ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174) was back in focus on Dalal Street on 27 November 2025, as the stock traded higher in a record‑setting session for the Indian market and a cluster of fresh regulatory, capital‑raising and technical signals emerged.
ICICI Bank share price today on NSE & BSE
By early afternoon on 27 November 2025, ICICI Bank shares were trading around ₹1,389–1,391 on both the NSE and BSE, up a little over 1% from the previous close of ₹1,375. The Economic Times
Key price and valuation highlights:
- NSE (live quote around 2:20 pm IST) – Price near ₹1,389.8, intraday range ₹1,379.0–₹1,393.3, up ~1.1% day‑on‑day. Equitymaster
- BSE (same time window) – Price around ₹1,390.4, intraday range ₹1,375.45–₹1,393.50. Equitymaster
- Real‑time global feed – Investing.com showed ICICI Bank at ₹1,391.10, with a day’s range of ₹1,375.70–₹1,393.30. Investing
- 52‑week range – Roughly ₹1,186–₹1,500, placing today’s trade closer to the upper end of the band. Investing
- Market capitalisation – About ₹9.9 trillion (₹9.91–9.94 lakh crore), keeping ICICI Bank firmly among India’s most valuable financial institutions. The Economic Times
On a longer horizon, ICICI Bank has delivered approximately 6–7% one‑year returns, with 5‑year CAGR near 24% and 10‑year CAGR just under 19%, underlining its status as a long‑term compounder in the private banking space. Equitymaster
For international investors, the ICICI Bank ADR (NYSE: IBN) last closed at $31.01, up about 1.3% on the previous session, with a 52‑week range of $27.42–$34.57. Investing
Market backdrop: Nifty at record highs, financials lead the rally
The stock’s move came on a day when Indian benchmarks scaled fresh lifetime highs:
- The Nifty50 hit a new record around 26,310.45, driven by strong buying in financials, IT, infrastructure and consumption stocks. The Economic Times
- An ETMarkets update highlighted that HDFC Bank gained ~1.18% and ICICI Bank about 1.1%, placing large private banks among the notable contributors to the index’s climb. The Economic Times
- Multiple reports from ET Now, Rediff and India Today flagged that both Sensex and Nifty have broken out to all‑time highs after about 14 months, underpinned by domestic flows and optimism on India’s growth outlook. ET Now
Against this bullish macro tape, ICICI Bank’s modest but steady uptick fits into a broader theme of financials leading the current leg of the rally.
RBI compounding order: small fine, clear compliance signal
The most concrete stock‑specific news for ICICI Bank today is a compounding order from the Reserve Bank of India (RBI).
In a disclosure to the exchanges dated 26 November 2025 and released today, the bank reported that it has received a compounding order dated 25 November 2025 from the RBI’s Foreign Exchange Department, Ahmedabad. NSE India
What exactly did the RBI order say?
According to the filing:
- RBI has directed ICICI Bank to pay ₹22,73,554 (approximately ₹22.7 lakh) as a compounding amount. NSE India
- The order relates to:
- Delays in filing Form FCGPR and Form FCGPR Part B within prescribed timelines for certain transactions.
- Receipt of funds through ineligible modes of payment in some cases of ESOP allotment to non‑resident investors.
- Delays in filing the Annual Return on Foreign Liabilities and Assets (FLA) for five financial years. NSE India
The bank has explicitly stated that the impact on its financials is limited to this ₹22.73 lakh amount, a rounding error in the context of quarterly profits exceeding ₹12,000 crore. NSE India
How material is the penalty?
To put the fine in perspective:
- In Q2 FY26, ICICI Bank reported standalone net profit of ₹123.59 billion (₹12,359 crore), beating analyst estimates, with provisions for bad loans down 26% year‑on‑year and GNPA improving to 1.58% from 1.67%. Reuters
- The penalty therefore represents a tiny fraction of quarterly earnings — more a governance nudge than a balance‑sheet issue.
However, on the reputational and compliance side, the order underscores how closely RBI is monitoring FEMA reporting, ESOP structures and cross‑border flows. Investors often read such compounding orders as reminders that even high‑quality banks need tight control over regulatory timelines and documentation, especially on foreign capital and employee stock programs.
₹39.45 billion Basel III Tier II bonds: capital structure gets a boost
The second big development for ICICI Bank today is on the capital‑raising front.
