ICICI Bank is India’s second-largest private sector bank by assets and market capitalization. Headquartered in Mumbai, it offers a comprehensive suite of banking and financial services across retail, corporate, treasury, and digital segments. With over 5,700 branches and a strong presence in semi-urban and rural India, ICICI Bank has consistently delivered robust financial performance, disciplined asset quality, and shareholder-friendly returns. As of January 2026, it remains a core holding for long-term investors seeking growth with stability in the Indian banking sector. This article provides a data-driven outlook on the ICICI Bank share price target 2026–2030, based on verified financials from Screener.in, Finology, and official disclosures.
ICICI Bank: Company Overview
- Founded: 1994
- Managing Director: Shri Sandeep Bakhshi
- NSE Symbol: ICICIBANK
- Business Segments: Retail Banking, Corporate/Wholesale Banking, Treasury, Digital & Transaction Banking
- Market Position: Second-largest private sector bank in India; among top 3 systemically important banks
ICICI Bank maintains a strong balance sheet with a capital adequacy ratio (CAR) of 16.55%, low gross NPAs (~2.3%), and a healthy CASA mix. Its leadership in digital banking, home loans, credit cards, and SME lending provides durable competitive advantages.
ICICI Bank: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹1,420 |
| Market Capitalization | ₹10,14,286.55 Cr |
| No. of Shares Outstanding | 715.22 Cr |
| 52-Week High / Low | ₹1,500 / ₹1,186 |
| P/E Ratio (TTM) | 20.47 |
| P/B Ratio | 3.32 |
| EPS (TTM) | ₹69.28 |
| Book Value (TTM) | ₹427.06 |
| ROE | 18.16% |
| ROCE | 19.02% |
| Dividend Yield | 0.77% |
| Face Value | ₹2 |
| Net Interest Income | ₹81,164.44 Cr |
| Cost-to-Income Ratio | 38.64% |
| Capital Adequacy Ratio (CAR) | 16.55% |
| Profit Growth (YoY) | 15.50% |
| CASA % | 41.84% |
ICICI Bank Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹1,480 – ₹1,620 |
| 2027 | ₹1,580 – ₹1,750 |
| 2028 | ₹1,680 – ₹1,890 |
| 2029 | ₹1,780 – ₹2,040 |
| 2030 | ₹1,880 – ₹2,200 |
ICICI Bank Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹1,480 | ₹1,620 |
ICICI Bank reported 15.50% YoY profit growth in FY2025, supported by strong loan growth, stable asset quality, and improving operational efficiency. Trading at a P/E of 20.47 and P/B of 3.32—with ROE of 18.16%—the stock is fairly valued relative to peers like HDFC Bank. A 2026 target range of ₹1,480–₹1,620 assumes continued credit expansion and margin stability.
ICICI Bank Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹1,580 | ₹1,750 |
The bank’s cost-to-income ratio (38.64%) is among the best in the private banking sector, supporting margin resilience. With consistent dividend payouts (~15–16% historically) and a strong retail franchise, investor confidence remains high. Assuming EPS grows to ₹74–₹78 by FY27 and P/E stabilizes at 20.5–21x, the 2027 target range of ₹1,580–₹1,750 is justified.
ICICI Bank Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹1,680 | ₹1,890 |
By 2028, benefits from digital adoption, cross-selling, and semi-urban penetration should reflect in sustained earnings growth. With ROCE of 19.02%—higher than ROE—the bank efficiently deploys capital. A P/E of 21–22x on projected EPS of ₹78–₹83 supports the ₹1,680–₹1,890 band.
ICICI Bank Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹1,780 | ₹2,040 |
Long-term tailwinds include rising credit penetration, digital banking adoption, and India’s economic growth. While competition from HDFC Bank remains intense, ICICI’s agility and tech-first approach offer pricing power. Using a P/E of 21.5–22.5x on FY29 EPS (~₹82–₹88), the 2029 target is ₹1,780–₹2,040.
ICICI Bank Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹1,880 | ₹2,200 |
Over a five-year horizon, ICICI Bank is likely to remain a premium-quality compounder. If ROE holds above 18% and dividend payout stays near 16%, investor confidence will remain strong. A terminal P/E of 22–23x on FY30 EPS (~₹86–₹92) justifies the ₹1,880–₹2,200 range. Upside is supported by structural growth; downside is limited by fortress-like balance sheet.
ICICI Bank: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Foreign Institutional Investors (FII) | 45.55% |
| Domestic Institutional Investors (DII) | 45.28% |
| Public & Others | 9.18% |
| Promoters | 0% |
The absence of promoter holding reflects its widely held public structure. High institutional ownership (90.83% combined) ensures liquidity, analyst coverage, and price stability.
ICICI Bank: Strengths vs Risks
Strengths:
- Industry-leading ROE (18.16%) and ROCE (19.02%)
- Strong capital position (CAR: 16.55%), well above regulatory minimums
- Best-in-class cost-to-income ratio (38.64%) among large private banks
- Dominant market share in credit cards, auto loans, and SME banking
- Robust digital infrastructure with over 90% of transactions digital
Risks:
- Exposure to interest rate cycles and housing market slowdowns
- Contingent liabilities of ₹80.16 lakh Cr require monitoring
- Valuation premium (P/B: 3.32x) leaves little room for earnings disappointment
- Intense competition from HDFC Bank in retail and home loans
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Low to Moderate |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than market average; high liquidity |
| Dividend/Income Potential | Yes (0.77% yield + consistent payouts) |
| Best For | Core portfolio holding for conservative to moderate-risk investors |
FAQs
Is ICICI Bank a good share to buy?
Yes, for long-term investors. At a P/E of 20.47 and ROE of 18.16%, it trades at a reasonable premium to PSU banks but offers superior quality, efficiency, and growth.
Is ICICI a good long-term investment?
Yes. Its strong retail franchise, digital leadership, and consistent profitability make it a reliable compounder over 5–10 years.
When did ICICI Bank’s share split?
ICICI Bank last split its shares in 2018, changing the face value from ₹10 to ₹2 (5:1 split). No further splits have occurred since.
Is ICICI better or HDFC?
ICICI Bank: Higher ROCE (19% vs 13%), lower cost-to-income (38.6% vs 40.5%), more agile in digital innovation
HDFC Bank: Larger scale, stronger brand trust, higher CASA (34.8% vs 41.8%—note: ICICI’s CASA is actually higher), slightly better asset quality
Choose ICICI for efficiency and growth; HDFC for stability and scale.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – ICICI Bank Consolidated Page (FY2025 + TTM)
- Finology Ticker – ICICI Bank Financials & Analysis
- ICICI Bank Investor Presentation (Q3 FY26, Jan 2026)
- BSE India – Annual Report FY2025
- RBI Guidelines on Capital Adequacy and Asset Classification
