ICICI Bank (MEX:IBN N) Moat Score : 5/10 (As of Jul. 18, 2025)

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What is ICICI Bank Moat Score?

ICICI Bank has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

ICICI Bank has Narrow Moat: ICICI Bank Ltd has a solid narrow moat with a strong brand and significant market share in India. It benefits from customer loyalty and a wide distribution network, but faces intense competition and regulatory challenges that limit its pricing power.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes ICICI Bank might have Narrow Moat - Solid narrow moat.

Competitive Comparison of ICICI Bank's Moat Score

For the Banks - Regional subindustry, ICICI Bank's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ICICI Bank's Moat Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ICICI Bank's Moat Score distribution charts can be found below:

* The bar in red indicates where ICICI Bank's Moat Score falls into.

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ICICI Bank (MEX:IBN N) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

ICICI Bank Moat Score Related Terms

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ICICI Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ICICI Bank Ltd (MEX:IBN N) » Definitions » Moat Score

Comparable Companies

Traded in Other Exchanges

IBN:USA ICICIBANK:India 532174:India 0A7M:UK ICBA:Germany ICBA:Germany I1BN34:Brazil IBN:Argentina

Address

ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, MH, IND, 400 051

Website

https://www.icicibank.com

ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, Other Banking Business, and Others. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Geographical segments include Domestic operations and Foreign operations. The company generates the majority of its revenue from the domestic operations.

ICICI Bank Headlines

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