According to a Reuters report carried by multiple bond‑market platforms, ICICI Bank has accepted bids worth ₹39.45 billion (about $442 million) for a new issue of Basel III‑compliant Tier II bonds: TradingView
- Tenor: 15 years
- Call option: After 10 years
- Coupon:7.40%
- Issue size:₹39.45 billion
- Indicative domestic ratings:AAA from leading agencies such as CARE and ICRA. TradingView
This follows news yesterday that the bank planned to raise around ₹40 billion via 15‑year Tier II paper and had invited coupon and commitment bids from investors. TradingView
Why this bond issue matters for shareholders
- Strengthens regulatory capital: Tier II instruments count toward total capital adequacy, giving the bank additional buffer above minimum requirements as loan books expand.
- Locks in long‑term funding: A 15‑year maturity with a 10‑year call allows ICICI Bank to lock in funding at today’s rate while preserving flexibility to refinance later if conditions improve.
- Pricing looks reasonable: A 7.40% coupon is competitive for AAA‑rated bank capital paper in the current rate environment, suggesting strong investor appetite and confidence in the bank’s credit profile. TradingView
For equity holders, successful placement of such bonds typically signals balance‑sheet strength and growth readiness, though it does slightly increase interest costs in the short term.
Macquarie investor meet and global shareholder engagement
Alongside the RBI order, ICICI Bank has also notified exchanges of an upcoming in‑person investor meeting:
- The bank will participate in a Macquarie foreign investor trip on 2 December 2025, meeting global investors in a dedicated session. PSU Connect
- In its filing, ICICI Bank has clarified that discussions will be based only on publicly available documents and information, in line with fair‑disclosure norms. PSU Connect
The timing is notable: global brokerage Macquarie has recently turned more optimistic on Indian equities for calendar 2026, citing multiple tailwinds and highlighting financials among key beneficiaries. NDTV Profit
ADR voting rights: another signal to overseas investors
Earlier this month, ICICI Bank also disclosed that RBI has approved an amendment to its ADR Deposit Agreement:
- The amendment allows the Depository to exercise voting rights on deposited shares on behalf of ADR/ADS holders, provided those holders demonstrate compliance with Section 12B of the Banking Regulation Act and related guidelines. SEC
For long‑term foreign investors in IBN ADRs, this aligns ICICI Bank more closely with global governance practices, making its equity slightly more attractive in terms of shareholder rights and engagement.
Technical picture: ICICI Bank flashes bullish RSI and moving‑average signals
On the technical side, ICICI Bank is attracting attention from traders on 27 November 2025.
RSI trending above 50
An ETMarkets “Trend Watch” feature listed ICICI Bank among seven Nifty50 stocks showing a bullish Relative Strength Index (RSI) upswing: The Economic Times
- RSI (14) moved up to about 51.7 from around 45.1.
- The stock’s current market price (CMP) at the time of that scan was ₹1,375, just below where it’s trading now. The Economic Times
In technical terms, RSI crossing above 50 from below is often read as:
- A sign that buying momentum is strengthening, and
- A potential early indication of a short‑term bullish phase, especially when confirmed by price trends.
Moving averages and trading behaviour
A detailed market‑activity note from MarketsMojo on today’s session highlights several additional points: Markets Mojo
- ICICI Bank is currently trading above its 5‑day, 20‑day, 50‑day and 200‑day moving averages, suggesting multi‑timeframe trend support.
- However, it remains below its 100‑day moving average, which could act as an intermediate resistance zone.
- The stock is seeing a relatively narrow intraday trading range (around ₹12–13), pointing to a consolidation phase rather than a high‑volatility breakout.
- Delivery volumes on 26 November were about 22–23% below the five‑day average, hinting at a somewhat cautious stance from longer‑term or institutional players, even as intraday liquidity remains robust. Markets Mojo
Meanwhile, the Economic Times’ stock page notes that a 200‑day moving‑average crossover appeared recently, historically associated with an average gain of around 3.7% within 30 days for ICICI Bank in the past. The Economic Times This doesn’t guarantee future performance, but it adds to the bullish technical undertones around the stock.
Fundamentals: Q2 FY26 results and key ratios
Today’s news is landing on top of solid but not explosive fundamentals from the latest quarterly numbers.
Q2 FY26 performance snapshot
For the quarter ended September 2025 (Q2 FY26), ICICI Bank reported: Reuters
- Standalone net profit:₹123.59 billion (₹12,359 crore), up about 5.2% year‑on‑year, beating LSEG consensus estimates of ₹122.36 billion.
- Net interest income (NII): Up 7.4% YoY to around ₹215.29 billion, supported by ~10% growth in domestic loans, particularly in small and mid‑sized business lending.
- Asset quality:
- Gross NPA ratio: Improved to 1.58% from 1.67% in the previous quarter.
