impacted sentiment but expect positive effects from monetary easing [34] - The company is focused on improving customer acquisition and becoming the primary banker for retail customers [56] - There is a cautious outlook on unsecured retail growth, with expectations for better performance in personal loans and credit cards [64] Other Important Information - The provisioning coverage ratio on non-performing loans was 75.3% at 06/30/2025 [7] - The combined ratio for ICICI General stood at 102.9% in Q1 FY '26 [25] - The profit after tax of ICICI Life was INR 3.02 billion in Q1 FY '26 compared to INR 2.25 billion in Q1 FY '25 [25] Q&A Session Summary Question: Clarification on margins and growth - Management confirmed that the reported margin for Q4 would have been lower than reported due to the number of days in the quarter [33] - On growth, management indicated that global events have impacted sentiment but expect improvements due to monetary easing [34] Question: Corporate loan mix and business banking performance - The decline in high-rated corporate loans is attributed to demand and pricing factors, with a focus on maintaining a balanced risk-reward profile [49] - Business banking growth is driven by distribution, process, and technology improvements [51] Question: Cost of deposits and unsecured retail growth - The decline in cost of deposits was primarily due to savings account rate cuts and a reduction in wholesale deposits [59] - Management expressed confidence in improving growth in personal loans and credit cards moving forward [64] Question: Asset quality monitoring in business banking - Management stated that the business banking portfolio is closely monitored, with current credit behavior being benign [68]

Financial Data and Key Metrics Changes - Profit before tax, excluding treasury, grew by 11.4% year on year to INR 156.90 billion in Q1 FY '26 [4] - Core operating profit increased by 13.6% year on year to INR 175.05 billion [4] - Profit after tax grew by 15.5% year on year to INR 127.68 billion [4] - Total deposits grew by 12.8% year on year and were flat sequentially [4] - Average current and savings account deposits grew by 8.7% year on year and 3.9% sequentially [5] - Net interest income increased by 10.6% year on year to INR 216.35 billion [17][18] - Noninterest income, excluding treasury, grew by 13.7% year on year to INR 72.64 billion [21] Business Line Data and Key Metrics Changes - Domestic loan portfolio grew by 12% year on year and 1.5% sequentially [5] - Retail loan portfolio grew by 6.9% year on year and 0.5% sequentially [5] - Business banking portfolio grew by 29.7% year on year and 3.7% sequentially [6] - Corporate portfolio grew by 7.5% year on year but declined by 1.4% sequentially [6] - Mortgage portfolio grew by 10.3% year on year and 1.9% sequentially [9] - Auto loans grew by 2.2% year on year but declined by 0.7% sequentially [9] Market Data and Key Metrics Changes - The net NPA ratio was 0.41% at 06/30/2025 compared to 0.43% at 06/30/2024 [7] - The provisioning coverage ratio on non-performing loans was 75.3% at 06/30/2025 [7] - The capital position remained strong with a CET1 ratio of 16.31% and total capital adequacy ratio of 16.97% [8] Company Strategy and Development Direction - The strategic focus is on growing profit before tax through a customer-centric approach and enhancing delivery capabilities [3] - The company aims to maintain a strong balance sheet, prudent provisioning, and healthy levels of capital while delivering sustainable returns [8] - The business banking segment is expected to grow faster than the overall loan book, indicating a focus on this area for future growth [54] Management Comments on Operating Environment and Future Outlook - Management noted that global events have impacted sentiment but expects positive effects from monetary easing [35] - The company is optimistic about growth opportunities and aims to drive risk-calibrated profitable growth [8] - Management indicated that the current credit environment is benign, with negligible credit costs [67] Other Important Information - The total provisions during the quarter were INR 18.15 billion, which is 10.4% of core operating profit [23] - The profit after tax of ICICI Life was INR 3.02 billion in Q1 FY '26 compared to INR 2.25 billion in Q1 FY '25 [26] - The combined ratio for ICICI General stood at 102.9% in Q1 FY '26 compared to 102.3% in Q1 FY '25 [26] Q&A Session Summary Question: Margin assessment and growth outlook - The reported margin for Q4 would have been lower than 4.41% when adjusted for the new method, and growth is expected to stabilize after a quarter [34][35] Question: Corporate loan mix and business banking performance - The decline in high-rated corporate loans is due to demand and pricing factors, while business banking growth is attributed to distribution and technology improvements [51][54] Question: Deposit behavior and competition - The company does not foresee significant changes in competitive scenarios despite rate cuts, focusing on customer acquisition and maintaining market share [56] Question: Unsecured retail growth and asset quality management - The company is optimistic about growth in personal loans and credit cards, with a focus on maintaining asset quality through continuous monitoring [64][67]

