ICICI Bank Share Price Today, 8 December 2025: RBI Rate Cut, ICICI Prudential AMC IPO and Analyst Targets Shape Outlook

Mumbai, 8 December 2025 — ICICI Bank Limited’s stock is trading almost unchanged near record territory on Monday as investors digest a supportive interest-rate decision from the Reserve Bank of India (RBI), a mega IPO from a key subsidiary and fresh regulatory approvals across the ICICI group.

As of late morning on 8 December 2025, ICICI Bank shares are hovering around ₹1,392–1,393 on the NSE, with an intraday range roughly between ₹1,383 and ₹1,395 and a 52‑week band of about ₹1,186–1,500. ^[1]

ICICI Bank share price today: steady near ₹1,392

Live market data from multiple platforms show ICICI Bank trading essentially flat on the day after a strong run into the RBI policy meeting:

Last traded price (NSE/BSE): around ₹1,392–1,393
Day’s range (so far): roughly ₹1,382.8–1,394.9
52‑week range: about ₹1,186 on the downside to near ₹1,500 at the top end ^[2]

Mint’s live tracker pegs the stock up only about 0.07% intraday, with 2025 year‑to‑date gains of roughly 8.6% and a modest 0.3% rise over the last five trading sessions. ^[3]

On a longer horizon, Economic Times’ December 5 liveblog notes that ICICI Bank has delivered around 177% total return over the last five years, underlining how much of the compounding has already happened in this cycle. ^[4]

Valuation snapshot

Across major data providers, ICICI Bank currently trades at:

Price–earnings (trailing): roughly 18–19x
Price–to–book: around 3.1–3.2x
Dividend yield: about 0.8% ^[5]

Moneycontrol, for example, shows a TTM EPS of ~₹74.5, P/E of ~18.7x, P/B of ~3.2x and ROE near 16–16.5%, with a dividend yield around 0.79%. ^[6]

In short: ICICI Bank is valued at a premium to PSU banks and closer to the upper half of large private‑bank valuations, reflecting its strong profitability and asset quality.

Macro backdrop: RBI rate cut and liquidity support favour banks

The big macro story driving Indian financials this week is Friday’s RBI decision:

The Monetary Policy Committee cut the policy repo rate by 25 bps to 5.25%.
The RBI also raised its FY26 GDP growth forecast to 7.3% and announced bond purchases of about ₹1 lakh crore to maintain supportive liquidity. ^[7]

Separately, the RBI is planning a broader liquidity infusion of roughly ₹1.5 lakh crore via bond buybacks and a US$5 billion dollar–rupee swap, with analysts warning that further injections may still be needed in Q4 if forex intervention tightens banking‑system liquidity again. ^[8]

For banks like ICICI Bank, this combination typically has mixed but generally constructive implications:

Positives:
- Lower funding costs over time, supporting loan growth.
- Easier liquidity conditions reduce funding stress and support bond portfolios.
Potential pressure points:
- A lower‑rate environment can compress net interest margins if deposit repricing lags.
- Very strong competition for quality borrowers may cap pricing power.

Markets, after rallying on the RBI decision, are taking a breather. Business media liveblogs show the Sensex and Nifty trading modestly lower on 8 December as investors look ahead to the upcoming US Fed decision, with bank stocks largely moving in line with the index and ICICI Bank oscillating in a narrow band around its previous close. ^[9]

ICICI Bank in the news: ICICI Prudential AMC IPO and pension fund arm buyout

ICICI Prudential AMC IPO: value unlock without ICICI Bank dilution

A key catalyst for ICICI Bank’s “sum‑of‑the‑parts” story this week is the upcoming listing of its asset‑management joint venture.

ICICI Prudential Asset Management Co (ICICI Pru AMC) is launching a mega IPO in mid‑December.
The price band is set at ₹2,061–2,165 per share, implying an issue size of about ₹10,600 crore.
The offer is entirely an offer for sale by Prudential Corp Holding, which will cut its stake from roughly 49% to about 39%, while ICICI Bank retains its 51% holding. ^[10]

Because ICICI Bank is not selling shares in this IPO, there is no direct capital inflow to the bank. However, a successful listing can:

Provide a market‑based valuation benchmark for the AMC, potentially highlighting embedded value in ICICI Bank’s consolidated franchise.
Create optionality for future monetisation or demerger scenarios.
Reinforce ICICI’s positioning in fee‑based businesses like asset management, which are less capital‑intensive than core lending.