- Provisions for bad loans fell 26% YoY to about ₹9.14 billion, cushioning profit growth.
- Net interest margin (NIM): Stable at roughly 4.3%, though management guided that margins may remain range‑bound given the interest‑rate environment.
- Deposits: Grew around 7.7% for the quarter, keeping funding growth broadly in line with loan growth.
Overall, the Q2 numbers confirm ICICI Bank’s position as a relatively high‑ROE, well‑capitalised private lender with improving asset quality and steady growth, even as margin expansion slows.
Valuation snapshot
Across multiple data providers, ICICI Bank’s current valuation metrics cluster around: Investing.com
- P/E (trailing): ~18–19x
- P/B: ~2.8–3.0x
- ROE: ~17.5–18%
- ROA: ~2.2%
- Dividend yield: Around 0.7–0.8%
Relative to its own history, this keeps ICICI Bank in the upper half of its valuation band, consistent with the market’s view of it as a high‑quality franchise but not a deep value play at current prices.
How today’s news fits into the ICICI Bank investment story
Bringing together the moving parts from 27 November 2025, here’s how the day’s developments feed into the broader ICICI Bank narrative.
1. RBI compounding order – governance watch, not a profit threat
- The ₹22.73 lakh compounding amount is financially immaterial, especially versus quarterly profits north of ₹12,000 crore. NSE India
- The infractions — delays in FEMA filings and ESOP payment modes — are procedural rather than credit‑quality issues. NSE India
- However, repeated or larger lapses would concern investors; so far, this looks like a one‑off compliance clean‑up rather than a red flag on governance.
2. Tier II bond issue – capital strength and growth readiness
- Successfully placing ₹39.45 billion of 15‑year Tier II bonds at 7.40% strengthens the bank’s regulatory capital and signals that debt investors are comfortable with its credit risk. TradingView
- Combined with AAA domestic ratings reaffirmed this month, the bond issue supports a narrative of balance‑sheet resilience and capacity to fund further growth. Screener
3. Investor outreach & ADR voting rights – global shareholder friendliness
- The Macquarie investor meet on 2 December showcases ICICI Bank to foreign institutional investors at a moment when global houses are incrementally bullish on India and financials. PSU Connect
- The RBI‑approved ADR voting rights amendment further aligns ICICI Bank with international standards on shareholder democracy, potentially enhancing the appeal of IBN to long‑term foreign funds. SEC
4. Technicals in a roaring market – quietly constructive
- With RSI edging above 50 and price holding above several key moving averages, ICICI Bank’s technical profile is leaning constructively bullish, though not in a runaway breakout. The Economic Times
- Reduced delivery volumes indicate some caution among buy‑and‑hold players, but liquidity remains strong, making the stock attractive for large order execution. Markets Mojo
- In today’s record‑high market, ICICI Bank’s ~1% gain sits comfortably within a “steady leader” category rather than a speculative high‑beta name. The Economic Times
What should investors watch next?
While this article is for information and news purposes only and is not investment advice, here are a few key things market participants are likely to track after today:
- Follow‑through after the Macquarie meet
- Any change in foreign ownership trends or brokerage commentary post the 2 December interaction could influence sentiment. Screener
- Impact of the Tier II issue on capital ratios
- Updated disclosures on capital adequacy (CAR) and leverage in forthcoming filings will show how this bond issue translates into regulatory comfort and growth headroom. TradingView
- Regulatory and compliance track record
- Investors will want to see no repeat of FEMA‑related lapses or larger penalties, as persistent compliance issues could start to weigh on the bank’s premium valuation. NSE India
- Q3 FY26 earnings and NIM trajectory
- With NIM expected to be range‑bound and provisions likely to tick up due to seasonal factors, the Street will watch whether ICICI Bank can sustain double‑digit loan growth and high‑teens ROE without sacrificing asset quality. Reuters
Bottom line
On 27 November 2025, ICICI Bank’s stock is quietly participating in India’s record‑high market, supported by:
- A small but symbolic RBI compounding order that tidies up old compliance issues.
- A large, well‑subscribed Tier II bond issue that further fortifies its capital base.
- Strengthening technical signals in the form of a bullish RSI upswing and supportive moving averages.
- A solid fundamental backdrop, with Q2 profits beating estimates, asset quality improving, and ROE close to 18%. Reuters
For investors and traders tracking “ICICI Bank share price today”, the takeaway is that today’s news flow is directionally positive but evolutionary rather than revolutionary — reinforcing the bank’s image as a large, liquid, well‑managed private lender at the heart of India’s ongoing financial‑sector bull story.