Financial Performance - Profit before tax excluding treasury increased by 11.4% year-on-year to ₹ 15,690 crore (US$ 1.8 billion) in Q1-2026[3, 6] - Core operating profit grew by 13.6% year-on-year to ₹ 17,505 crore (US$ 2.0 billion) in Q1-2026[3, 6] - Profit after tax grew by 15.5% year-on-year to ₹ 12,768 crore (US$ 1.5 billion) in Q1-2026[3, 6] - Consolidated profit after tax increased by 15.9% year-on-year to ₹ 13,558 crore (US$ 1.6 billion) in Q1-2026[14] Balance Sheet - Total period-end deposits grew by 12.8% year-on-year to ₹ 16,08,517 crore (US$ 187.6 billion) at June 30, 2025[3, 7] - Domestic loan portfolio grew by 12.0% year-on-year to ₹ 13,31,196 crore (US$ 155.2 billion) at June 30, 2025[3] - Total assets grew by 10.9% year-on-year to ₹ 26,68,636 crore (US$ 311.2 billion) at June 30, 2025 on a consolidated basis[14] Asset Quality - Net NPA ratio was 0.41% at June 30, 2025[3, 9] - Provisioning coverage ratio on non-performing loans was 75.3% at June 30, 2025[3, 9] Capital Adequacy - Total capital adequacy ratio was 16.97% and CET-1 ratio was 16.31% on a standalone basis at June 30, 2025[3, 13] Credit Growth - Net domestic advances grew by 12.0% year-on-year[5] - Retail loan portfolio comprised 52.2% of the total loan portfolio at June 30, 2025[5]

Financial Performance - ICICI Bank's profit exceeded expectations [1] Business Development - The profit beat was driven by substantial growth in business and corporate lending divisions [1]

Core Insights - The latest episode of The MiningNewsWire Podcast features Kimberly Ann, CEO of Lahontan Gold Corp, discussing the company's strategic approach and potential in Nevada's Walker Lane, a prominent mining region [2][4][6] Company Overview - Lahontan Gold Corp is a Canadian mine development and exploration company focused on gold and silver assets in Nevada [2][8] - The company's flagship property, the Santa Fe Mine, has a history of production and significant mineral resources [8] Strategic Focus - Kimberly Ann emphasized a business-first mindset, focusing on profitability and successful outcomes rather than emotional attachment to projects [6] - The Santa Fe Mine has a reported 2 million ounces of gold, with plans to fast-track its development [5][9] Historical Context - The Santa Fe Mine operated from 1988 to 1994, producing 359,202 ounces of gold and 702,067 ounces of silver using open-pit heap leach methods [8] - The mine was closed due to economic factors when gold prices were at $340, leaving substantial resources untapped [5] Resource Estimates - The Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent [8][10] - The resources are reported based on a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources [10] Future Plans - Lahontan Gold Corp plans to advance the Santa Fe Mine project towards production and update its Preliminary Economic Assessment in 2025 [9]

Group 1 - ICICI Bank Limited, a leading Indian private banking group, has shown significant growth across its various business segments, including investment banking, insurance, and asset management [1] - The bank's core banking business has been performing exceptionally well, contributing to its overall positive trajectory [1]

Core Insights - BluSky AI Inc. is developing modular AI data center infrastructure to meet the growing compute demands of artificial intelligence and high-performance computing [2][4] - The company's flagship product, SkyMod data centers, are designed for rapid deployment and energy efficiency, allowing clients to lower costs and complexity [2][3] - BluSky AI aims to fill a significant gap in the AI ecosystem by providing scalable, rapidly deployable compute solutions [4] Company Overview - BluSky AI is headquartered in Salt Lake City, Utah, and focuses on innovative and sustainable infrastructure solutions for the AI sector [6] - The company plans to address the global AI supply shortage with turnkey modular solutions across multiple locations [6] Market Position - North America accounts for over 40% of the $347.6 billion global data center market, with U.S. demand expected to grow at a double-digit rate [4] - BluSky AI's modular, GPU-centric approach positions it well to scale with market demand [4] Strategic Partnership - BluSky AI has selected IBN to lead its corporate communications, leveraging IBN's extensive distribution network to enhance visibility among investors and the public [5][6] - IBN has over 19 years of experience and a large audience, which will help BluSky AI reach a broader market [6]