RBI approval to fully acquire the pension fund manager

ICICI Bank also reported a structural move in its retirement‑services ecosystem. In a recent Form 6‑K filing, the bank disclosed that the RBI has approved its proposal to acquire 100% of ICICI Prudential Pension Funds Management Company Limited from ICICI Prudential Life, subject to additional approvals from the Pension Fund Regulatory and Development Authority (PFRDA) and others. ^[11]

Once completed, this will make the pension fund manager a wholly owned subsidiary of ICICI Bank, tightening control over its pension products and distribution. Strategically, this aligns with:

Deepening retirement and long‑term savings offerings for retail customers.
Enhancing fee income from investment and retirement products.
Tightening integration between bank distribution, asset management and pension flows.

Regulatory status: ICICI Bank remains a systemically important lender

On the regulatory side, the RBI recently reaffirmed that State Bank of India, HDFC Bank and ICICI Bank will continue to be classified as Domestic Systemically Important Banks (D‑SIBs). ICICI Bank is required to hold an additional capital buffer of 0.20% of risk‑weighted assets due to its systemic importance. ^[12]

This designation means:

ICICI Bank is considered “too big to fail” in the Indian context, reflecting its size, interconnectedness and cross‑border activities.
It must carry slightly higher capital, which constrains leverage but also signals strength and regulatory confidence.
For equity investors, D‑SIB status is often seen as a credit‑positive, equity‑ambiguous tag: very good for depositors and bondholders, modestly dilutive to ROE at the margin, but supportive of long‑term franchise durability.

Q2 FY26 results: resilient earnings and improving asset quality

ICICI Bank’s most recent quarterly results (Q2 FY26, July–September 2025) provide the fundamental anchor for today’s price action.

According to the October 18 earnings release:

Standalone net profit rose about 5.2% year‑on‑year to roughly ₹12,359 crore, beating consensus expectations of low single‑digit growth.
Net interest income (NII) grew 7.4% YoY to about ₹21,530 crore, slightly ahead of street estimates.
Total income climbed to around ₹49,334 crore, with other income also registering a modest increase.
Management highlighted further improvement in asset quality, indicating that credit costs remain contained. ^[13]

On a longer time frame, Moneycontrol’s financial summary for FY21–FY25 shows: ^[14]

Revenue rising from about ₹89,000 crore in FY21 to over ₹1.86 lakh crore in FY25.
Net profit more than doubling from roughly ₹20,400 crore to ₹54,400 crore over the same period.
Return on equity (ROE) improving from about 11.9% to 16.5%, and net interest margin (NIM) trending up from around 3.0% to 3.7%.

This mix — mid‑single‑digit quarterly profit growth on top of a very strong multi‑year expansion — explains why the stock commands a premium multiple even as near‑term earnings momentum has cooled compared to the post‑COVID rebound years.

Market sentiment and technical picture on 8 December 2025

Intraday liveblogs from Economic Times show ICICI Bank: ^[15]

Trading around ₹1,391.8 in the morning, marginally down (≈0.1%) on the day.
Having crossed below its 20‑day simple and exponential moving averages, suggesting a brief consolidation after a strong November move.
Delivering around +5.5% return over the last month, but roughly ‑0.7% over three months, indicating mild short‑term mean reversion.

Moneycontrol’s stock analytics assigns ICICI Bank a “Stock Score” of 71/100, characterising it as a financially strong, high‑growth stock priced at relatively rich valuations. ^[16]

Mint’s dashboard classifies the stock as “Low risk” with a beta just under 1, P/E near 18.7x and P/B around 3.1x, again highlighting that price volatility is close to the overall market but valuation is not in “deep value” territory. ^[17]

Net‑net, the technicals suggest sideways consolidation near the upper end of the 52‑week range, rather than a trend reversal.

Analyst ratings and 12‑month price targets for ICICI Bank

Across brokerage aggregators, the sell‑side consensus on ICICI Bank remains firmly bullish:

IndMoney / S&P Global data:
- 39 analysts cover the stock.
- 94.9% rate it “Buy”, with virtually no “Sell” calls.
- Average 12‑month target:₹1,690.82, implying ~21% upside from around ₹1,393.
- Target range: ₹1,440 (low) to ₹1,910 (high). ^[18]
Trendlyne (11 analysts, 28 reports):
- Average target: about ₹1,641, or roughly 18% upside versus the last price near ₹1,392. ^[19]
TradingView forecast page:
- Aggregated price target of ~₹1,705, with max estimate ₹1,910 and min estimate ₹1,440 — a very similar corridor to the S&P/IndMoney figures. ^[20]
TipRanks (Wall Street coverage of the ADR, but quoting INR targets):
- Average target:₹1,701, with a stated upside of ~22% from a reference price of ₹1,392. ^[21]

When you strip out brand names and platforms, the message is consistent: most major broker compilations cluster ICICI Bank’s fair‑value band between roughly ₹1,640 and ₹1,700, with a bullish skew toward the upper 1,800s–1,900s and a floor near the mid‑1,400s.

Of course, price targets are opinions, not promises. They typically assume:

Stable to improving asset quality.
Continued mid‑teens ROE.
No major regulatory shock.
A reasonably benign credit cycle under the RBI’s new, more accommodative stance.

Any disruption to those assumptions can move the goalposts quickly.

Algorithmic and ADR‑based forecasts: what models are saying

Alongside human analysts, several quantitative platforms publish model‑driven forecasts:

TradersUnion’s ICICI Bank (NSE: ICICIBANK) forecast projects average monthly prices in 2026 mostly in the ₹1,500–1,640 zone, with December 2026 around ₹1,513 and a September peak near ₹1,639 — implying mid‑to‑high‑teens upside from current levels in a base‑case scenario. ^[22]
CoinCodex’s model for the NYSE‑listed ADR (IBN) suggests: ^[23]
- Near‑term move to about $33.2 by early January 2026,
- A 1‑year target around $35.0, or roughly 14% upside,
- And longer‑term projections of roughly $52 by 2030, with even higher levels in more distant horizons.

These algorithmic projections are based on historical price patterns and technical indicators, not bank‑by‑bank fundamental analysis. They should be read as scenario‑style probability guesses, not a substitute for balance‑sheet work.

Is ICICI Bank a good stock to buy now?

From a purely informational standpoint, the bullish case that underpins current analyst optimism looks like this:

ICICI Bank is a leading private‑sector lender with a strong multi‑year track record of revenue and profit growth, rising ROE and improving NIM. ^[24]
The RBI’s rate‑cut and liquidity stance is broadly supportive for credit growth and banking system stability. ^[25]
The bank continues to deepen its fee‑based and annuity businesses, as shown by the ICICI Prudential AMC IPO and the move to fully own the pension fund arm. ^[26]
ICICI remains a D‑SIB, signalling systemic importance and regulatory confidence, and enjoys strong institutional and mutual‑fund ownership. ^[27]

The caution flags are equally real:

The stock trades at a premium valuation versus many domestic peers (especially PSU banks). A lot of good news is already in the price. ^[28]
Earnings growth has moderated from the post‑COVID surge to high‑single or low‑double digit levels, making the stock more sensitive to any negative surprise in margins or credit costs. ^[29]
As a D‑SIB with complex subsidiaries, ICICI Bank is exposed to regulatory risk, including capital and governance expectations that can tighten over time. ^[30]

From a news and research perspective, then, ICICI Bank on 8 December 2025 looks like a high‑quality franchise priced for continued competence rather than perfection: consensus expects mid‑teens upside over 12 months, supported by good fundamentals and a more supportive rate environment, but with valuation leaving limited room for unforced policy or credit mistakes.

Key triggers for ICICI Bank shareholders to watch

Looking beyond today’s almost‑flat price action, the following events and trends are likely to drive ICICI Bank’s stock over the coming quarters:

ICICI Prudential AMC IPO outcome and listing performance — will valuations come at a premium, and does the market re‑rate ICICI group’s fee businesses? ^[31]
Completion of the pension fund arm buyout, PFRDA approvals and any subsequent integration or product‑launch news. ^[32]
Subsequent RBI meetings — further rate moves, liquidity operations and guidance on growth and inflation. ^[33]
Upcoming quarterly results (Q3 and Q4 FY26) — trajectory of NII, margins, fee income and asset quality. ^[34]
Global risk sentiment and Fed policy, which affect both foreign flows into Indian financials and the ADR (IBN) valuation. ^[35]

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